SFE Investment Counsel Purchases New Stake in Edison International $EIX

SFE Investment Counsel acquired a new stake in shares of Edison International (NYSE:EIX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,120 shares of the utilities provider’s stock, valued at approximately $1,051,000.

Several other hedge funds also recently added to or reduced their stakes in EIX. Vanguard Group Inc. grew its stake in Edison International by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock worth $3,134,268,000 after purchasing an additional 480,726 shares in the last quarter. State Street Corp lifted 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 worth $1,989,135,000 after buying an additional 953,800 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Edison International by 69.9% during the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after buying an additional 7,521,168 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Edison International by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock worth $803,407,000 after acquiring an additional 386,905 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Edison International by 12.3% in the 4th quarter. Northern Trust Corp now owns 6,070,324 shares of the utilities provider’s stock worth $364,341,000 after acquiring an additional 662,477 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EIX has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Weiss Ratings lowered shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Morgan Stanley reissued an “underweight” rating and set a $69.00 target price on shares of Edison International in a report on Wednesday, July 22nd. Wells Fargo & Company restated an “underweight” rating and issued a $62.00 price target on shares of Edison International in a research report on Tuesday, April 21st. Finally, Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Three equities research 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. Based on data from MarketBeat.com, Edison International presently has a consensus rating of “Hold” and a consensus price target of $72.82.

Edison International Trading Up 0.9%

Shares of NYSE EIX opened at $71.35 on Friday. Edison International has a 12-month low of $52.00 and a 12-month high of $81.62. The company has a market cap of $27.46 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 5.54 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. The stock’s 50 day simple moving average is $74.02 and its 200 day simple moving average is $71.60.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the prior year, the business earned $0.97 EPS. The firm’s revenue was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts expect that Edison International will post 6.13 EPS for the current year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were given a dividend of $0.8775 per share. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.9%. Edison International’s dividend payout ratio is currently 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.