Gabelli Funds LLC Decreases Stock Holdings in Edison International $EIX

Gabelli Funds LLC reduced its position in shares of Edison International (NYSE:EIX) by 15.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 220,000 shares of the utilities provider’s stock after selling 39,000 shares during the quarter. Gabelli Funds LLC’s holdings in Edison International were worth $16,100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EIX. Massachusetts Financial Services Co. MA grew its stake in shares of Edison International by 5.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock worth $260,859,000 after purchasing an additional 220,785 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Edison International by 41.4% during 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 purchasing an additional 1,609,847 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in Edison International by 128.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 23,765 shares of the utilities provider’s stock valued at $1,444,000 after purchasing an additional 13,375 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in Edison International by 33.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 63,271 shares of the utilities provider’s stock worth $3,798,000 after buying an additional 15,692 shares during the period. Finally, Pinebridge Investments LLC purchased a new stake in Edison International in the 4th quarter worth approximately $46,548,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of EIX opened at $79.71 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. Edison International has a one year low of $51.01 and a one year high of $80.90. The company has a 50-day simple moving average of $73.56 and a two-hundred day simple moving average of $70.38. The firm has a market capitalization of $30.67 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 6.20 and a beta of 0.66.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the previous year, the firm posted $1.37 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts anticipate that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be given a dividend of $0.8775 per share. The ex-dividend date is Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.4%. Edison International’s payout ratio is currently 38.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EIX shares. JPMorgan Chase & Co. lifted their price objective on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Bank of America decreased their target price on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Monday, April 20th. Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company reiterated an “underweight” rating and issued a $62.00 price target on shares of Edison International in a report on Tuesday, April 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Edison International in a research report on Monday, July 13th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $72.64.

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.