44,758 Shares in Edison International $EIX Purchased by Del Sette Capital Management LLC

Del Sette Capital Management LLC acquired a new position in shares of Edison International (NYSE:EIX) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 44,758 shares of the utilities provider’s stock, valued at approximately $3,275,000. Edison International makes up about 2.0% of Del Sette Capital Management LLC’s portfolio, making the stock its 18th largest position.

Other hedge funds have also bought and sold shares of the company. 10Elms LLP bought a new position in shares of Edison International during the fourth quarter valued at approximately $26,000. Transamerica Financial Advisors LLC boosted its position in shares of Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 281 shares in the last quarter. Ransom Advisory Ltd boosted its position in shares of Edison International by 74.9% in the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 259 shares in the last quarter. Quest 10 Wealth Builders Inc. boosted its position in shares of Edison International by 866.7% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 702 shares in the last quarter. Finally, DV Equities LLC purchased a new stake in shares of Edison International in the 4th quarter worth approximately $52,000. Institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research report on Wednesday, June 24th. Bank of America cut their target price on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Wells Fargo & Company restated an “underweight” rating and set a $62.00 price target on shares of Edison International in a report on Tuesday, April 21st. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. Finally, Truist Financial dropped their price target on shares of Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $72.64.

Edison International Price Performance

Shares of EIX opened at $75.20 on Monday. Edison International has a twelve month low of $50.16 and a twelve month high of $76.39. The company has a market capitalization of $28.93 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 1.30 and a beta of 0.66. The firm has a 50 day moving average of $71.91 and a 200 day moving average of $69.20. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the firm posted $1.37 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities research analysts anticipate that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be issued a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, July 7th. Edison International’s dividend payout ratio is presently 38.11%.

Edison International 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.