Osmosis Investment Management UK Ltd Invests $5.25 Million in Edison International $EIX

Osmosis Investment Management UK Ltd bought a new stake in shares of Edison International (NYSE:EIX) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 70,479 shares of the utilities provider’s stock, valued at approximately $5,247,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EIX. Vanguard Group Inc. raised its position in Edison International by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock worth $3,134,268,000 after purchasing an additional 480,726 shares in the last quarter. BlackRock Inc. acquired a new stake in Edison International during the second quarter valued at approximately $3,340,412,000. State Street Corp boosted its holdings 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 valued at $1,989,135,000 after purchasing an additional 953,800 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Edison International by 69.9% in 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 purchasing an additional 7,521,168 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of 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 buying an additional 386,905 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

EIX has been the subject of several analyst reports. Barclays restated an “equal weight” rating and set a $75.00 target price (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Weiss Ratings cut shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. 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 research report on Friday, July 31st. Finally, Truist Financial decreased their price objective on shares of 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 investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Edison International currently has a consensus rating of “Hold” and an average target price of $72.45.

Edison International Trading Down 0.1%

EIX opened at $71.51 on Monday. 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 capitalization of $27.52 billion, a PE ratio of 7.37, a PEG ratio of 5.56 and a beta of 0.66. Edison International has a 1-year low of $52.00 and a 1-year high of $81.62. The firm has a 50-day moving average price of $74.13 and a two-hundred day moving average price of $72.05.

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

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were paid a $0.8775 dividend. This represents a $3.51 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is 36.19%.

Edison International 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.