14,120 Shares in Edison International $EIX Acquired by SFE Investment Counsel

SFE Investment Counsel bought a new stake in Edison International (NYSE:EIX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,120 shares of the utilities provider’s stock, valued at approximately $1,051,000.

Several other hedge funds have also recently added to or reduced their stakes in EIX. Groupe la Francaise bought a new position in shares of Edison International in the first quarter worth $29,000. 10Elms LLP bought a new stake in shares of Edison International during the fourth quarter valued at about $26,000. Transamerica Financial Advisors LLC raised its stake in shares of Edison International by 170.3% during the fourth 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 in the last quarter. Altshuler Shaham Ltd lifted its holdings in Edison International by 36.6% in the first 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. Finally, Quest 10 Wealth Builders Inc. lifted its holdings in Edison International by 866.7% in the fourth 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 during the period. Institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on EIX. Mizuho raised their target price on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings cut Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Seaport Research Partners downgraded Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company restated an “underweight” rating and issued a $62.00 price objective on shares of Edison International in a report on Tuesday, April 21st. Finally, 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 note on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $72.82.

Edison International Trading Up 0.9%

Shares of NYSE:EIX opened at $71.35 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 $27.46 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 5.54 and a beta of 0.66. Edison International has a 1-year low of $52.00 and a 1-year high of $81.62. The company has a 50 day moving average price of $74.02 and a 200 day moving average price of $71.60.

Edison International (NYSE:EIX) last posted its quarterly 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. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the prior year, the company earned $0.97 earnings per share. The firm’s 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. On average, research analysts anticipate that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were given a dividend of $0.8775 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.9%. Edison International’s payout ratio is 36.19%.

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.