Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in Edison International $EIX

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Edison International (NYSE:EIX) during the second quarter, HoldingsChannel reports. The fund purchased 926,545 shares of the utilities provider’s stock, valued at approximately $68,981,000.

Other large investors have also made changes to their positions in the company. 10Elms LLP bought a new position in shares of Edison International in the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC raised its stake in Edison International by 170.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 281 shares during the period. Groupe la Francaise bought a new stake in Edison International during the 1st quarter valued at approximately $29,000. Bell Investment Advisors Inc bought a new stake in Edison International during the 2nd quarter valued at approximately $31,000. Finally, Altshuler Shaham Ltd lifted its holdings in Edison International by 36.6% in the 1st quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 155 shares in the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on EIX shares. Morgan Stanley restated an “underweight” rating and issued a $69.00 price target on shares of Edison International in a research note on Wednesday, July 22nd. Weiss Ratings cut shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Truist Financial lowered 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 reissued an “equal weight” rating and issued a $75.00 target price (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Finally, Mizuho raised their target price on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Edison International currently has a consensus rating of “Hold” and a consensus price target of $72.82.

Edison International Price Performance

NYSE:EIX opened at $73.38 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $28.24 billion, a P/E ratio of 7.57, a P/E/G ratio of 5.72 and a beta of 0.66. Edison International has a 12 month low of $52.00 and a 12 month high of $81.62. The business’s 50-day moving average is $74.11 and its 200 day moving average is $71.89.

Edison International (NYSE:EIX) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter last year, the business posted $0.97 EPS. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts forecast that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were issued a $0.8775 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.8%. Edison International’s dividend payout ratio (DPR) is 36.19%.

Edison International 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.