Edison International (NYSE:EIX) Sees Significant Drop in Short Interest

Edison International (NYSE:EIX) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 10,712,456 shares, a drop of 20.4% from the February 26th total of 13,457,804 shares. Approximately 2.8% of the company’s stock are sold short. Based on an average daily volume of 3,870,021 shares, the short-interest ratio is currently 2.8 days.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Barclays lifted their target price on shares of Edison International from $67.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a research note on Friday, February 20th. Jefferies Financial Group decreased their target price on Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Finally, UBS Group cut shares of Edison International from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $70.00 to $78.00 in a research note on Friday, February 13th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $69.44.

Institutional Investors Weigh In On Edison International

Several hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Edison International by 169.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock worth $6,901,000 after acquiring an additional 78,531 shares during the period. Versor Investments LP raised its position in Edison International by 55.0% in the third quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock worth $2,865,000 after purchasing an additional 18,381 shares in the last quarter. Nordea Investment Management AB lifted its stake in Edison International by 1.7% during the third quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock worth $92,984,000 after purchasing an additional 28,586 shares during the period. Convergence Investment Partners LLC lifted its stake in Edison International by 67.6% during the third quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock worth $1,494,000 after purchasing an additional 10,901 shares during the period. Finally, Krilogy Financial LLC boosted its holdings in Edison International by 141.8% during the third quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock valued at $1,705,000 after purchasing an additional 17,616 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

NYSE:EIX traded up $0.07 during mid-day trading on Wednesday, hitting $73.25. 955,616 shares of the company’s stock traded hands, compared to its average volume of 3,402,609. The firm has a market capitalization of $28.20 billion, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 1.16 and a beta of 0.79. The firm has a 50 day moving average of $69.12 and a two-hundred day moving average of $61.69. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92. Edison International has a 12 month low of $47.73 and a 12 month high of $75.50.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the business posted $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. On average, equities analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be given a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, April 7th. Edison International’s dividend payout ratio (DPR) is currently 30.36%.

Edison International Company 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.