Ieq Capital LLC Buys Shares of 1,106,048 Edison International $EIX

Ieq Capital LLC bought a new stake in Edison International (NYSE:EIX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,106,048 shares of the utilities provider’s stock, valued at approximately $82,345,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in shares of Edison International by 112.9% in the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock worth $577,000 after buying an additional 5,190 shares during the last quarter. Empowered Funds LLC raised its holdings in Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after acquiring an additional 211 shares in the last quarter. Woodline Partners LP raised its holdings in Edison International by 40.7% in the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after acquiring an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Edison International by 153.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after acquiring an additional 5,290 shares during the last quarter. Finally, Baird Financial Group Inc. bought a new position in Edison International during the 2nd quarter valued at $302,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EIX has been the subject of several research analyst reports. Morgan Stanley dropped their target price on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating for the company in a research report on Friday. Truist Financial reduced their price target on shares of Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings downgraded Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Barclays reissued an “equal weight” rating and issued a $75.00 price objective (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Finally, Mizuho upped their price objective on Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $72.45.

Edison International Price Performance

Shares of EIX opened at $71.51 on Friday. The company has a market cap of $27.52 billion, a P/E ratio of 7.37, a PEG ratio of 5.80 and a beta of 0.66. The stock has a fifty day moving average price of $74.13 and a 200 day moving average price of $71.97. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. Edison International has a 12 month low of $52.00 and a 12 month high of $81.62.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts forecast 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. Shareholders 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 yield of 4.9%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s payout ratio is presently 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.