29,187 Shares in Edison International $EIX Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new position in shares of Edison International (NYSE:EIX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 29,187 shares of the utilities provider’s stock, valued at approximately $2,173,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Edison International by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock valued at $3,134,268,000 after buying an additional 480,726 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Edison International in the second quarter worth about $3,340,412,000. State Street Corp boosted its position in Edison International by 3.0% during the fourth quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock worth $1,989,135,000 after acquiring an additional 953,800 shares during the last quarter. AQR Capital Management LLC grew its stake in Edison International by 69.9% during the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after acquiring an additional 7,521,168 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Edison International by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock worth $803,407,000 after purchasing an additional 386,905 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Trading Down 4.2%

NYSE:EIX opened at $71.51 on Friday. Edison International has a 1 year low of $52.00 and a 1 year high of $81.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. The stock has a fifty day moving average price of $74.13 and a two-hundred day moving average price of $71.97. The stock has a market capitalization of $27.52 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 5.80 and a beta of 0.66.

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

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were given a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Tuesday, July 7th. Edison International’s payout ratio is presently 36.19%.

Analysts Set New Price Targets

EIX has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Barclays restated an “equal weight” rating and set a $75.00 price target (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Mizuho upped their price objective on Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Morgan Stanley lowered their price target on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating for the company in a report on Friday. Finally, Truist Financial dropped their price objective on Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $72.45.

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.