10,290 Shares in Edison International $EIX Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC purchased a new position in Edison International (NYSE:EIX) during the 1st quarter, Holdings Channel.com reports. The firm purchased 10,290 shares of the utilities provider’s stock, valued at approximately $699,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EIX shares. Barclays increased their price objective on shares of Edison International from $77.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday. Morgan Stanley reissued an “underweight” rating on shares of Edison International in a research report on Wednesday, June 24th. Truist Financial decreased their price objective on shares of Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Edison International in a report on Monday. Finally, Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $72.73.

Edison International Trading Up 1.7%

NYSE EIX opened at $77.98 on Friday. Edison International has a 52 week low of $50.58 and a 52 week high of $78.28. The company has a 50 day moving average price of $72.54 and a 200 day moving average price of $69.67. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The firm has a market cap of $30.01 billion, a PE ratio of 8.47, a price-to-earnings-growth ratio of 1.33 and a beta of 0.66.

Edison International (NYSE:EIX) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share 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 company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period last year, the firm earned $1.37 earnings per share. Edison International’s revenue was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, sell-side analysts forecast that Edison International will post 6.12 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be given a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.5%. Edison International’s dividend payout ratio (DPR) is presently 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.