Pallas Capital Advisors LLC Makes New $4.45 Million Investment in Edison International $EIX

Pallas Capital Advisors LLC acquired a new position in shares of Edison International (NYSE:EIX) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 59,756 shares of the utilities provider’s stock, valued at approximately $4,449,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Edison International by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock worth $3,134,268,000 after buying an additional 480,726 shares during the period. State Street Corp increased its position in Edison International by 3.0% during the fourth quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock worth $1,989,135,000 after acquiring an additional 953,800 shares during the period. AQR Capital Management LLC raised its stake in Edison International by 69.9% in the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after purchasing an additional 7,521,168 shares in the last quarter. Geode Capital Management LLC raised its stake in Edison International by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock worth $803,407,000 after purchasing an additional 386,905 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Edison International by 12.3% in the 4th quarter. Northern Trust Corp now owns 6,070,324 shares of the utilities provider’s stock valued at $364,341,000 after purchasing an additional 662,477 shares during the period. Institutional investors own 88.95% of the company’s stock.

Analyst Ratings Changes

EIX has been the topic of a number of recent analyst reports. Morgan Stanley restated an “underweight” rating and issued a $69.00 price target on shares of Edison International in a research report on Wednesday, July 22nd. Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. JPMorgan Chase & Co. upped their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Truist Financial decreased their price objective on shares of Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research note on Tuesday, August 4th. Finally, Bank of America cut their target price on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $72.82.

Edison International Stock Performance

Shares of Edison International stock opened at $71.27 on Tuesday. The company’s 50 day moving average price is $74.03 and its two-hundred day moving average price is $71.73. The firm has a market capitalization of $27.43 billion, a P/E ratio of 7.35, a P/E/G ratio of 5.54 and a beta of 0.66. Edison International has a fifty-two week low of $52.00 and a fifty-two week high of $81.62. 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 (NYSE:EIX) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the prior year, the business earned $0.97 earnings per share. The company’s revenue for the quarter 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 forecast that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were issued a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Tuesday, July 7th. Edison International’s dividend payout ratio is presently 36.19%.

About Edison International

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.