NewEdge Advisors LLC Buys 11,499 Shares of Edison International $EIX

NewEdge Advisors LLC grew its stake in Edison International (NYSE:EIX) by 18.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,462 shares of the utilities provider’s stock after buying an additional 11,499 shares during the quarter. NewEdge Advisors LLC’s holdings in Edison International were worth $5,376,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Glenmede Trust Co. NA lifted its position in shares of Edison International by 0.9% during the 1st quarter. Glenmede Trust Co. NA now owns 151,663 shares of the utilities provider’s stock valued at $11,099,000 after buying an additional 1,386 shares in the last quarter. Verus Capital Partners LLC bought a new position in shares of Edison International during the 1st quarter valued at approximately $446,000. Groupe la Francaise purchased a new stake in Edison International in the 1st quarter worth approximately $29,000. Western Wealth Management LLC bought a new stake in Edison International during the 1st quarter worth approximately $867,000. Finally, Kentucky Retirement Systems raised its stake in Edison International by 12.4% during the 1st quarter. Kentucky Retirement Systems now owns 26,899 shares of the utilities provider’s stock worth $1,968,000 after acquiring an additional 2,970 shares during the period. Institutional investors own 88.95% of the company’s stock.

Edison International Trading Up 3.0%

Shares of Edison International stock opened at $69.83 on Wednesday. The firm has a market cap of $26.87 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 5.27 and a beta of 0.66. The business has a 50-day moving average price of $74.12 and a 200-day moving average price of $71.47. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. Edison International has a twelve month low of $52.00 and a twelve month high of $81.62.

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

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were issued a $0.8775 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.0%. Edison International’s dividend payout ratio (DPR) is 36.19%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wells Fargo & Company reiterated an “underweight” rating and issued a $62.00 price target on shares of Edison International in a research report on Tuesday, April 21st. Bank of America cut their price target on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Seaport Research Partners downgraded Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Edison International in a research report on Monday, July 13th. Finally, Morgan Stanley reissued an “underweight” rating and set a $69.00 target price on shares of Edison International in a research note on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Edison International currently has an average rating of “Hold” and a consensus 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.