Edison International (NYSE:EIX) Sees Strong Trading Volume – What’s Next?

Edison International (NYSE:EIX) saw unusually-high trading volume on Tuesday. 9,430,894 shares traded hands during trading, an increase of 158% from the previous session’s volume of 3,652,932 shares. The stock last traded at $55.3050 and had previously closed at $55.64.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EIX shares. Weiss Ratings downgraded Edison International from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Truist Financial decreased their price target on Edison International from $63.00 to $62.00 and set a “hold” rating for the company in a report on Monday. Morgan Stanley dropped their target price on Edison International from $65.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, September 18th. Bank of America cut Edison International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $81.00 to $51.00 in a research report on Tuesday, September 1st. Finally, JPMorgan Chase & Co. decreased their target price on Edison International from $61.00 to $59.00 and set a “neutral” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $60.75.

Edison International Price Performance

The company has a fifty day moving average of $60.67 and a 200-day moving average of $68.51. The stock has a market cap of $21.46 billion, a PE ratio of 5.76, a P/E/G ratio of 2.23 and a beta of 0.62. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $4.82 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. Edison International’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. Sell-side analysts expect that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Wednesday, October 7th will be given a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Wednesday, October 7th. Edison International’s dividend payout ratio (DPR) is 36.19%.

Insider Transactions at Edison International

In related news, Director Peter Taylor sold 500 shares of the company’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $55.56, for a total transaction of $27,780.00. Following the transaction, the director owned 33,212 shares of the company’s stock, valued at $1,845,258.72. This represents a 1.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Institutional Trading of Edison International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EIX. Rakuten Investment Management Inc. acquired a new stake in shares of Edison International during the second quarter worth $4,750,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Edison International in the second quarter valued at about $33,328,000. Jupiter Topco LLC acquired a new stake in Edison International during the 2nd quarter valued at approximately $3,577,000. Corient Private Wealth LP lifted its position in Edison International by 49.7% during the second quarter. Corient Private Wealth LP now owns 136,621 shares of the utilities provider’s stock valued at $10,171,000 after purchasing an additional 45,336 shares during the period. Finally, Allworth Financial LP purchased a new position in shares of Edison International during the 2nd quarter valued at about $2,586,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

About Edison International

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.