EFG International AG Purchases New Stake in Edison International $EIX

EFG International AG purchased a new stake in shares of Edison International (NYSE:EIX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,366 shares of the utilities provider’s stock, valued at approximately $772,000.

Several other institutional investors also recently bought and sold shares of EIX. Canada Pension Plan Investment Board acquired a new stake in shares of Edison International in the second quarter worth $212,053,000. Ategra Capital Management LLC acquired a new position in shares of Edison International during the 2nd quarter valued at $2,749,000. Legal & General Group Plc acquired a new position in shares of Edison International during the 2nd quarter valued at $329,766,000. The Manufacturers Life Insurance Company purchased a new stake in Edison International during the 2nd quarter worth $18,790,000. Finally, Aberdeen Wealth Management LLC purchased a new stake in Edison International during the 2nd quarter worth $116,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EIX has been the topic of several research reports. Barclays reissued an “equal weight” rating and issued a $75.00 price objective (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Weiss Ratings downgraded Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Argus reiterated a “hold” rating on shares of Edison International in a research note on Wednesday. Mizuho raised their target price on Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Truist Financial reduced their price target 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. Three equities research 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. Based on data from MarketBeat, Edison International has a consensus rating of “Hold” and a consensus target price of $72.45.

Edison International Price Performance

EIX opened at $73.59 on Friday. Edison International has a twelve month low of $52.00 and a twelve month high of $81.62. The firm has a market cap of $28.32 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 5.79 and a beta of 0.66. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. The company has a fifty day simple moving average of $74.34 and a 200 day simple moving average of $72.37.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping 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 firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The firm’s revenue was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts expect that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm 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. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s payout ratio is presently 36.19%.

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.