Edison International $EIX Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in shares of Edison International (NYSE:EIX) by 5.9% during the first quarter, HoldingsChannel.com reports. The firm owned 471,984 shares of the utilities provider’s stock after purchasing an additional 26,224 shares during the period. Principal Financial Group Inc.’s holdings in Edison International were worth $34,540,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. 10Elms LLP purchased a new stake in shares of Edison International in the fourth quarter valued at approximately $26,000. Transamerica Financial Advisors LLC grew its stake in Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 281 shares during the period. Ransom Advisory Ltd grew its stake in Edison International by 74.9% in the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 259 shares during the period. Quest 10 Wealth Builders Inc. increased its holdings in Edison International by 866.7% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 702 shares in the last quarter. Finally, DV Equities LLC purchased a new stake in Edison International in the 4th quarter worth $52,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EIX has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a report on Wednesday, June 24th. Seaport Research Partners cut shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Bank of America reduced their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $62.00 price target on shares of Edison International in a research note on Tuesday, April 21st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Edison International in a report on Monday, July 13th. Four research 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 data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $72.73.

Edison International Stock Down 0.6%

NYSE EIX opened at $77.58 on Friday. The business has a fifty day moving average price of $72.71 and a 200 day moving average price of $69.73. 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 company has a market cap of $29.85 billion, a P/E ratio of 8.42, a P/E/G ratio of 6.04 and a beta of 0.66. Edison International has a one year low of $50.85 and a one year high of $79.88.

Edison International (NYSE:EIX) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Research analysts anticipate that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Dividend Announcement

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

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.