Northwestern Mutual Wealth Management Co. Invests $2.13 Million in Edison International $EIX

Northwestern Mutual Wealth Management Co. purchased a new stake in Edison International (NYSE:EIX) in the 2nd quarter, Holdings Channel reports. The fund purchased 28,628 shares of the utilities provider’s stock, valued at approximately $2,131,000.

A number of other institutional investors have also recently modified their holdings of EIX. Edmond DE Rothschild Holding S.A. acquired a new position in Edison International during the second quarter worth $26,000. Groupe la Francaise acquired a new stake in Edison International in the first quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Edison International in the second quarter valued at $30,000. Bell Investment Advisors Inc purchased a new stake in shares of Edison International during the 2nd quarter worth $31,000. Finally, 10Elms LLP purchased a new stake in shares of Edison International during the 4th quarter worth $26,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on EIX. Morgan Stanley lowered their price target on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a research note on Friday. Mizuho raised their price objective on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Truist Financial decreased their price objective on shares of Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a report on Tuesday, August 4th. Barclays restated an “equal weight” rating and set a $75.00 target price (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Finally, Weiss Ratings downgraded shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. 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. Based on data from MarketBeat, Edison International currently has a consensus rating of “Hold” and an average target price of $72.45.

Edison International Stock Up 3.3%

EIX opened at $73.97 on Tuesday. 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 company has a market cap of $28.46 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 5.56 and a beta of 0.66. Edison International has a one year low of $52.00 and a one year high of $81.62. The business’s fifty day moving average is $74.17 and its two-hundred day moving average is $72.14.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. The business 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 business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts anticipate that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were issued a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 4.7%. The ex-dividend date was Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is 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.