Pallas Capital Advisors LLC Acquires 15,692 Shares of Edison International $EIX

Pallas Capital Advisors LLC raised its holdings in Edison International (NYSE:EIX) by 33.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,271 shares of the utilities provider’s stock after buying an additional 15,692 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Edison International were worth $3,798,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EIX. Accurate Wealth Management LLC acquired a new stake in shares of Edison International during the 4th quarter worth approximately $264,000. Capital Investment Advisors LLC lifted its position in shares of Edison International by 5.7% during the 4th quarter. Capital Investment Advisors LLC now owns 4,630 shares of the utilities provider’s stock valued at $278,000 after acquiring an additional 251 shares during the period. Mather Group LLC. boosted its stake in Edison International by 45.3% during the fourth quarter. Mather Group LLC. now owns 4,827 shares of the utilities provider’s stock worth $290,000 after acquiring an additional 1,504 shares in the last quarter. Argentarii LLC bought a new position in Edison International during the fourth quarter worth $337,000. Finally, Czech National Bank grew its holdings in Edison International by 3.8% in the fourth quarter. Czech National Bank now owns 101,477 shares of the utilities provider’s stock worth $6,091,000 after purchasing an additional 3,737 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EIX shares. Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Jefferies Financial Group cut their price objective on shares of Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. TD Cowen boosted their target price on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 20th. UBS Group downgraded Edison International from a “buy” rating to a “neutral” rating and upped their price target for the stock from $70.00 to $78.00 in a research note on Friday, February 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $69.44.

Edison International Stock Performance

EIX opened at $70.25 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92. The company’s fifty day moving average price is $68.67 and its two-hundred day moving average price is $61.42. Edison International has a 1-year low of $47.73 and a 1-year high of $75.50. The company has a market cap of $27.04 billion, a price-to-earnings ratio of 6.08, a PEG ratio of 1.14 and a beta of 0.79.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.40. The firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same period last year, the company earned $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. On average, analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be paid a dividend of $0.8775 per share. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 5.0%. Edison International’s payout ratio is 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.