Public Employees Retirement System of Ohio Invests $10.98 Million in Edison International $EIX

Public Employees Retirement System of Ohio purchased a new stake in Edison International (NYSE:EIX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 147,500 shares of the utilities provider’s stock, valued at approximately $10,981,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EIX. BlackRock Inc. purchased a new stake in Edison International during the 2nd quarter worth about $3,340,412,000. State Street Corp grew its holdings in Edison International by 3.0% during the 4th quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock valued at $1,989,135,000 after buying an additional 953,800 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Edison International by 69.9% during the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after buying an additional 7,521,168 shares during the period. Geode Capital Management LLC increased its position in shares of Edison International by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock valued at $803,407,000 after buying an additional 386,905 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Edison International by 12.3% in the fourth quarter. Northern Trust Corp now owns 6,070,324 shares of the utilities provider’s stock worth $364,341,000 after buying an additional 662,477 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Stock Performance

Shares of NYSE EIX opened at $54.05 on Tuesday. The stock has a market cap of $20.80 billion, a price-to-earnings ratio of 5.57, a P/E/G ratio of 5.45 and a beta of 0.66. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. Edison International has a 1-year low of $52.00 and a 1-year high of $81.62. The stock’s 50-day moving average is $73.94 and its 200 day moving average is $72.33.

Edison International (NYSE:EIX) last released its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The company 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%.Edison International’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, sell-side analysts anticipate that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were issued a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Tuesday, July 7th. Edison International’s payout ratio is presently 36.19%.

Key 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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Truist Financial cut their price objective on shares of Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday, August 4th. JPMorgan Chase & Co. upped their target price on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Morgan Stanley lowered their target price on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a research note on Friday, August 21st. Argus reissued a “hold” rating on shares of Edison International in a report on Wednesday, August 26th. Finally, Weiss Ratings upgraded shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Edison International presently has an average rating of “Hold” and a consensus price target of $71.00.

Edison International Company 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.