Empowered Funds LLC Takes $26.71 Million Position in Edison International $EIX

Empowered Funds LLC purchased a new stake in shares of Edison International (NYSE:EIX) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 358,821 shares of the utilities provider’s stock, valued at approximately $26,714,000. Empowered Funds LLC owned about 0.09% of Edison International as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. 10Elms LLP purchased a new position in shares of Edison International during the 4th quarter valued at $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in Edison International during the 2nd quarter valued at approximately $26,000. Transamerica Financial Advisors LLC increased its position in Edison International by 170.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 281 shares during the last quarter. Groupe la Francaise purchased a new stake in shares of Edison International during the 1st quarter valued at about $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Edison International during the second quarter valued at approximately $30,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Down 1.2%

Shares of NYSE EIX opened at $73.59 on Friday. Edison International has a 12-month low of $52.00 and a 12-month 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. The stock has a market cap of $28.32 billion, a PE ratio of 7.59, a P/E/G ratio of 5.79 and a beta of 0.66. The company has a 50-day moving average of $74.34 and a 200 day moving average of $72.37.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm earned $0.97 EPS. The business’s 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. As a group, sell-side analysts predict that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

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

Wall Street Analyst Weigh In

EIX has been the topic of several recent analyst reports. Barclays reiterated an “equal weight” rating and issued a $75.00 price target (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Mizuho boosted their price target on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Weiss Ratings cut Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Morgan Stanley lowered 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 note on Friday, August 21st. Finally, JPMorgan Chase & Co. boosted 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. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edison International currently has a consensus rating of “Hold” and a consensus price target of $72.45.

Edison International Company Profile

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.