Van ECK Associates Corp Sells 25,804 Shares of Edison International $EIX

Van ECK Associates Corp lessened its position in shares of Edison International (NYSE:EIX) by 12.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 180,648 shares of the utilities provider’s stock after selling 25,804 shares during the quarter. Van ECK Associates Corp’s holdings in Edison International were worth $13,449,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EIX. Jones Financial Companies Lllp raised its stake in Edison International by 112.9% during 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 boosted its position in Edison International by 2.4% during 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 during the last quarter. Woodline Partners LP grew its holdings in Edison International by 40.7% during the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after acquiring an additional 9,459 shares during the period. Sivia Capital Partners LLC grew its holdings 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 worth $451,000 after acquiring an additional 5,290 shares during the period. Finally, Baird Financial Group Inc. bought a new position in shares of Edison International in the 2nd quarter worth about $302,000. Institutional investors own 88.95% of the company’s stock.

Key Stories Impacting Edison International

Here are the key news stories impacting Edison International this week:

• Neutral Sentiment: Southern California Edison (SCE), Edison International’s utility subsidiary, called for comprehensive wildfire reform. The request could support longer-term regulatory clarity, but it also highlights the continuing uncertainty surrounding wildfire-cost allocation. Edison International Stock Plunges As SCE Calls For Comprehensive Wildfire Reform
• Neutral Sentiment: Some retail investors characterized the selloff as an overreaction, but Wall Street analysts warned that the legislation could leave EIX exposed to potentially significant wildfire liabilities. PCG, EIX Stocks Crash as Wall Street Warns of Liability Exposure
• Negative Sentiment: The amended wildfire bill reportedly keeps investor-owned utilities financially responsible if their equipment is found to have caused a wildfire. Investors are concerned that uncapped claims could pressure Edison International’s cash flow, balance sheet and credit ratings, while increasing the risk of future capital needs. California Wildfire Bill Omits Liability Cap
• Negative Sentiment: The liability concerns triggered one of EIX’s steepest single-day declines in decades and drove unusually heavy trading as investors reassessed the company’s wildfire risk. Edison Stock Craters in Worst Day Since 2001
• Negative Sentiment: Mizuho reaffirmed a “neutral” rating but reduced its price target to $70 from $86, reflecting a more cautious valuation outlook after the legislative development. Mizuho Edison International Analyst Rating

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Mizuho restated a “neutral” rating and set a $70.00 target price (down from $86.00) on shares of Edison International in a research report on Monday. JPMorgan Chase & Co. raised their price objective on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Weiss Ratings upgraded shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Morgan Stanley cut 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 note on Friday, August 21st. Finally, Truist Financial reduced their price target on shares of Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Edison International presently has an average rating of “Hold” and a consensus target price of $71.00.

Edison International Price Performance

Edison International stock opened at $54.05 on Tuesday. The company’s 50 day moving average price is $73.94 and its two-hundred day moving average price is $72.33. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. Edison International has a 52 week low of $52.00 and a 52 week high of $81.62. The stock has a market cap of $20.80 billion, a P/E ratio of 5.57, a P/E/G ratio of 5.45 and a beta of 0.66.

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

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were paid a dividend of $0.8775 per share. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 6.5%. Edison International’s dividend payout ratio is presently 36.19%.

Edison International Company 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.