Western Wealth Management LLC Acquires Shares of 11,943 Edison International $EIX

Western Wealth Management LLC acquired a new position in shares of Edison International (NYSE:EIX) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 11,943 shares of the utilities provider’s stock, valued at approximately $889,000.

Several other hedge funds have also recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its stake in shares of Edison International by 112.9% during the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after buying an additional 5,190 shares during the period. Empowered Funds LLC boosted its position in Edison International by 2.4% during the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after acquiring an additional 211 shares during the last quarter. Woodline Partners LP grew its stake in Edison International by 40.7% in the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after acquiring an additional 9,459 shares during the period. Sivia Capital Partners LLC grew its stake in Edison International by 153.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock worth $451,000 after acquiring an additional 5,290 shares during the period. Finally, Baird Financial Group Inc. acquired a new position in Edison International in the 2nd quarter valued at $302,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Weiss Ratings lowered Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Truist Financial lowered their price objective on Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday, August 4th. Morgan Stanley reduced their target price on Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a research report on Friday, August 21st. JPMorgan Chase & Co. raised their price target on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Finally, Barclays restated an “equal weight” rating and issued a $75.00 price target (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.45.

Edison International Stock Performance

NYSE:EIX opened at $74.83 on Wednesday. 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 firm has a 50-day moving average of $74.23 and a two-hundred day moving average of $72.22. The stock has a market cap of $28.79 billion, a P/E ratio of 7.71, a PEG ratio of 5.74 and a beta of 0.66. Edison International has a 1-year low of $52.00 and a 1-year high of $81.62.

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

Edison International Dividend Announcement

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 4.7%. The ex-dividend date was Tuesday, July 7th. Edison International’s dividend payout ratio is 36.19%.

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.