Focus Partners Advisor Solutions LLC Buys Shares of 61,492 Edison International $EIX

Focus Partners Advisor Solutions LLC purchased a new position in Edison International (NYSE:EIX) during the 2nd quarter, Holdings Channel reports. The fund purchased 61,492 shares of the utilities provider’s stock, valued at approximately $4,578,000.

Other institutional investors and hedge funds have also modified their holdings of the company. 10Elms LLP purchased a new stake in shares of Edison International in the 4th quarter worth $26,000. Transamerica Financial Advisors LLC raised its holdings in Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 281 shares during the period. Groupe la Francaise purchased a new position in Edison International during the first quarter valued at $29,000. Altshuler Shaham Ltd lifted its position in Edison International by 36.6% during the first quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 155 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. lifted its position in Edison International by 866.7% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 702 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Trading Up 0.9%

Shares of Edison International stock opened at $71.35 on Friday. The company has a market capitalization of $27.46 billion, a P/E ratio of 7.36, a P/E/G ratio of 5.54 and a beta of 0.66. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. The company has a fifty day moving average of $74.02 and a 200 day moving average of $71.60. Edison International has a fifty-two week low of $52.00 and a fifty-two week high of $81.62.

Edison International (NYSE:EIX) last issued its quarterly earnings results 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. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.Edison International’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, sell-side analysts anticipate that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were given 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 4.9%. Edison International’s dividend payout ratio (DPR) is currently 36.19%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EIX shares. Truist Financial reduced their price target on Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday, August 4th. Mizuho lifted their price objective on Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Wells Fargo & Company reiterated an “underweight” rating and set a $62.00 price objective on shares of Edison International in a research note on Tuesday, April 21st. Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Finally, Weiss Ratings cut shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $72.82.

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.