AXQ Capital LP Takes Position in Edison International $EIX

AXQ Capital LP bought a new position in shares of Edison International (NYSE:EIX) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 9,829 shares of the utilities provider’s stock, valued at approximately $543,000.

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

Analyst Upgrades and Downgrades

EIX has been the subject of a number of recent research reports. Wells Fargo & Company lowered shares of Edison International from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $56.00 to $59.00 in a research note on Tuesday, January 20th. LADENBURG THALM/SH SH lifted their target price on shares of Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Wall Street Zen cut Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. UBS Group lowered shares of Edison International from a “buy” rating to a “neutral” rating and upped their price target for the company from $70.00 to $78.00 in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of Edison International from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $67.70.

Edison International Trading Up 0.7%

Shares of NYSE:EIX opened at $75.19 on Wednesday. The stock’s 50-day simple moving average is $63.25 and its two-hundred day simple moving average is $58.74. The stock has a market capitalization of $28.93 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 1.22 and a beta of 0.82. 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.

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

Edison International Dividend Announcement

The firm 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 dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Tuesday, April 7th. Edison International’s dividend payout ratio (DPR) is currently 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.