Hsbc Holdings PLC Purchases New Stake in Edison International $EIX

Hsbc Holdings PLC acquired a new position in Edison International (NYSE:EIX) during the 2nd quarter, HoldingsChannel reports. The fund acquired 3,507,101 shares of the utilities provider’s stock, valued at approximately $261,275,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. 10Elms LLP bought a new stake in shares of Edison International in the fourth quarter valued at approximately $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in Edison International in the 2nd quarter valued at approximately $26,000. Transamerica Financial Advisors LLC lifted its holdings in 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 purchasing an additional 281 shares in the last quarter. Groupe la Francaise purchased a new stake in Edison International during the 1st quarter worth about $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Edison International in the 2nd quarter worth about $30,000. 88.95% of the stock is owned by institutional investors.

Edison International Stock Up 1.2%

NYSE EIX opened at $74.83 on Wednesday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. The stock has a market capitalization of $28.79 billion, a PE ratio of 7.71, a PEG ratio of 5.74 and a beta of 0.66. Edison International has a 1 year low of $52.00 and a 1 year high of $81.62. The business’s 50-day moving average is $74.23 and its 200 day moving average is $72.22.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, topping the consensus estimate 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 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 quarter last year, the business posted $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Sell-side analysts forecast that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

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 dividend of $0.8775 per share. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.7%. Edison International’s dividend payout ratio is 36.19%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EIX shares. JPMorgan Chase & Co. upped 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 decreased their target price on shares of Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a report on Tuesday, August 4th. Barclays restated an “equal weight” rating and set a $75.00 price target (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Morgan Stanley dropped their price objective on Edison International from $69.00 to $65.00 and set an “underweight” rating for the company in a research note on Friday, August 21st. Finally, Weiss Ratings cut Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $72.45.

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.