Landscape Capital Management L.L.C. Acquires Shares of 74,109 Edison International $EIX

Landscape Capital Management L.L.C. acquired a new position in Edison International (NYSE:EIX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 74,109 shares of the utilities provider’s stock, valued at approximately $5,517,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EIX. Avior Wealth Management LLC increased its position in shares of Edison International by 4.7% during the second quarter. Avior Wealth Management LLC now owns 2,956 shares of the utilities provider’s stock valued at $220,000 after buying an additional 134 shares during the period. Equitable Trust Co. raised its stake in Edison International by 0.8% in the first quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider’s stock worth $1,435,000 after buying an additional 148 shares in the last quarter. Altshuler Shaham Ltd lifted its holdings in Edison International by 36.6% in the first quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock worth $42,000 after buying an additional 155 shares during the period. UMB Bank n.a. lifted its holdings in Edison International by 5.3% in the fourth quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock worth $190,000 after buying an additional 159 shares during the period. Finally, Paladin Wealth LLC boosted its position in Edison International by 6.3% during the 2nd quarter. Paladin Wealth LLC now owns 3,035 shares of the utilities provider’s stock valued at $226,000 after acquiring an additional 181 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Price Performance

Shares of NYSE EIX opened at $71.51 on Friday. Edison International has a fifty-two week low of $52.00 and a fifty-two week high of $81.62. The company has a 50 day simple moving average of $74.13 and a two-hundred day simple moving average of $71.97. The company has a market capitalization of $27.52 billion, a price-to-earnings ratio of 7.37, a P/E/G ratio of 5.80 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.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the previous year, the firm posted $0.97 EPS. The business’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. Analysts expect that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EIX. Weiss Ratings downgraded Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Mizuho raised their target price on Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. lifted their price target on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Barclays reaffirmed an “equal weight” rating and issued a $75.00 price target (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Finally, Morgan Stanley lowered their price objective on Edison International from $69.00 to $65.00 and set an “underweight” rating for the company in a research report on Friday. Three research 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. According to data from MarketBeat, Edison International has a consensus rating of “Hold” and a consensus price target of $72.45.

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.