Canada Pension Plan Investment Board Purchases New Position in Edison International $EIX

Canada Pension Plan Investment Board purchased a new stake in shares of Edison International (NYSE:EIX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,848,259 shares of the utilities provider’s stock, valued at approximately $212,053,000. Canada Pension Plan Investment Board owned approximately 0.74% of Edison International at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Ategra Capital Management LLC bought a new position in shares of Edison International during the 2nd quarter valued at approximately $2,749,000. Legal & General Group Plc bought a new stake in Edison International in the second quarter worth $329,766,000. The Manufacturers Life Insurance Company bought a new stake in Edison International in the second quarter worth $18,790,000. Aberdeen Wealth Management LLC purchased a new stake in Edison International during the second quarter valued at $116,000. Finally, Algert Global LLC lifted its position in Edison International by 295.6% during the second quarter. Algert Global LLC now owns 17,229 shares of the utilities provider’s stock valued at $1,283,000 after purchasing an additional 12,874 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on EIX shares. Weiss Ratings downgraded shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Mizuho increased their price target on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, July 31st. JPMorgan Chase & Co. lifted their price target on 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 reduced their price objective on Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a research note on Friday, August 21st. Finally, Barclays restated an “equal weight” rating and set a $75.00 price objective (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $72.45.

Edison International Trading Down 0.1%

EIX stock opened at $74.69 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. Edison International has a twelve month low of $52.00 and a twelve month high of $81.62. The stock has a market capitalization of $28.74 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. The firm’s fifty day simple moving average is $74.30 and its two-hundred day simple moving average is $72.30.

Edison International (NYSE:EIX) last announced its 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. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, analysts anticipate that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were given a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s dividend payout ratio 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.