Western Wealth Management LLC Takes $867,000 Position in Edison International $EIX

Western Wealth Management LLC acquired a new stake in Edison International (NYSE:EIX) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,849 shares of the utilities provider’s stock, valued at approximately $867,000.

A number of other institutional investors have also recently added to or reduced their stakes in EIX. Equitable Trust Co. increased its stake in Edison International by 0.8% in the 1st quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider’s stock valued at $1,435,000 after purchasing an additional 148 shares in the last quarter. Altshuler Shaham Ltd raised its holdings in Edison International by 36.6% during the first quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 155 shares during the last quarter. UMB Bank n.a. boosted its position in Edison International by 5.3% during the fourth quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock worth $190,000 after purchasing an additional 159 shares in the last quarter. Sterling Group Wealth Management LLC boosted its position in Edison International by 2.7% during the first quarter. Sterling Group Wealth Management LLC now owns 7,213 shares of the utilities provider’s stock worth $528,000 after purchasing an additional 190 shares in the last quarter. Finally, Huntington National Bank grew its holdings in Edison International by 6.2% in the fourth quarter. Huntington National Bank now owns 3,351 shares of the utilities provider’s stock valued at $201,000 after purchasing an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Truist Financial lowered their price objective on shares of Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research note on Tuesday, August 4th. Wells Fargo & Company reissued an “underweight” rating and issued a $62.00 price objective on shares of Edison International in a research note on Tuesday, April 21st. Mizuho raised their target price on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Weiss Ratings cut shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Edison International presently has an average rating of “Hold” and an average target price of $72.82.

Edison International Stock Performance

Edison International stock opened at $70.77 on Friday. Edison International has a fifty-two week low of $52.00 and a fifty-two week high of $81.62. The company has a market capitalization of $27.23 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 5.39 and a beta of 0.66. The stock has a fifty day moving average of $74.06 and a two-hundred day moving average of $71.60. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio 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, beating the consensus estimate of $1.18 by $0.36. The business had revenue of $4.36 billion for 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 was down 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 earnings per share. 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 announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were issued a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Tuesday, July 7th. Edison International’s dividend payout ratio is 36.19%.

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.