Edison International $EIX Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its position in shares of Edison International (NYSE:EIX) by 4,909.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,365 shares of the utilities provider’s stock after acquiring an additional 8,198 shares during the quarter. Meeder Asset Management Inc.’s holdings in Edison International were worth $612,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Edison International by 9.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,003,393 shares of the utilities provider’s stock worth $146,595,000 after purchasing an additional 170,716 shares during the last quarter. Balefire LLC acquired a new stake in Edison International in the first quarter valued at $227,000. Parallel Advisors LLC grew its holdings in Edison International by 6.1% in the first quarter. Parallel Advisors LLC now owns 10,528 shares of the utilities provider’s stock valued at $770,000 after purchasing an additional 601 shares during the last quarter. KBC Group NV increased its position in shares of Edison International by 461.2% in the first quarter. KBC Group NV now owns 252,371 shares of the utilities provider’s stock valued at $18,469,000 after buying an additional 207,398 shares in the last quarter. Finally, SEB Asset Management AB purchased a new position in shares of Edison International in the first quarter valued at $7,218,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

NYSE EIX opened at $77.33 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. Edison International has a fifty-two week low of $50.85 and a fifty-two week high of $79.88. The business has a fifty day moving average of $72.85 and a 200-day moving average of $69.92. The stock has a market cap of $29.76 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 6.04 and a beta of 0.66.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, analysts predict that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is currently 38.11%.

Analyst Ratings Changes

Several research firms have recently issued reports on EIX. Barclays lifted their price target on Edison International from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Truist Financial dropped 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. Wells Fargo & Company restated an “underweight” rating and set a $62.00 target price on shares of Edison International in a report on Tuesday, April 21st. Morgan Stanley restated an “underweight” rating on shares of Edison International in a research report on Wednesday, June 24th. Finally, Bank of America lowered their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $72.73.

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.