Man Group plc Invests $55.74 Million in Edison International $EIX

Man Group plc bought a new stake in shares of Edison International (NYSE:EIX) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 748,652 shares of the utilities provider’s stock, valued at approximately $55,737,000. Man Group plc owned approximately 0.19% of Edison International as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. 10Elms LLP bought a new position in Edison International during the fourth quarter worth about $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Edison International during the second quarter valued at approximately $26,000. Transamerica Financial Advisors LLC grew its stake in shares of Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 281 shares during the period. Groupe la Francaise bought a new stake in shares of Edison International in the 1st quarter valued at approximately $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Edison International in the 2nd quarter worth approximately $30,000. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

NYSE:EIX opened at $74.83 on Wednesday. Edison International has a 1 year low of $52.00 and a 1 year high of $81.62. The firm has a 50 day moving average of $74.23 and a 200-day moving average of $72.22. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $28.79 billion, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 5.74 and a beta of 0.66.

Edison International (NYSE:EIX) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.Edison International’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, sell-side analysts anticipate that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were issued a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Tuesday, July 7th. Edison International’s dividend payout ratio is presently 36.19%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EIX shares. JPMorgan Chase & Co. raised their target price on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Truist Financial lowered their price target on Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings lowered Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Barclays reissued an “equal weight” rating and set a $75.00 price objective (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Finally, Mizuho boosted their target price on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Edison International presently has a consensus rating of “Hold” and an average target price of $72.45.

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.