Edison International $EIX Holdings Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in Edison International (NYSE:EIX) by 12.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,485,044 shares of the utilities provider’s stock after purchasing an additional 382,309 shares during the quarter. Hsbc Holdings PLC’s holdings in Edison International were worth $254,937,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in EIX. Gradient Investments LLC grew its stake in shares of Edison International by 949.8% in the fourth quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock worth $15,789,000 after purchasing an additional 237,999 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Edison International by 5.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock worth $260,859,000 after purchasing an additional 220,785 shares during the period. Nordea Investment Management AB lifted its holdings in Edison International by 5.6% in the fourth quarter. Nordea Investment Management AB now owns 1,790,277 shares of the utilities provider’s stock worth $108,204,000 after purchasing an additional 94,727 shares during the period. Goldman Sachs Group Inc. grew its position in Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock valued at $329,924,000 after buying an additional 1,609,847 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in Edison International by 128.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 23,765 shares of the utilities provider’s stock valued at $1,444,000 after buying an additional 13,375 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

Shares of NYSE:EIX opened at $77.58 on Friday. The company has a market capitalization of $29.85 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 6.04 and a beta of 0.66. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The stock has a fifty day moving average of $72.71 and a 200-day moving average of $69.73. Edison International has a one year low of $50.85 and a one year high of $79.88.

Edison International (NYSE:EIX) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities analysts anticipate that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be paid a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.5%. Edison International’s dividend payout ratio (DPR) is currently 38.11%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley restated an “underweight” rating on shares of Edison International in a research report on Wednesday, June 24th. JPMorgan Chase & Co. raised their price objective 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Edison International in a report on Monday, July 13th. Barclays upped their target price on Edison International from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Edison International presently has a consensus rating of “Hold” and a consensus target price of $72.73.

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.