First Trust Advisors LP Raises Stake in Edison International $EIX

First Trust Advisors LP boosted its stake in shares of Edison International (NYSE:EIX) by 10.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,603,722 shares of the utilities provider’s stock after buying an additional 245,808 shares during the quarter. First Trust Advisors LP owned approximately 0.68% of Edison International worth $143,934,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in shares of Edison International by 112.9% during the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after acquiring an additional 5,190 shares during the period. Empowered Funds LLC raised its holdings in shares of Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after purchasing an additional 211 shares during the period. Woodline Partners LP raised its holdings in shares of Edison International by 40.7% in the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after purchasing an additional 9,459 shares during the period. Sivia Capital Partners LLC lifted its stake in Edison International by 153.6% in the second quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after purchasing an additional 5,290 shares during the last quarter. Finally, Moors & Cabot Inc. bought a new position in Edison International during the second quarter valued at $244,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on EIX shares. Zacks Research downgraded Edison International from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. TD Cowen increased their price target on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. UBS Group lowered Edison International from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $70.00 to $78.00 in a report on Friday, February 13th. JPMorgan Chase & Co. boosted their price objective on Edison International from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Finally, LADENBURG THALM/SH SH reaffirmed a “sell” rating and set a $63.00 price objective on shares of Edison International in a report on Thursday. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Edison International presently has an average rating of “Hold” and a consensus target price of $68.56.

Edison International Trading Up 0.8%

NYSE:EIX opened at $71.80 on Monday. Edison International has a 1 year low of $47.73 and a 1 year high of $75.50. The stock’s fifty day moving average price is $65.43 and its two-hundred day moving average price is $59.74. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.68. The company 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 announced its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the previous 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. As a group, analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be issued a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International’s payout ratio is presently 30.36%.

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.