United Capital Financial Advisors LLC Buys New Holdings in Edison International $EIX

United Capital Financial Advisors LLC acquired a new position in Edison International (NYSE:EIX) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,365 shares of the utilities provider’s stock, valued at approximately $1,516,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Caitlin John LLC acquired a new position in Edison International during the second quarter valued at approximately $344,000. Equitable Holdings Inc. purchased a new position in shares of Edison International in the 2nd quarter valued at $668,000. Public Employees Retirement System of Ohio acquired a new position in shares of Edison International during the 2nd quarter valued at $10,981,000. MASTERINVEST Kapitalanlage GmbH acquired a new stake in Edison International in the 2nd quarter valued at $280,000. Finally, Redwood Investment Management LLC purchased a new position in Edison International in the second quarter valued at about $886,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of EIX stock opened at $70.09 on Friday. The stock has a market capitalization of $26.97 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 5.45 and a beta of 0.66. The company’s 50-day simple moving average is $74.30 and its 200-day simple moving average is $72.35. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. Edison International has a one year low of $52.00 and a one year high of $81.62.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating 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 business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the business earned $0.97 EPS. The business’s quarterly 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 analysts anticipate that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed 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. This represents a $3.51 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Tuesday, July 7th. Edison International’s dividend payout ratio is presently 36.19%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EIX. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Argus reissued a “hold” rating on shares of Edison International in a research report on Wednesday. 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. Mizuho increased their price objective on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Morgan Stanley decreased 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. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Edison International 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.