Proficio Capital Partners LLC Acquires New Position in Edison International $EIX

Proficio Capital Partners LLC bought a new position in shares of Edison International (NYSE:EIX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,312 shares of the utilities provider’s stock, valued at approximately $842,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Edison International during the 2nd quarter worth approximately $3,340,412,000. AQR Capital Management LLC raised its position in Edison International by 69.9% in 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 purchasing an additional 7,521,168 shares during the period. Norges Bank bought a new stake in shares of Edison International during the 4th quarter worth approximately $339,311,000. Legal & General Group Plc bought a new stake in shares of Edison International during the second quarter worth $329,766,000. Finally, Bank of New York Mellon Corp purchased a new stake in Edison International in the 2nd quarter valued at about $309,361,000. 88.95% of the stock is currently owned by institutional investors.

Edison International Trading Down 0.1%

EIX opened at $74.69 on Thursday. Edison International has a 52 week low of $52.00 and a 52 week high of $81.62. The business has a fifty day simple moving average of $74.30 and a 200-day simple moving average of $72.30. The firm has a market cap of $28.74 billion, a P/E ratio of 7.70, a P/E/G ratio of 5.81 and a beta of 0.66. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95.

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

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were given a $0.8775 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.7%. Edison International’s dividend payout ratio (DPR) is currently 36.19%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays restated an “equal weight” rating and issued a $75.00 price target (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Morgan Stanley lowered their target price on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating for the company in a research note on Friday, August 21st. Argus reissued a “hold” rating on shares of Edison International in a report on Wednesday. Mizuho raised their target price on shares of Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. upped their price objective on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average 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.