Denali Advisors LLC Purchases New Position in Edison International $EIX

Denali Advisors LLC purchased a new position in Edison International (NYSE:EIX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 28,774 shares of the utilities provider’s stock, valued at approximately $2,142,000.

A number of other hedge funds also recently bought and sold shares of the business. 10Elms LLP acquired a new stake in Edison International in the fourth quarter valued at approximately $26,000. Transamerica Financial Advisors LLC raised its stake in shares of Edison International by 170.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after buying an additional 281 shares during the period. Groupe la Francaise purchased a new position in shares of Edison International during the 1st quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Edison International during the 2nd quarter valued at approximately $30,000. Finally, Bell Investment Advisors Inc acquired a new stake in Edison International in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Trading Down 0.4%

Shares of EIX stock opened at $73.38 on Thursday. Edison International has a fifty-two week low of $52.00 and a fifty-two week high of $81.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. The stock’s fifty day moving average is $74.11 and its two-hundred day moving average is $71.89. The firm has a market capitalization of $28.24 billion, a P/E ratio of 7.57, a PEG ratio of 5.72 and a beta of 0.66.

Edison International (NYSE:EIX) last issued its earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. 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. Research analysts expect that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders 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 4.8%. The ex-dividend date was Tuesday, July 7th. Edison International’s payout ratio is currently 36.19%.

Wall Street Analyst Weigh In

Several brokerages recently commented on EIX. Truist Financial cut their price target on shares of Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a report on Tuesday, August 4th. Morgan Stanley reiterated an “underweight” rating and issued a $69.00 target price on shares of Edison International in a research report on Wednesday, July 22nd. 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. Weiss Ratings downgraded shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $72.82.

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.