Redwood Investment Management LLC Makes New $886,000 Investment in Edison International $EIX

Redwood Investment Management LLC acquired a new stake in Edison International (NYSE:EIX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,905 shares of the utilities provider’s stock, valued at approximately $886,000.

A number of other hedge funds also recently made changes to their positions in the company. Allworth Financial LP purchased a new position in Edison International in the second quarter valued at about $2,586,000. Goldman Sachs Group Inc. increased its holdings in Edison International by 41.4% during the 4th 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 last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in Edison International during the 1st quarter worth approximately $1,503,000. Del Sette Capital Management LLC acquired a new position in shares of Edison International in the 1st quarter valued at approximately $3,275,000. Finally, Pinebridge Investments LLC acquired a new position in shares of Edison International in the 4th quarter valued at approximately $46,548,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of EIX opened at $73.59 on Friday. The stock has a market capitalization of $28.32 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 5.79 and a beta of 0.66. The business’s fifty day moving average price is $74.34 and its 200 day moving average price is $72.37. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. Edison International has a 12-month low of $52.00 and a 12-month high of $81.62.

Edison International (NYSE:EIX) last released 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 firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts forecast that Edison International will post 6.13 EPS for the current year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were given a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s dividend payout ratio is currently 36.19%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EIX shares. Weiss Ratings cut Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Barclays reiterated an “equal weight” rating and set a $75.00 price objective (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. JPMorgan Chase & Co. raised their price objective on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Morgan Stanley dropped their target price on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating for the company in a research report on Friday, August 21st. Finally, Mizuho upped their target price 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. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Edison International has an average rating of “Hold” and an average price target of $72.45.

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.