Corient Private Wealth LP Purchases Shares of 83,948 Edison International $EIX

Corient Private Wealth LP purchased a new stake in shares of Edison International (NYSE:EIX) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 83,948 shares of the utilities provider’s stock, valued at approximately $6,250,000.

Other large investors have also made changes to their positions in the company. 10Elms LLP purchased a new stake in shares of Edison International during the fourth quarter worth about $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in Edison International in the 2nd quarter worth approximately $26,000. Transamerica Financial Advisors LLC lifted its holdings in Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 281 shares in the last quarter. Groupe la Francaise bought a new position in Edison International in the 1st quarter worth approximately $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Edison International in the 2nd quarter worth approximately $30,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Stock Down 0.1%

Shares of EIX opened at $70.09 on Monday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. The stock has a market capitalization of $26.97 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 5.45 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 business’s 50 day simple moving average is $74.30 and its 200-day simple moving average is $72.41.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share 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 firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period last year, the firm posted $0.97 earnings per share. Edison International’s revenue for the quarter 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. As a group, equities analysts expect that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were given a dividend of $0.8775 per share. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 5.0%. Edison International’s dividend payout ratio (DPR) is 36.19%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EIX. JPMorgan Chase & Co. increased their price objective 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. Morgan Stanley lowered their target price on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a report on Friday, August 21st. Truist Financial dropped their target price on shares of Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday, August 4th. Weiss Ratings raised shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, Mizuho lifted their price target on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $72.45.

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.