Foster & Motley Inc. Takes $3.18 Million Position in Edison International $EIX

Foster & Motley Inc. acquired a new position in Edison International (NYSE:EIX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 42,686 shares of the utilities provider’s stock, valued at approximately $3,178,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Groupe la Francaise acquired a new position in Edison International in the first quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Edison International during the second quarter valued at about $30,000. Bell Investment Advisors Inc purchased a new stake in shares of Edison International in the 2nd quarter valued at approximately $31,000. 10Elms LLP purchased a new stake in shares of Edison International in the 4th quarter valued at approximately $26,000. Finally, Transamerica Financial Advisors LLC lifted its holdings in shares of 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 acquiring an additional 281 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EIX. Barclays reaffirmed an “equal weight” rating and set a $75.00 price objective (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Mizuho boosted their target price on Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Truist Financial decreased their price target on Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research note on Tuesday, August 4th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $62.00 price objective on shares of Edison International in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $72.82.

Edison International Stock Up 3.4%

Shares of NYSE:EIX opened at $73.73 on Wednesday. The firm’s 50 day moving average price is $74.08 and its 200 day moving average price is $71.81. The stock has a market cap of $28.37 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth 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 quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95.

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. 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 quarter in the previous year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities research analysts predict that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were given a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s payout ratio is 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.