Gradient Investments LLC Raises Holdings in Edison International $EIX

Gradient Investments LLC increased its stake in shares of Edison International (NYSE:EIX) by 949.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 263,056 shares of the utilities provider’s stock after acquiring an additional 237,999 shares during the period. Gradient Investments LLC owned about 0.07% of Edison International worth $15,789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in Edison International in the 2nd quarter worth approximately $268,801,000. AQR Capital Management LLC increased its holdings in shares of Edison International by 83.5% during the 2nd quarter. AQR Capital Management LLC now owns 9,962,902 shares of the utilities provider’s stock valued at $510,649,000 after purchasing an additional 4,534,864 shares in the last quarter. Man Group plc lifted its stake in shares of Edison International by 109.6% in the 2nd quarter. Man Group plc now owns 2,314,124 shares of the utilities provider’s stock valued at $119,409,000 after purchasing an additional 1,209,964 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Edison International by 71.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,425,926 shares of the utilities provider’s stock valued at $134,105,000 after purchasing an additional 1,009,508 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Edison International by 59.0% during the third quarter. Victory Capital Management Inc. now owns 2,062,035 shares of the utilities provider’s stock worth $113,989,000 after buying an additional 765,562 shares in the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EIX. JPMorgan Chase & Co. raised their price objective on Edison International from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, March 18th. LADENBURG THALM/SH SH reissued a “sell” rating and issued a $63.00 price objective on shares of Edison International in a research note on Thursday, March 5th. Barclays upped their target price on shares of Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. UBS Group lowered shares of Edison International from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $70.00 to $78.00 in a research report on Friday, February 13th. Finally, Wells Fargo & Company downgraded shares of Edison International from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $56.00 to $59.00 in a report on Tuesday, January 20th. Three equities research 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’s stock. According to MarketBeat, Edison International currently has a consensus rating of “Hold” and an average target price of $69.44.

Edison International Stock Down 3.1%

Shares of EIX opened at $69.68 on Monday. Edison International has a 52-week low of $47.73 and a 52-week high of $75.50. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The stock has a fifty day simple moving average of $67.71 and a two-hundred day simple moving average of $60.89. The company has a market capitalization of $26.82 billion, a PE ratio of 6.03, a price-to-earnings-growth ratio of 1.13 and a beta of 0.79.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the firm 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. As a group, equities analysts forecast that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be paid 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 5.0%. Edison International’s dividend payout ratio is 30.36%.

Edison International 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.