Edison International (NYSE:EIX) Sees Large Growth in Short Interest

Edison International (NYSE:EIX) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 13,778,468 shares, a growth of 25.8% from the January 29th total of 10,953,559 shares. Currently, 3.6% of the company’s stock are sold short. Based on an average daily trading volume, of 3,424,387 shares, the short-interest ratio is currently 4.0 days. Based on an average daily trading volume, of 3,424,387 shares, the short-interest ratio is currently 4.0 days. Currently, 3.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Edison International

A number of hedge funds and other institutional investors have recently bought and sold shares of EIX. 10Elms LLP bought a new stake in Edison International in the fourth quarter valued at approximately $26,000. Transamerica Financial Advisors LLC raised its stake in 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 acquiring an additional 281 shares during the period. Activest Wealth Management lifted its holdings in Edison International by 677.8% during the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 488 shares during the last quarter. CVA Family Office LLC boosted its position in Edison International by 113.7% during the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 307 shares during the period. Finally, Ransom Advisory Ltd increased its holdings in shares of Edison International by 74.9% in the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 259 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on EIX. Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Mizuho set a $79.00 target price on Edison International in a report on Thursday, February 19th. JPMorgan Chase & Co. boosted their price target on Edison International from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research report on Friday, February 20th. Finally, Wells Fargo & Company lowered Edison International from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $56.00 to $59.00 in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $67.67.

Edison International Stock Performance

EIX opened at $73.89 on Thursday. The business’s 50-day simple moving average is $64.96 and its 200 day simple moving average is $59.50. Edison International has a 52-week low of $47.73 and a 52-week high of $75.50. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73. The firm has a market capitalization of $28.43 billion, a PE ratio of 6.39, a PEG ratio of 1.20 and a beta of 0.79.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.40. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.29 billion. Edison International had a return on equity of 14.87% and a net margin of 24.34%.During the same quarter in the previous year, the firm earned $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. As a group, sell-side analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be given a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International’s dividend payout ratio (DPR) is 30.36%.

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.