Ieq Capital LLC Invests $82.34 Million in Edison International $EIX

Ieq Capital LLC acquired a new position in shares of Edison International (NYSE:EIX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,106,048 shares of the utilities provider’s stock, valued at approximately $82,345,000. Ieq Capital LLC owned about 0.29% of Edison International at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EIX. BlackRock Inc. acquired a new stake in shares of Edison International in the second quarter valued at about $3,340,412,000. AQR Capital Management LLC grew its position in Edison International by 69.9% during the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after buying an additional 7,521,168 shares during the period. Norges Bank acquired a new position in Edison International during the fourth quarter worth about $339,311,000. Bank of New York Mellon Corp acquired a new position in Edison International during the second quarter worth about $309,361,000. Finally, Deutsche Bank AG purchased a new position in Edison International in the second quarter valued at about $167,095,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analysts Set New Price Targets

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

Edison International Trading Down 4.2%

EIX opened at $71.51 on Friday. The firm’s 50 day moving average is $74.13 and its 200-day moving average is $71.97. Edison International has a 52-week low of $52.00 and a 52-week high of $81.62. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $27.52 billion, a P/E ratio of 7.37, a P/E/G ratio of 5.80 and a beta of 0.66.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts expect that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

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

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.