Sequoia Financial Advisors LLC Boosts Holdings in Edison International $EIX

Sequoia Financial Advisors LLC grew its stake in shares of Edison International (NYSE:EIX) by 36.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,760 shares of the utilities provider’s stock after purchasing an additional 11,131 shares during the period. Sequoia Financial Advisors LLC’s holdings in Edison International were worth $3,109,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. 10Elms LLP purchased a new stake in Edison International in the fourth quarter worth about $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in Edison International during the 2nd quarter valued at approximately $26,000. Transamerica Financial Advisors LLC grew its holdings in shares of Edison International by 170.3% during 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 period. Groupe la Francaise purchased a new position in shares of Edison International during the 1st quarter worth approximately $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Edison International in the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

EIX stock opened at $56.05 on Friday. The firm has a 50 day moving average price of $70.77 and a 200-day moving average price of $71.45. 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 $21.57 billion, a price-to-earnings ratio of 5.78, a PEG ratio of 2.25 and a beta of 0.62. 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 issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The firm had revenue of $4.36 billion for 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. 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 fiscal year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were issued a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s payout ratio is 36.19%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EIX. UBS Group lowered their target price on Edison International from $75.00 to $63.00 and set a “neutral” rating for the company in a research note on Tuesday, September 1st. JPMorgan Chase & Co. reduced their price target on Edison International from $82.00 to $61.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 2nd. Argus reiterated a “hold” rating on shares of Edison International in a report on Wednesday, August 26th. Barclays reissued 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. Finally, Truist Financial dropped their target price on shares of Edison International from $77.00 to $63.00 and set a “hold” rating on the stock in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $64.55.

Edison International Profile

Edison International (NYSE: EIX) is a holding company focused on electric power generation, transmission and distribution, as well as clean-energy solutions. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that delivers electricity to residential, commercial, industrial and public-sector customers.

SCE operates one of the largest electric utility systems in the United States, serving communities across central, coastal and Southern California.