Russell Investments Group Ltd. Grows Position in Edison International $EIX

Russell Investments Group Ltd. raised its stake in Edison International (NYSE:EIX) by 30.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,234,043 shares of the utilities provider’s stock after acquiring an additional 285,752 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.32% of Edison International worth $68,207,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Edison International by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 51,739,673 shares of the utilities provider’s stock worth $2,860,169,000 after purchasing an additional 269,556 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Edison International by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 12,136,256 shares of the utilities provider’s stock valued at $638,576,000 after purchasing an additional 407,039 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Edison International by 83.5% in the 2nd quarter. AQR Capital Management LLC now owns 9,962,902 shares of the utilities provider’s stock valued at $510,649,000 after purchasing an additional 4,534,864 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Edison International by 10.8% during the 2nd quarter. Invesco Ltd. now owns 6,392,459 shares of the utilities provider’s stock worth $329,851,000 after purchasing an additional 621,924 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Edison International by 11.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,593,002 shares of the utilities provider’s stock worth $288,599,000 after purchasing an additional 562,991 shares during the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on EIX shares. Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. TD Cowen increased their price target on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Wells Fargo & Company downgraded Edison International from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $56.00 to $59.00 in a research report on Tuesday, January 20th. Finally, UBS Group lowered Edison International from a “buy” rating to a “neutral” rating and upped their target price for the company from $70.00 to $78.00 in a research note on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Edison International currently has an average rating of “Hold” and a consensus price target of $68.56.

Edison International Stock Up 0.3%

Shares of NYSE EIX opened at $70.96 on Wednesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73. Edison International has a 1 year low of $47.73 and a 1 year high of $75.50. The stock’s 50-day simple moving average is $65.85 and its 200-day simple moving average is $59.97. The firm has a market cap of $27.31 billion, a price-to-earnings ratio of 6.14, a PEG ratio of 1.14 and a beta of 0.79.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the firm earned $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. As a group, equities analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be issued a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International’s dividend payout ratio (DPR) is currently 30.36%.

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.