14,007 Shares in Edison International $EIX Bought by Cibc World Market Inc.

Cibc World Market Inc. acquired a new stake in shares of Edison International (NYSE:EIX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,007 shares of the utilities provider’s stock, valued at approximately $1,043,000.

A number of other institutional investors also recently bought and sold shares of EIX. BlackRock Inc. purchased a new position in Edison International in the second quarter worth about $3,340,412,000. AQR Capital Management LLC increased its position in shares of Edison International by 69.9% during the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after purchasing an additional 7,521,168 shares during the last quarter. Norges Bank purchased a new stake in shares of Edison International during the 4th quarter valued at about $339,311,000. Bank of New York Mellon Corp purchased a new stake in shares of Edison International during the 2nd quarter valued at about $309,361,000. Finally, Deutsche Bank AG bought a new position in shares of Edison International in the 2nd quarter worth approximately $167,095,000. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of EIX opened at $73.59 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. The business has a 50-day simple moving average of $74.34 and a two-hundred day simple moving average of $72.37. The stock has a market cap of $28.32 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 5.79 and a beta of 0.66. Edison International has a 52 week low of $52.00 and a 52 week high of $81.62.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating 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 earned $0.97 EPS. The business’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. On average, analysts expect that Edison International will post 6.13 EPS for the current year.

Edison International Announces Dividend

The company also recently announced 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 4.8%. Edison International’s dividend payout ratio (DPR) is presently 36.19%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Argus reissued a “hold” rating on shares of Edison International in a report on Wednesday. Mizuho upped their target price on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Morgan Stanley decreased their price target on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a research report on Friday, August 21st. Barclays reiterated an “equal weight” rating and issued a $75.00 price target (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Edison International has an average rating of “Hold” and an average target price of $72.45.

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.