Odyssean LLC Purchases Shares of 11,205 Edison International $EIX

Odyssean LLC purchased a new position in Edison International (NYSE:EIX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,205 shares of the utilities provider’s stock, valued at approximately $834,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Edison International by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock valued at $3,134,268,000 after buying an additional 480,726 shares in the last quarter. BlackRock Inc. bought a new position in Edison International in the 2nd quarter worth $3,340,412,000. State Street Corp increased its stake in Edison International by 3.0% in the 4th quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock worth $1,989,135,000 after buying an additional 953,800 shares in the last quarter. AQR Capital Management LLC increased its stake in Edison International by 69.9% in the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after buying an additional 7,521,168 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Edison International by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock valued at $803,407,000 after acquiring an additional 386,905 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EIX has been the subject of a number of recent analyst reports. Weiss Ratings lowered Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. 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 note on Friday, July 31st. Mizuho boosted their price target on Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Argus restated a “hold” rating on shares of Edison International in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $72.45.

Edison International Stock Performance

NYSE EIX opened at $74.69 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. Edison International has a 1-year low of $52.00 and a 1-year high of $81.62. The business has a 50 day simple moving average of $74.30 and a two-hundred day simple moving average of $72.30. The stock has a market capitalization of $28.74 billion, a PE ratio of 7.70, a P/E/G ratio of 5.81 and a beta of 0.66.

Edison International (NYSE:EIX) last issued its quarterly earnings data 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 business 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 company’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts predict 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 was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were paid a dividend of $0.8775 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.7%. Edison International’s dividend payout ratio is presently 36.19%.

Edison International Company 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.