Wealthfront Advisers LLC Has $5.98 Million Holdings in Edison International $EIX

Wealthfront Advisers LLC lifted its holdings in shares of Edison International (NYSE:EIX) by 50.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 81,733 shares of the utilities provider’s stock after purchasing an additional 27,472 shares during the period. Wealthfront Advisers LLC’s holdings in Edison International were worth $5,981,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Equitable Trust Co. increased its stake in shares of Edison International by 0.8% in the 1st quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider’s stock valued at $1,435,000 after buying an additional 148 shares during the period. UMB Bank n.a. grew its position in shares of Edison International by 5.3% during the 4th quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock worth $190,000 after buying an additional 159 shares during the period. LVW Advisors LLC increased its stake in Edison International by 4.6% in the fourth quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 186 shares in the last quarter. Sterling Group Wealth Management LLC increased its position in shares of Edison International by 2.7% in the 1st quarter. Sterling Group Wealth Management LLC now owns 7,213 shares of the utilities provider’s stock valued at $528,000 after buying an additional 190 shares in the last quarter. Finally, Huntington National Bank increased its holdings in shares of Edison International by 6.2% in the fourth quarter. Huntington National Bank now owns 3,351 shares of the utilities provider’s stock worth $201,000 after acquiring an additional 196 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EIX has been the topic of a number of research analyst reports. Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Bank of America dropped their price objective on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. JPMorgan Chase & Co. raised 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. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research report on Wednesday, June 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Edison International in a report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $72.73.

Edison International Trading Down 0.6%

Shares of Edison International stock opened at $77.58 on Friday. The firm’s 50-day moving average price is $72.71 and its two-hundred day moving average price is $69.73. The company has a market capitalization of $29.85 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 6.04 and a beta of 0.66. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. Edison International has a 12-month low of $50.85 and a 12-month high of $79.88.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the business earned $1.37 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts forecast that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be given a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Tuesday, July 7th. Edison International’s dividend payout ratio is currently 38.11%.

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.