Plato Investment Management Ltd Invests $2.78 Million in Edison International $EIX

Plato Investment Management Ltd acquired a new stake in shares of Edison International (NYSE:EIX) during the second quarter, according to its most recent filing with the SEC. The fund acquired 37,619 shares of the utilities provider’s stock, valued at approximately $2,784,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its position in shares of Edison International by 69.9% in the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after acquiring an additional 7,521,168 shares during the period. Norges Bank bought a new position in Edison International in the 4th quarter valued at $339,311,000. Bank of New York Mellon Corp bought a new position in shares of Edison International in the second quarter worth $309,361,000. Goldman Sachs Group Inc. increased its holdings in shares of Edison International by 41.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after purchasing an additional 1,609,847 shares during the period. Finally, Assetmark Inc. raised its position in shares of Edison International by 1,118.0% in the first quarter. Assetmark Inc. now owns 1,601,327 shares of the utilities provider’s stock worth $117,185,000 after buying an additional 1,469,860 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EIX shares. Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Mizuho upped their target price on Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Morgan Stanley reaffirmed an “underweight” rating and issued a $69.00 price target on shares of Edison International in a report on Wednesday, July 22nd. Wells Fargo & Company reiterated an “underweight” rating and set a $62.00 price target on shares of Edison International in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $72.82.

Edison International Stock Down 0.1%

EIX opened at $71.35 on Monday. The business’s fifty day simple moving average is $74.02 and its 200 day simple moving average is $71.67. Edison International has a 52 week low of $52.00 and a 52 week high of $81.62. 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 stock has a market cap of $27.46 billion, a PE ratio of 7.36, a P/E/G ratio of 5.54 and a beta of 0.66.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts expect that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were given a $0.8775 dividend. 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%.

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.