Csenge Advisory Group Takes Position in Edison International $EIX

Csenge Advisory Group acquired a new position in Edison International (NYSE:EIX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,092 shares of the utilities provider’s stock, valued at approximately $751,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Jones Financial Companies Lllp grew its holdings in Edison International by 112.9% during the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after purchasing an additional 5,190 shares during the period. Empowered Funds LLC raised its stake in shares of Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after buying an additional 211 shares during the period. Woodline Partners LP lifted its position in shares of Edison International by 40.7% during the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after buying an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Edison International by 153.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after buying an additional 5,290 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new position in shares of Edison International during the 2nd quarter valued at about $302,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EIX. Mizuho increased their price objective on shares of Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. lifted their target price 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. Morgan Stanley reaffirmed an “underweight” rating and issued a $69.00 target price on shares of Edison International in a report on Wednesday, July 22nd. Barclays reiterated an “equal weight” rating and issued a $75.00 price target (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Finally, Truist Financial decreased their price target on Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Edison International currently has a consensus rating of “Hold” and an average target price of $72.82.

Edison International Stock Performance

NYSE EIX opened at $73.38 on Thursday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. Edison International has a 1-year low of $52.00 and a 1-year high of $81.62. The business has a 50 day simple moving average of $74.11 and a two-hundred day simple moving average of $71.89. The stock has a market capitalization of $28.24 billion, a PE ratio of 7.57, a P/E/G ratio of 5.72 and a beta of 0.66.

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

Edison International Dividend Announcement

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

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.