Edison International $EIX Holdings Lifted by Fifth Third Bancorp

Fifth Third Bancorp grew its holdings in shares of Edison International (NYSE:EIX) by 236.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,108 shares of the utilities provider’s stock after buying an additional 44,343 shares during the period. Fifth Third Bancorp’s holdings in Edison International were worth $4,618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in EIX. Candriam S.C.A. grew its holdings in Edison International by 60.0% in the 1st quarter. Candriam S.C.A. now owns 74,636 shares of the utilities provider’s stock worth $5,462,000 after buying an additional 27,988 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Edison International by 19.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 30,629 shares of the utilities provider’s stock valued at $2,241,000 after acquiring an additional 4,894 shares in the last quarter. Equitable Trust Co. boosted its position in Edison International by 0.8% during the 1st quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider’s stock worth $1,435,000 after acquiring an additional 148 shares during the period. Hsbc Holdings PLC boosted its position in Edison International by 12.3% during the 1st quarter. Hsbc Holdings PLC now owns 3,485,044 shares of the utilities provider’s stock worth $254,937,000 after acquiring an additional 382,309 shares during the period. Finally, Kestra Advisory Services LLC grew its stake in shares of Edison International by 7.9% in the first quarter. Kestra Advisory Services LLC now owns 28,589 shares of the utilities provider’s stock worth $2,092,000 after purchasing an additional 2,084 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Stock Performance

NYSE:EIX opened at $77.58 on Friday. Edison International has a twelve month low of $50.85 and a twelve month high of $79.88. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. The company has a 50-day moving average of $72.71 and a 200-day moving average of $69.73. The firm has a market cap of $29.85 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 6.07 and a beta of 0.66.

Edison International (NYSE:EIX) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the firm earned $1.37 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts forecast that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, July 7th. Edison International’s dividend payout ratio is 38.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EIX shares. Morgan Stanley restated an “underweight” rating on shares of Edison International in a research note on Wednesday, June 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Edison International in a research note on Monday. Bank of America decreased their price objective on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Monday, April 20th. Truist Financial lowered their price objective on shares of Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. upped their target price on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Edison International currently has an average rating of “Hold” and a consensus price target of $72.73.

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.