Susquehanna Fundamental Investments LLC bought a new stake in shares of Edison International (NYSE:EIX – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,231 shares of the utilities provider’s stock, valued at approximately $1,134,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 10Elms LLP purchased a new stake in shares of Edison International in the 4th quarter worth $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Edison International in the second quarter worth about $26,000. Transamerica Financial Advisors LLC raised its stake in shares of Edison International by 170.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after buying an additional 281 shares during the period. Groupe la Francaise purchased a new position in shares of Edison International during the 1st quarter valued at about $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Edison International during the 2nd quarter valued at about $30,000. 88.95% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have commented on EIX shares. UBS Group decreased their target price on shares of Edison International from $75.00 to $63.00 and set a “neutral” rating on the stock in a research note on Tuesday. Morgan Stanley dropped their price target 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. Argus restated a “hold” rating on shares of Edison International in a research note on Wednesday, August 26th. Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 27th. Finally, JPMorgan Chase & Co. raised their price target on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $67.18.
More Edison International News
Here are the key news stories impacting Edison International this week:
- Positive Sentiment: California lawmakers reportedly killed a wildfire bill that did not provide liability protections for investor-owned utilities. The development may reopen the possibility of legislation that limits wildfire-related financial exposure for Edison’s Southern California Edison subsidiary. PG&E Stock, Edison International Rise as California Lawmakers Kill Wildfire Bill
- Positive Sentiment: Traders purchased 23,522 EIX call options, approximately 514% above typical call volume. The activity indicates increased speculative interest and may reflect bets on a rebound, although options volume alone does not establish a lasting change in fundamentals.
- Neutral Sentiment: Bank of America reaffirmed its “neutral” rating but reduced its price target to $51 from $81, implying further downside from the current trading level. The sharply lower target underscores how materially wildfire-liability concerns have changed the risk assessment. Bank of America analyst update
- Neutral Sentiment: Mizuho also maintained a “neutral” rating while cutting its target to $70 from $86. Its target remains above the current price, suggesting potential recovery value if California provides a workable liability framework, but the reduction signals greater uncertainty. Monday’s Top Wall Street Analyst Research Calls
- Negative Sentiment: The underlying concern remains unresolved: recent wildfire legislation omitted the liability cap investors expected, leaving EIX potentially responsible for substantial fire-related costs. Southern California Edison’s call for comprehensive wildfire reform highlights the continuing regulatory, balance-sheet and credit-rating risks. Edison International plunges after California bill omits protections
Edison International Stock Up 9.3%
Shares of NYSE EIX opened at $59.01 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. Edison International has a 12-month low of $52.00 and a 12-month high of $81.62. The firm’s 50-day moving average price is $73.66 and its 200-day moving average price is $72.27. The stock has a market capitalization of $22.71 billion, a price-to-earnings ratio of 6.08, a P/E/G ratio of 4.19 and a beta of 0.62.
Edison International (NYSE:EIX – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. Edison International’s quarterly revenue was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts anticipate that Edison International will post 6.13 EPS for the current fiscal year.
Edison International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were paid 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 5.9%. Edison International’s dividend payout ratio (DPR) 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.
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