IPG Investment Advisors LLC Acquires Shares of 25,060 Edison International $EIX

IPG Investment Advisors LLC bought a new position in Edison International (NYSE:EIX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 25,060 shares of the utilities provider’s stock, valued at approximately $1,866,000.

Other large investors have also made changes to their positions in the company. 10Elms LLP purchased a new stake in shares of Edison International in the 4th quarter valued at approximately $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in Edison International during the 2nd quarter worth approximately $26,000. Transamerica Financial Advisors LLC raised its stake in Edison International by 170.3% during 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 acquired a new stake in Edison International during the 1st quarter valued at $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Edison International in the second quarter valued at $30,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays reiterated an “equal weight” rating and set a $75.00 price target (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Morgan Stanley dropped their target price on Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a report on Friday, August 21st. Mizuho reissued a “neutral” rating and issued a $70.00 price target (down from $86.00) on shares of Edison International in a research report on Monday, August 31st. UBS Group lowered their price objective on shares of Edison International from $75.00 to $63.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 1st. Finally, JPMorgan Chase & Co. cut their target price on shares of Edison International from $82.00 to $61.00 and set a “neutral” rating for the company in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Buy rating, nine have assigned 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 “Reduce” and a consensus price target of $64.55.

Edison International Trading Down 3.2%

NYSE:EIX opened at $57.45 on Thursday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. The company has a market capitalization of $22.11 billion, a P/E ratio of 5.92, a P/E/G ratio of 2.39 and a beta of 0.62. The stock’s 50 day moving average price is $71.54 and its 200 day moving average price is $71.68. Edison International has a 52 week low of $52.00 and a 52 week high of $81.62.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts forecast that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were issued a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 6.1%. The ex-dividend date was Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is 36.19%.

About Edison International

Edison International (NYSE: EIX) is a holding company focused on electric power generation, transmission and distribution, as well as clean-energy solutions. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that delivers electricity to residential, commercial, industrial and public-sector customers.

SCE operates one of the largest electric utility systems in the United States, serving communities across central, coastal and Southern California.