11,312 Shares in Edison International $EIX Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Edison International (NYSE:EIX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,312 shares of the utilities provider’s stock, valued at approximately $842,000.

Several other large investors have also made changes to their positions in EIX. Vanguard Group Inc. lifted its stake in shares of Edison International by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock worth $3,134,268,000 after buying an additional 480,726 shares during the last quarter. BlackRock Inc. acquired a new position in Edison International during the 2nd quarter valued at about $3,340,412,000. State Street Corp boosted its position in shares of Edison International by 3.0% in the 4th quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock worth $1,989,135,000 after purchasing an additional 953,800 shares during the last quarter. AQR Capital Management LLC grew its holdings in Edison International by 69.9% during the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after purchasing an additional 7,521,168 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Edison International by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock worth $803,407,000 after purchasing an additional 386,905 shares during the period. Institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EIX. Truist Financial lowered their target price on Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 4th. Argus reissued a “hold” rating on shares of Edison International in a report on Wednesday. JPMorgan Chase & Co. raised their target price on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report 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 note on Friday, July 31st. Finally, Morgan Stanley reduced their price target on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating for the company in a research report on Friday, August 21st. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $72.45.

Edison International Trading Down 0.1%

Shares of EIX stock opened at $74.69 on Thursday. 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 capitalization of $28.74 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. The business’s fifty day moving average is $74.30 and its 200 day moving average is $72.30.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities 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 $0.8775 dividend. This represents a $3.51 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, July 7th. 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.