Tounjian Advisory Partners LLC Buys 7,240 Shares of Edison International $EIX

Tounjian Advisory Partners LLC boosted its stake in shares of Edison International (NYSE:EIX) by 37.5% in the third quarter, Holdings Channel reports. The firm owned 26,522 shares of the utilities provider’s stock after acquiring an additional 7,240 shares during the period. Tounjian Advisory Partners LLC’s holdings in Edison International were worth $1,466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Activest Wealth Management raised its position in shares of Edison International by 677.8% in the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 488 shares during the period. CVA Family Office LLC raised its holdings in Edison International by 113.7% in the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 307 shares during the period. Laurel Wealth Advisors LLC lifted its position in Edison International by 5,064.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 709 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in Edison International during the second quarter valued at about $38,000. Finally, Quent Capital LLC bought a new stake in Edison International during the third quarter valued at about $40,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Trading Up 0.4%

Shares of Edison International stock opened at $74.69 on Friday. The stock has a market capitalization of $28.74 billion, a P/E ratio of 6.46, a price-to-earnings-growth ratio of 1.21 and a beta of 0.82. Edison International has a 12-month low of $47.73 and a 12-month high of $75.50. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The company has a 50-day simple moving average of $64.14 and a 200 day simple moving average of $59.09.

Edison International (NYSE:EIX) last announced its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.47 by $0.40. The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a return on equity of 14.87% and a net margin of 24.34%.During the same quarter in the prior year, the business earned $1.05 earnings per share. 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. Research analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be paid a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.7%. Edison International’s payout ratio is presently 30.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EIX shares. Barclays boosted their price objective on Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Zacks Research cut Edison International from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Wells Fargo & Company lowered shares of Edison International from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $56.00 to $59.00 in a research report on Tuesday, January 20th. Jefferies Financial Group reduced their price target on shares of Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. Finally, Mizuho set a $79.00 price target on shares of Edison International in a research report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $67.70.

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.