Foster & Motley Inc. Invests $3.18 Million in Edison International $EIX

Foster & Motley Inc. bought a new position in shares of Edison International (NYSE:EIX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 42,686 shares of the utilities provider’s stock, valued at approximately $3,178,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board purchased a new stake in Edison International during the second quarter worth $109,570,000. Navigoe LLC purchased a new position in Edison International in the second quarter valued at about $113,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Edison International in the second quarter valued at approximately $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Edison International in the 2nd quarter worth $11,418,000. Finally, Tiemann Investment Advisors LLC purchased a new stake in shares of Edison International during the second quarter worth about $196,000. 88.95% of the stock is currently owned by institutional investors.

Edison International Price Performance

Edison International stock opened at $73.73 on Wednesday. The stock has a market capitalization of $28.37 billion, a P/E ratio of 7.60, a P/E/G ratio of 5.54 and a beta of 0.66. The company’s fifty day moving average price is $74.08 and its 200 day moving average price is $71.81. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. Edison International has a 1 year low of $52.00 and a 1 year high of $81.62.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities research analysts anticipate that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were paid a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s dividend payout ratio is currently 36.19%.

Analyst Ratings Changes

EIX has been the topic of several research reports. Barclays reissued an “equal weight” rating and issued a $75.00 target price (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their price target on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Weiss Ratings cut Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Morgan Stanley reissued an “underweight” rating and set a $69.00 price target on shares of Edison International in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $62.00 price objective on shares of Edison International in a report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edison International presently has an average rating of “Hold” and a consensus price target of $72.82.

About Edison International

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.