EFG International AG Makes New $772,000 Investment in Edison International $EIX

EFG International AG bought a new stake in Edison International (NYSE:EIX) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 10,366 shares of the utilities provider’s stock, valued at approximately $772,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Avior Wealth Management LLC increased its stake in shares of Edison International by 4.7% in the second quarter. Avior Wealth Management LLC now owns 2,956 shares of the utilities provider’s stock worth $220,000 after buying an additional 134 shares during the last quarter. Equitable Trust Co. boosted its stake in Edison International by 0.8% during the 1st quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider’s stock valued at $1,435,000 after acquiring an additional 148 shares during the last quarter. Altshuler Shaham Ltd boosted its stake in Edison International by 36.6% during the 1st quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 155 shares during the last quarter. UMB Bank n.a. grew its holdings in Edison International by 5.3% during the 4th quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock worth $190,000 after acquiring an additional 159 shares in the last quarter. Finally, Paladin Wealth LLC grew its holdings in Edison International by 6.3% during the 2nd quarter. Paladin Wealth LLC now owns 3,035 shares of the utilities provider’s stock worth $226,000 after acquiring an additional 181 shares in the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EIX has been the subject of several research analyst reports. Morgan Stanley dropped their target price on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating for the company in a research report on Friday, August 21st. Mizuho lifted their price target on Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Argus reiterated a “hold” rating on shares of Edison International in a research note on Wednesday. Weiss Ratings lowered Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Finally, Truist Financial cut their price objective on Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Edison International currently has a consensus rating of “Hold” and a consensus target price of $72.45.

Edison International Stock Down 1.2%

NYSE:EIX opened at $73.59 on Friday. The firm has a market capitalization of $28.32 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 5.79 and a beta of 0.66. The stock has a 50 day moving average of $74.34 and a 200-day moving average of $72.37. Edison International has a 52 week low of $52.00 and a 52 week high of $81.62. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX) last announced its quarterly earnings results 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 business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts predict that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

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