Sigma Planning Corp Acquires 14,728 Shares of Edison International $EIX

Sigma Planning Corp raised its holdings in shares of Edison International (NYSE:EIX) by 105.9% in the second quarter, Holdings Channel reports. The institutional investor owned 28,634 shares of the utilities provider’s stock after acquiring an additional 14,728 shares during the period. Sigma Planning Corp’s holdings in Edison International were worth $2,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EIX. Jones Financial Companies Lllp increased its stake in shares of Edison International by 112.9% in the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock worth $577,000 after purchasing an additional 5,190 shares in the last quarter. Empowered Funds LLC lifted 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 valued at $523,000 after purchasing an additional 211 shares in the last quarter. Woodline Partners LP grew its holdings in Edison International by 40.7% during the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after purchasing an additional 9,459 shares during the period. Sivia Capital Partners LLC grew its holdings in Edison International by 153.6% during the second quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after purchasing an additional 5,290 shares during the period. Finally, Baird Financial Group Inc. purchased a new stake in Edison International in the second quarter worth about $302,000. 88.95% of the stock is currently owned by institutional investors.

Edison International Stock Down 23.0%

NYSE EIX opened at $54.05 on Tuesday. Edison International has a 12 month low of $52.00 and a 12 month high of $81.62. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. The stock has a market cap of $20.80 billion, a PE ratio of 5.57, a P/E/G ratio of 5.45 and a beta of 0.66. The stock’s 50 day moving average is $73.94 and its 200 day moving average is $72.33.

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

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were issued a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s dividend payout ratio is 36.19%.

Wall Street Analysts Forecast Growth

EIX has been the topic of a number of analyst reports. Mizuho reaffirmed a “neutral” rating and set a $70.00 price objective (down from $86.00) on shares of Edison International in a research report on Monday. Barclays restated 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. Weiss Ratings raised shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Finally, Truist Financial reduced their price objective 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. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $71.00.

Edison International News Roundup

Here are the key news stories impacting Edison International this week:

• Neutral Sentiment: Southern California Edison (SCE), Edison International’s utility subsidiary, called for comprehensive wildfire reform. The request could support longer-term regulatory clarity, but it also highlights the continuing uncertainty surrounding wildfire-cost allocation. Edison International Stock Plunges As SCE Calls For Comprehensive Wildfire Reform
• Neutral Sentiment: Some retail investors characterized the selloff as an overreaction, but Wall Street analysts warned that the legislation could leave EIX exposed to potentially significant wildfire liabilities. PCG, EIX Stocks Crash as Wall Street Warns of Liability Exposure
• Negative Sentiment: The amended wildfire bill reportedly keeps investor-owned utilities financially responsible if their equipment is found to have caused a wildfire. Investors are concerned that uncapped claims could pressure Edison International’s cash flow, balance sheet and credit ratings, while increasing the risk of future capital needs. California Wildfire Bill Omits Liability Cap
• Negative Sentiment: The liability concerns triggered one of EIX’s steepest single-day declines in decades and drove unusually heavy trading as investors reassessed the company’s wildfire risk. Edison Stock Craters in Worst Day Since 2001
• Negative Sentiment: Mizuho reaffirmed a “neutral” rating but reduced its price target to $70 from $86, reflecting a more cautious valuation outlook after the legislative development. Mizuho Edison International Analyst Rating

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.