Csenge Advisory Group Takes Position in Edison International $EIX

Csenge Advisory Group purchased a new stake in Edison International (NYSE:EIX) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,092 shares of the utilities provider’s stock, valued at approximately $751,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. West Family Investments Inc. purchased a new stake in Edison International during the second quarter valued at approximately $347,000. Denali Advisors LLC purchased a new position in shares of Edison International in the 2nd quarter worth approximately $2,142,000. Great Lakes Advisors LLC purchased a new position in shares of Edison International in the 2nd quarter worth approximately $2,173,000. Danske Bank A S bought a new position in shares of Edison International during the 2nd quarter valued at approximately $441,000. Finally, Diversify Advisory Services LLC bought a new stake in Edison International in the second quarter worth $346,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

EIX has been the topic of a number of analyst reports. Morgan Stanley reiterated an “underweight” rating and set a $69.00 price objective on shares of Edison International in a research report on Wednesday, July 22nd. 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. Truist Financial dropped their price target on shares of Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a research note on Tuesday, August 4th. JPMorgan Chase & Co. upped their price target on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Finally, Weiss Ratings lowered shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $72.82.

Edison International Stock Down 0.4%

NYSE:EIX opened at $73.38 on Thursday. Edison International has a twelve month low of $52.00 and a twelve month high of $81.62. The company has a market cap of $28.24 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 5.72 and a beta of 0.66. The stock has a fifty day simple moving average of $74.11 and a 200-day simple moving average of $71.89. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95.

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

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were given a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend 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.