Daiichi Life Insurance Co. Ltd. Acquires Shares of 43,061 Edison International $EIX

Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of Edison International (NYSE:EIX) in the second quarter, HoldingsChannel.com reports. The fund acquired 43,061 shares of the utilities provider’s stock, valued at approximately $3,206,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. 10Elms LLP bought a new stake in Edison International during the 4th quarter valued at $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Edison International during the 2nd quarter valued at $26,000. Transamerica Financial Advisors LLC grew its holdings 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 acquiring an additional 281 shares during the last quarter. Groupe la Francaise bought a new stake in Edison International in the 1st quarter worth $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Edison International in the second quarter valued at about $30,000. Institutional investors own 88.95% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on EIX shares. Weiss Ratings downgraded shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. raised their target price on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Barclays restated an “equal weight” rating and set a $75.00 price target (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Mizuho upped their price target on Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Truist Financial dropped their price objective on Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a report on Tuesday, August 4th. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $72.45.

Edison International Stock Down 0.1%

Shares of NYSE:EIX opened at $71.51 on Monday. Edison International has a 52-week low of $52.00 and a 52-week high of $81.62. The firm has a market capitalization of $27.52 billion, a P/E ratio of 7.37, a P/E/G ratio of 5.56 and a beta of 0.66. The stock has a 50 day moving average price of $74.13 and a 200-day moving average price of $72.05. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66.

Edison International (NYSE:EIX) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share 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 company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The firm’s 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. As a group, equities research analysts anticipate that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were given a dividend of $0.8775 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.9%. Edison International’s dividend payout ratio (DPR) is currently 36.19%.

Edison International 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.