Pacer Advisors Inc. Has $1.41 Million Position in Edison International $EIX

Pacer Advisors Inc. lessened its stake in Edison International (NYSE:EIX) by 89.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,233 shares of the utilities provider’s stock after selling 171,512 shares during the period. Pacer Advisors Inc.’s holdings in Edison International were worth $1,407,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Groupe la Francaise acquired a new position in Edison International in the 1st quarter valued at approximately $29,000. 10Elms LLP bought a new stake in shares of Edison International in the 4th quarter valued at approximately $26,000. Transamerica Financial Advisors LLC raised 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 buying an additional 281 shares in the last quarter. Altshuler Shaham Ltd lifted its holdings in shares of Edison International by 36.6% during the first quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 155 shares during the period. Finally, Quest 10 Wealth Builders Inc. lifted its holdings in Edison International by 866.7% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 702 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Price Performance

NYSE EIX opened at $68.57 on Friday. Edison International has a 52-week low of $52.00 and a 52-week high of $81.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. The business has a 50 day simple moving average of $74.17 and a 200 day simple moving average of $71.29. The stock has a market cap of $26.39 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 5.33 and a beta of 0.66.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) 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 business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same quarter last year, the firm earned $0.97 EPS. 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. Analysts anticipate that Edison International will post 6.13 earnings per share 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 issued a $0.8775 dividend. This represents a $3.51 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Tuesday, July 7th. Edison International’s payout ratio is currently 36.19%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Truist Financial lowered their price target on shares of Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a report on Tuesday. Morgan Stanley reaffirmed an “underweight” rating and set a $69.00 price target on shares of Edison International in a research note on Wednesday, July 22nd. Mizuho raised their price target on Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Bank of America lowered their price objective on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $62.00 price objective on shares of Edison International in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned 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 $72.82.

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.