Edison International (NYSE:EIX) Short Interest Down 20.4% in March

Edison International (NYSE:EIX) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 10,712,456 shares, a decline of 20.4% from the February 26th total of 13,457,804 shares. Based on an average trading volume of 3,870,021 shares, the short-interest ratio is currently 2.8 days. Currently, 2.8% of the shares of the company are short sold.

Edison International Stock Down 0.1%

EIX stock opened at $70.25 on Monday. The company has a market cap of $27.04 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 1.14 and a beta of 0.79. The business has a 50-day simple moving average of $68.67 and a 200 day simple moving average of $61.46. 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.

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, topping 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 for the quarter, compared to the consensus estimate of $4.29 billion. 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. Sell-side analysts anticipate that Edison International will post 4.95 EPS 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. Shareholders of record on Tuesday, April 7th will be given a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, April 7th. Edison International’s payout ratio is currently 30.36%.

Institutional Investors Weigh In On Edison International

A number of large investors have recently modified their holdings of EIX. J. Derek Lewis & Associates Inc. acquired a new position in shares of Edison International during the 4th quarter worth $659,000. Hsbc Holdings PLC boosted its stake in Edison International by 2.2% in the fourth quarter. Hsbc Holdings PLC now owns 3,102,735 shares of the utilities provider’s stock valued at $186,305,000 after buying an additional 66,680 shares in the last quarter. Stance Capital LLC grew its position in Edison International by 7,860.5% in the fourth quarter. Stance Capital LLC now owns 55,246 shares of the utilities provider’s stock valued at $3,316,000 after acquiring an additional 54,552 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Edison International by 12.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 22,719 shares of the utilities provider’s stock valued at $1,364,000 after acquiring an additional 2,518 shares during the last quarter. Finally, World Investment Advisors acquired a new position in Edison International during the fourth quarter worth about $232,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on EIX shares. Wall Street Zen cut Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Barclays increased their price objective on Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Jefferies Financial Group reduced their target price on shares of Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. TD Cowen raised their price target on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $69.44.

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.