Focus Partners Advisor Solutions LLC Has $2.35 Million Stake in Edison International $EIX

Focus Partners Advisor Solutions LLC lifted its position in shares of Edison International (NYSE:EIX) by 26.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,438 shares of the utilities provider’s stock after buying an additional 8,623 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Edison International were worth $2,347,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EIX. Vanguard Group Inc. lifted its stake in Edison International by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 51,739,673 shares of the utilities provider’s stock valued at $2,860,169,000 after acquiring an additional 269,556 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Edison International by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 12,136,256 shares of the utilities provider’s stock worth $638,576,000 after acquiring an additional 407,039 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Edison International by 83.5% in the second quarter. AQR Capital Management LLC now owns 9,962,902 shares of the utilities provider’s stock valued at $510,649,000 after purchasing an additional 4,534,864 shares during the last quarter. Invesco Ltd. lifted its position in shares of Edison International by 10.8% in the second quarter. Invesco Ltd. now owns 6,392,459 shares of the utilities provider’s stock worth $329,851,000 after purchasing an additional 621,924 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Edison International by 11.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,593,002 shares of the utilities provider’s stock worth $288,599,000 after purchasing an additional 562,991 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EIX has been the topic of several recent research reports. Zacks Research lowered shares of Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. JPMorgan Chase & Co. raised their price objective on Edison International from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research report on Monday, December 29th. Mizuho set a $79.00 price target on Edison International in a research report on Thursday, February 19th. Finally, Morgan Stanley restated an “underweight” rating on shares of Edison International in a research note on Friday, February 20th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $67.67.

Edison International Stock Up 0.0%

Edison International stock opened at $73.89 on Thursday. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.68. The company’s 50-day moving average is $64.96 and its 200-day moving average is $59.50. The firm has a market capitalization of $28.43 billion, a PE ratio of 6.39, a P/E/G ratio of 1.20 and a beta of 0.79. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $75.50.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.40. The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a return on equity of 14.87% and a net margin of 24.34%.During the same quarter last year, the company posted $1.05 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. Sell-side analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be issued a dividend of $0.8775 per share. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.8%. Edison International’s payout ratio is presently 30.36%.

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.