Osmosis Investment Management UK Ltd Invests $5.25 Million in Edison International $EIX

Osmosis Investment Management UK Ltd acquired a new position in shares of Edison International (NYSE:EIX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 70,479 shares of the utilities provider’s stock, valued at approximately $5,247,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EIX. Allworth Financial LP bought a new stake in Edison International in the second quarter worth approximately $2,586,000. Goldman Sachs Group Inc. lifted its stake in shares of Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock valued at $329,924,000 after purchasing an additional 1,609,847 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Edison International in the 1st quarter valued at $1,503,000. Chicago Partners Investment Group LLC lifted its stake in shares of Edison International by 128.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 23,765 shares of the utilities provider’s stock valued at $1,444,000 after purchasing an additional 13,375 shares during the last quarter. Finally, Del Sette Capital Management LLC bought a new stake in Edison International in the first quarter worth $3,275,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EIX. Truist Financial cut their target price on Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a report on Tuesday, August 4th. Weiss Ratings lowered Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. raised their price objective on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Barclays reaffirmed an “equal weight” rating and set a $75.00 target price (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Finally, Mizuho increased their price target on Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Edison International currently has an average rating of “Hold” and an average price target of $72.45.

Edison International Stock Performance

NYSE:EIX opened at $71.51 on Monday. The firm’s 50-day moving average is $74.13 and its 200-day moving average is $72.05. Edison International has a 52-week low of $52.00 and a 52-week high of $81.62. 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 company has a market cap of $27.52 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 5.56 and a beta of 0.66.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. The firm’s revenue for the quarter 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 research analysts anticipate that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The company 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. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.9%. Edison International’s dividend payout ratio (DPR) is currently 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.