First Citizens Bank & Trust Co. Purchases New Shares in Edison International $EIX

First Citizens Bank & Trust Co. purchased a new position in Edison International (NYSE:EIX) during the first quarter, Holdings Channel.com reports. The firm purchased 28,188 shares of the utilities provider’s stock, valued at approximately $2,063,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Edison International by 5.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock valued at $260,859,000 after buying an additional 220,785 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after acquiring an additional 1,609,847 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in Edison International by 128.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 23,765 shares of the utilities provider’s stock worth $1,444,000 after acquiring an additional 13,375 shares during the period. Pallas Capital Advisors LLC boosted its position in Edison International by 33.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 63,271 shares of the utilities provider’s stock worth $3,798,000 after acquiring an additional 15,692 shares during the period. Finally, Pinebridge Investments LLC purchased a new position in Edison International during the 4th quarter valued at about $46,548,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Price Performance

NYSE EIX opened at $80.45 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $30.96 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 6.07 and a beta of 0.66. The company has a 50 day moving average price of $73.18 and a two-hundred day moving average price of $70.19. Edison International has a 12-month low of $51.01 and a 12-month high of $80.90.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the prior year, the business posted $1.37 EPS. Edison International’s quarterly revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities analysts predict 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 will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be issued a $0.8775 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.4%. Edison International’s dividend payout ratio is currently 38.11%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Bank of America decreased their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Monday, April 20th. Morgan Stanley reaffirmed an “underweight” rating and set a $69.00 price objective on shares of Edison International in a research report on Wednesday. Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Edison International in a research report on Monday, July 13th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $72.64.

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.