Vise Technologies Inc. Acquires New Stake in Edison International $EIX

Vise Technologies Inc. acquired a new stake in shares of Edison International (NYSE:EIX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 25,522 shares of the utilities provider’s stock, valued at approximately $1,900,000.

Other hedge funds have also added to or reduced their stakes in the company. 10Elms LLP bought a new position in shares of Edison International during the fourth quarter valued at $26,000. Edmond DE Rothschild Holding S.A. bought a new position in Edison International in the 2nd quarter worth about $26,000. Transamerica Financial Advisors LLC grew its position 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 last quarter. Groupe la Francaise purchased a new stake in Edison International during the 1st quarter valued at about $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in Edison International during the 2nd quarter valued at about $30,000. 88.95% of the stock is owned by institutional investors.

Edison International Price Performance

EIX opened at $71.51 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. The stock has a market capitalization of $27.52 billion, a P/E ratio of 7.37, a P/E/G ratio of 5.80 and a beta of 0.66. The company’s 50-day simple moving average is $74.13 and its two-hundred day simple moving average is $71.97. Edison International has a 52-week low of $52.00 and a 52-week high of $81.62.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the firm posted $0.97 EPS. The business’s quarterly revenue 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. As a group, analysts predict that Edison International will post 6.13 EPS for the current year.

Edison International Announces Dividend

The business 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 was Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.9%. Edison International’s dividend payout ratio (DPR) is currently 36.19%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EIX shares. Truist Financial decreased their target price on shares of Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a report on Tuesday, August 4th. JPMorgan Chase & Co. raised their price target on shares of 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 report on Wednesday, August 12th. Mizuho upped their price objective on Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Barclays reaffirmed an “equal weight” rating and issued a $75.00 price objective (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Three equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $72.45.

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.