64,427 Shares in Edison International $EIX Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp acquired a new position in shares of Edison International (NYSE:EIX) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 64,427 shares of the utilities provider’s stock, valued at approximately $4,797,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC boosted its stake in shares of Edison International by 4.7% during the 2nd quarter. Avior Wealth Management LLC now owns 2,956 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 134 shares during the period. Equitable Trust Co. raised its position in Edison International by 0.8% in the 1st quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider’s stock worth $1,435,000 after purchasing an additional 148 shares during the period. Altshuler Shaham Ltd raised its position 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 during the period. UMB Bank n.a. lifted its stake in Edison International by 5.3% in the fourth quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock worth $190,000 after purchasing an additional 159 shares during the last quarter. Finally, Paladin Wealth LLC lifted its stake in Edison International by 6.3% in the second quarter. Paladin Wealth LLC now owns 3,035 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

EIX has been the topic of a number of analyst reports. Mizuho upped their target price on Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. 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. Morgan Stanley reduced their target price on Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a research note on Friday. Truist Financial decreased their target price on Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $72.45.

Edison International Stock Up 3.3%

Edison International stock opened at $73.97 on Tuesday. The business has a fifty day moving average of $74.17 and a two-hundred day moving average of $72.14. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. The firm has a market cap of $28.46 billion, a P/E ratio of 7.63, a P/E/G ratio of 5.56 and a beta of 0.66. Edison International has a twelve month low of $52.00 and a twelve month high of $81.62.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating 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 business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts forecast that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were paid a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 4.7%. The ex-dividend date was Tuesday, July 7th. Edison International’s payout ratio is 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.