Family Manage LLC Grows Stock Holdings in Edison International $EIX

Family Manage LLC grew its position in shares of Edison International (NYSE:EIX) by 604.1% in the 1st quarter, HoldingsChannel reports. The firm owned 27,291 shares of the utilities provider’s stock after acquiring an additional 23,415 shares during the quarter. Family Manage LLC’s holdings in Edison International were worth $1,997,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. 10Elms LLP purchased a new position in shares of Edison International during the 4th quarter valued at about $26,000. Transamerica Financial Advisors LLC lifted its position in 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 buying an additional 281 shares during the last quarter. Quest 10 Wealth Builders Inc. lifted its position in Edison International by 866.7% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $47,000 after buying an additional 702 shares during the last quarter. DV Equities LLC bought a new position in Edison International during the fourth quarter valued at approximately $52,000. Finally, McMillan Office Inc. purchased a new position in shares of Edison International during the fourth quarter worth approximately $55,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Price Performance

EIX opened at $79.71 on Monday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $73.56 and its 200 day simple moving average is $70.45. The firm has a market cap of $30.67 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 6.20 and a beta of 0.66. Edison International has a 1 year low of $51.01 and a 1 year high of $80.90.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.10. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, analysts predict that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be paid a $0.8775 dividend. This represents a $3.51 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, July 7th. Edison International’s payout ratio is presently 38.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EIX shares. Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Bank of America reduced their target price on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. JPMorgan Chase & Co. lifted their target price on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Morgan Stanley reiterated an “underweight” rating and issued a $69.00 target price on shares of Edison International in a research report on Wednesday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Edison International in a research note on Monday, July 13th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Edison International presently has an average rating of “Hold” and an average target price of $72.64.

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.