35,452 Shares in Edison International $EIX Purchased by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. purchased a new stake in Edison International (NYSE:EIX) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 35,452 shares of the utilities provider’s stock, valued at approximately $2,594,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its position in shares of Edison International by 112.9% during the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after buying an additional 5,190 shares during the last quarter. Empowered Funds LLC grew its holdings in Edison International by 2.4% during the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after buying an additional 211 shares in the last quarter. Woodline Partners LP raised its position in Edison International by 40.7% in the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after buying an additional 9,459 shares during the last quarter. Sivia Capital Partners LLC raised its position in Edison International by 153.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after buying an additional 5,290 shares during the last quarter. Finally, Baird Financial Group Inc. bought a new position in Edison International during the 2nd quarter valued at $302,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Ratings Changes

EIX has been the topic of a number of analyst reports. Seaport Research Partners downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Truist Financial lowered their target price on shares of Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a report on Monday, May 18th. Morgan Stanley restated an “underweight” rating on shares of Edison International in a report on Wednesday, June 24th. Bank of America reduced their price objective on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Finally, Wells Fargo & Company reiterated an “underweight” rating and issued a $62.00 price objective on shares of Edison International in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Edison International currently has a consensus rating of “Hold” and a consensus target price of $72.64.

Edison International Stock Performance

Shares of EIX opened at $75.20 on Monday. Edison International has a 1 year low of $50.16 and a 1 year high of $76.39. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. The stock’s fifty day moving average price is $71.91 and its two-hundred day moving average price is $69.20. The firm has a market cap of $28.93 billion, a PE ratio of 8.16, a PEG ratio of 1.30 and a beta of 0.66.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the firm posted $1.37 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts forecast that Edison International will post 6.12 EPS for the current year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be given a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.7%. Edison International’s payout ratio is 38.11%.

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.