Wealthfront Advisers LLC Buys Shares of 102,425 Edison International $EIX

Wealthfront Advisers LLC purchased a new stake in Edison International (NYSE:EIX) during the second quarter, according to its most recent filing with the SEC. The firm purchased 102,425 shares of the utilities provider’s stock, valued at approximately $7,626,000.

Several other large investors have also recently made changes to their positions in EIX. 10Elms LLP purchased a new stake in shares of Edison International during the 4th quarter worth $26,000. Transamerica Financial Advisors LLC grew its stake in Edison International by 170.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 281 shares during the last quarter. Groupe la Francaise purchased a new position in Edison International in the first quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Edison International in the second quarter worth about $30,000. Finally, Bell Investment Advisors Inc bought a new position in Edison International in the second quarter worth about $31,000. 88.95% of the stock is owned by institutional investors.

Edison International Price Performance

Shares of EIX opened at $73.38 on Thursday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. The company’s fifty day moving average price is $74.11 and its 200-day moving average price is $71.89. Edison International has a 1-year low of $52.00 and a 1-year high of $81.62. The firm has a market capitalization of $28.24 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 5.72 and a beta of 0.66.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.36. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. Edison International’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts predict that Edison International will post 6.13 EPS for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were paid a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s dividend payout ratio is presently 36.19%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EIX. Weiss Ratings cut shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Mizuho boosted their price objective on shares of Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Barclays reissued an “equal weight” rating and set a $75.00 target price (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Truist Financial lowered their target price on shares of Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $72.82.

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.