IPG Investment Advisors LLC Purchases Shares of 25,060 Edison International $EIX

IPG Investment Advisors LLC purchased a new stake in Edison International (NYSE:EIX) during the second quarter, HoldingsChannel.com reports. The fund purchased 25,060 shares of the utilities provider’s stock, valued at approximately $1,866,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Edison International during the 2nd quarter worth $26,000. Groupe la Francaise acquired a new position in Edison International during the 1st quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Edison International during the second quarter valued at about $30,000. Bell Investment Advisors Inc acquired a new stake in shares of Edison International in the second quarter valued at about $31,000. Finally, 10Elms LLP acquired a new stake in shares of Edison International in the fourth quarter valued at about $26,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EIX shares. Morgan Stanley dropped their price objective on Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a research note on Friday, August 21st. Barclays reaffirmed an “equal weight” rating and issued a $75.00 target price (down from $78.00) on shares of Edison International in a report on Friday, July 31st. JPMorgan Chase & Co. dropped their price target on Edison International from $82.00 to $61.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 2nd. Truist Financial reduced their price objective on Edison International from $77.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday, September 3rd. Finally, Mizuho restated a “neutral” rating and issued a $70.00 price objective (down from $86.00) on shares of Edison International in a research note on Monday, August 31st. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Edison International has a consensus rating of “Reduce” and a consensus target price of $64.55.

Edison International Trading Down 3.2%

Shares of EIX opened at $57.45 on Thursday. Edison International has a 12-month low of $52.00 and a 12-month 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 $22.11 billion, a price-to-earnings ratio of 5.92, a P/E/G ratio of 2.39 and a beta of 0.62. The stock’s 50-day moving average price is $71.54 and its 200 day moving average price is $71.68.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The company 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 company earned $0.97 EPS. The company’s quarterly revenue was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts predict that Edison International will post 6.13 earnings per share for the current 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 given a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is 36.19%.

About Edison International

Edison International (NYSE: EIX) is a holding company focused on electric power generation, transmission and distribution, as well as clean-energy solutions. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that delivers electricity to residential, commercial, industrial and public-sector customers.

SCE operates one of the largest electric utility systems in the United States, serving communities across central, coastal and Southern California.