Edison International $EIX Holdings Raised by Ascent Group LLC

Ascent Group LLC raised its stake in shares of Edison International (NYSE:EIX) by 64.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,229 shares of the utilities provider’s stock after buying an additional 13,431 shares during the period. Ascent Group LLC’s holdings in Edison International were worth $2,054,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Activest Wealth Management raised its stake in shares of Edison International by 677.8% during the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 488 shares in the last quarter. CVA Family Office LLC grew its stake in shares of 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 in the last quarter. Ransom Advisory Ltd grew its stake in shares of Edison International by 74.9% in the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after buying an additional 259 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in Edison International in the second quarter worth approximately $38,000. Finally, Quent Capital LLC bought a new position in Edison International during the third quarter valued at approximately $40,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Stock Performance

EIX opened at $73.49 on Monday. The stock’s 50 day simple moving average is $69.90 and its 200-day simple moving average is $62.07. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92. The stock has a market cap of $28.29 billion, a PE ratio of 6.36, a P/E/G ratio of 1.19 and a beta of 0.77. Edison International has a 1 year low of $47.73 and a 1 year high of $75.50.

Edison International (NYSE:EIX) last issued its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.47 by $0.40. The firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a return on equity of 14.87% and a net margin of 24.34%.During the same period last year, the business earned $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 forecast that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The business also recently disclosed 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. This represents a $3.51 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Tuesday, April 7th. Edison International’s dividend payout ratio is currently 30.36%.

Wall Street Analyst Weigh In

EIX has been the topic of a number of recent research reports. Zacks Research downgraded shares of Edison International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Jefferies Financial Group reduced their target price on Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. Barclays upped their target price on Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. JPMorgan Chase & Co. increased their price target on Edison International from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, March 18th. Finally, Mizuho set a $79.00 price target on shares of Edison International in a research report on Thursday, February 19th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Edison International has an average rating of “Hold” and an average price target 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.