UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Holdings in Edison International $EIX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Edison International (NYSE:EIX) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,162,986 shares of the utilities provider’s stock after selling 145,425 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Edison International were worth $309,934,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rakuten Investment Management Inc. acquired a new stake in Edison International during the second quarter worth approximately $4,750,000. Allworth Financial LP acquired a new position in Edison International in the 2nd quarter valued at $2,586,000. Goldman Sachs Group Inc. raised its holdings in Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock valued at $329,924,000 after acquiring an additional 1,609,847 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Edison International during the 1st quarter worth $1,503,000. Finally, Del Sette Capital Management LLC purchased a new position in shares of Edison International during the 1st quarter worth $3,275,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Mizuho restated a “neutral” rating and set a $70.00 price objective (down from $86.00) on shares of Edison International in a report on Monday. 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. Truist Financial reduced their target price on Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 4th. 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, Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $71.00.

Edison International Stock Down 23.0%

Shares of EIX opened at $54.05 on Tuesday. Edison International has a fifty-two week low of $52.00 and a fifty-two week high of $81.62. The company’s fifty day moving average is $73.94 and its two-hundred day moving average is $72.33. The firm has a market cap of $20.80 billion, a PE ratio of 5.57, a price-to-earnings-growth ratio of 5.45 and a beta of 0.66. 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 (NYSE:EIX) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts forecast that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

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

More Edison International News

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

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.