Wellington Management Group LLP Buys 31,296 Shares of Edison International $EIX

Wellington Management Group LLP lifted its position in Edison International (NYSE:EIX) by 6.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 512,083 shares of the utilities provider’s stock after purchasing an additional 31,296 shares during the quarter. Wellington Management Group LLP’s holdings in Edison International were worth $38,125,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities analysts have commented on EIX shares. Mizuho reiterated a “neutral” rating and set a $70.00 price objective (down from $86.00) on shares of Edison International in a research report on Monday, August 31st. Argus restated a “hold” rating on shares of Edison International in a report on Wednesday, August 26th. Morgan Stanley decreased their target price on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a research report on Friday, August 21st. UBS Group lowered their price target on shares of Edison International from $75.00 to $63.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Barclays reissued an “equal weight” rating and set a $75.00 price objective (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $64.55.

Edison International Trading Up 0.6%

Shares of EIX opened at $56.64 on Friday. The company’s fifty day simple moving average is $72.54 and its 200-day simple moving average is $71.96. The company has a market cap of $21.80 billion, a P/E ratio of 5.84, a P/E/G ratio of 2.27 and a beta of 0.62. 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 has a twelve month low of $52.00 and a twelve month high of $81.62.

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

Edison International Dividend Announcement

The firm also recently declared 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 6.2%. The ex-dividend date of this dividend was Tuesday, July 7th. 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.