Signet Financial Management LLC Makes New Investment in Edison International $EIX

Signet Financial Management LLC purchased a new stake in Edison International (NYSE:EIX) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,727 shares of the utilities provider’s stock, valued at approximately $639,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EIX. Cogent Strategic Wealth LLC acquired a new position in shares of Edison International in the first quarter worth approximately $268,000. Checchi Capital Advisers LLC increased its position in Edison International by 28.2% during the 1st quarter. Checchi Capital Advisers LLC now owns 5,689 shares of the utilities provider’s stock valued at $416,000 after purchasing an additional 1,251 shares during the period. Sterling Group Wealth Management LLC increased its position in Edison International by 2.7% during the 1st quarter. Sterling Group Wealth Management LLC now owns 7,213 shares of the utilities provider’s stock valued at $528,000 after purchasing an additional 190 shares during the period. Principal Financial Group Inc. raised its holdings in Edison International by 5.9% during the 1st quarter. Principal Financial Group Inc. now owns 471,984 shares of the utilities provider’s stock worth $34,540,000 after purchasing an additional 26,224 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in Edison International by 35.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 32,176 shares of the utilities provider’s stock worth $2,232,000 after purchasing an additional 8,411 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EIX. Barclays boosted their price target on shares of Edison International from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday. Seaport Research Partners downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Edison International in a report on Monday. JPMorgan Chase & Co. upped their price target on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Edison International currently has an average rating of “Hold” and a consensus price target of $72.73.

Edison International Price Performance

Edison International stock opened at $76.64 on Thursday. The stock has a market capitalization of $29.49 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 1.33 and a beta of 0.66. Edison International has a 52-week low of $50.45 and a 52-week high of $77.95. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The stock’s 50 day moving average price is $72.35 and its two-hundred day moving average price is $69.54.

Edison International (NYSE:EIX) last released its quarterly earnings data 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. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the business posted $1.37 EPS. Edison International’s revenue for the quarter was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities analysts predict that Edison International will post 6.12 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th will be issued a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is presently 38.11%.

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.