Barclays PLC Has $75.78 Million Stake in Edison International $EIX

Barclays PLC increased its position in shares of Edison International (NYSE:EIX) by 16.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,370,776 shares of the utilities provider’s stock after acquiring an additional 197,100 shares during the period. Barclays PLC owned about 0.36% of Edison International worth $75,776,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management grew its holdings in shares of Edison International by 677.8% during the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 488 shares during the last quarter. CVA Family Office LLC raised its holdings in Edison International by 113.7% in the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after buying an additional 307 shares during the last quarter. Laurel Wealth Advisors LLC raised its holdings in Edison International by 5,064.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock valued at $37,000 after buying an additional 709 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in Edison International during the 2nd quarter worth approximately $38,000. Finally, Quent Capital LLC acquired a new stake in Edison International during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Trading Up 0.8%

NYSE:EIX opened at $71.80 on Monday. The firm’s fifty day moving average is $65.43 and its 200-day moving average is $59.74. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73. Edison International has a 52 week low of $47.73 and a 52 week high of $75.50. The firm has a market cap of $27.63 billion, a P/E ratio of 6.21, a P/E/G ratio of 1.16 and a beta of 0.79.

Edison International (NYSE:EIX) last posted its quarterly earnings data 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 company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same period in the prior year, the company posted $1.05 earnings per share. 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. Equities analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.9%. Edison International’s dividend payout ratio (DPR) is 30.36%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wells Fargo & Company cut shares of Edison International from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $56.00 to $59.00 in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Zacks Research cut shares of Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. JPMorgan Chase & Co. increased their price objective on Edison International from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, Mizuho set a $79.00 target price on Edison International in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Edison International currently has a consensus rating of “Hold” and an average target price of $68.56.

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.