Leonteq Securities AG Raises Stake in Edison International $EIX

Leonteq Securities AG raised its holdings in shares of Edison International (NYSE:EIX) by 16,773.8% during the first quarter, Holdings Channel reports. The fund owned 17,380 shares of the utilities provider’s stock after buying an additional 17,277 shares during the period. Leonteq Securities AG’s holdings in Edison International were worth $1,272,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Edison International by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock worth $3,134,268,000 after acquiring an additional 480,726 shares during the last quarter. State Street Corp grew its holdings in shares of Edison International by 3.0% during the 4th quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock valued at $1,989,135,000 after purchasing an additional 953,800 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Edison International by 69.9% during the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after purchasing an additional 7,521,168 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Edison International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock valued at $803,407,000 after purchasing an additional 386,905 shares during the last quarter. Finally, Northern Trust Corp raised its position in Edison International by 12.3% in the 4th quarter. Northern Trust Corp now owns 6,070,324 shares of the utilities provider’s stock worth $364,341,000 after purchasing an additional 662,477 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Stock Down 0.0%

Shares of NYSE EIX opened at $75.63 on Friday. The firm’s fifty day moving average is $71.28 and its 200 day moving average is $68.59. Edison International has a 52 week low of $49.14 and a 52 week high of $76.21. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The company has a market cap of $29.10 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 1.31 and a beta of 0.66.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.10. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts expect that Edison International will post 6.12 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be issued a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, July 7th. Edison International’s dividend payout ratio is currently 38.11%.

Analysts Set New Price Targets

Several research firms have weighed in on EIX. Wells Fargo & Company reissued an “underweight” rating and issued a $62.00 price target on shares of Edison International in a research note on Tuesday, April 21st. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research note on Wednesday, June 24th. Truist Financial decreased their price objective on Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, May 18th. JPMorgan Chase & Co. boosted their target price on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Finally, Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.64.

Insider Buying and Selling at Edison International

In related news, Director Peter J. Taylor sold 500 shares of the firm’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $75.30, for a total value of $37,650.00. Following the sale, the director directly owned 34,212 shares of the company’s stock, valued at $2,576,163.60. This trade represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

About Edison International

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.