44 Wealth Management LLC Acquires New Shares in Edison International $EIX

44 Wealth Management LLC bought a new stake in Edison International (NYSE:EIX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,597 shares of the utilities provider’s stock, valued at approximately $475,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Diligent Investors LLC increased its holdings in Edison International by 1.5% in the third quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock worth $768,000 after buying an additional 201 shares during the last quarter. MAI Capital Management lifted its stake in Edison International by 20.8% in the second quarter. MAI Capital Management now owns 1,172 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 202 shares during the last quarter. Empowered Funds LLC grew its position in Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after acquiring an additional 211 shares in the last quarter. Michels Family Financial LLC grew its position in Edison International by 1.5% in the third quarter. Michels Family Financial LLC now owns 15,217 shares of the utilities provider’s stock worth $841,000 after acquiring an additional 231 shares in the last quarter. Finally, Generali Asset Management SPA SGR increased its stake in shares of Edison International by 0.7% during the 3rd quarter. Generali Asset Management SPA SGR now owns 31,539 shares of the utilities provider’s stock worth $1,743,000 after purchasing an additional 234 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EIX shares. 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 lowered their target price on shares of Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. Mizuho set a $79.00 target price on Edison International in a report on Thursday, February 19th. UBS Group downgraded Edison International from a “buy” rating to a “neutral” rating and upped their price target for the stock from $70.00 to $78.00 in a research note on Friday, February 13th. 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 issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Edison International has a consensus rating of “Hold” and a consensus price target of $68.56.

Edison International Stock Performance

NYSE:EIX opened at $71.78 on Monday. Edison International has a 1 year low of $47.73 and a 1 year high of $75.50. The firm’s fifty day simple moving average is $66.52 and its 200 day simple moving average is $60.31. 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 firm has a market capitalization of $27.62 billion, a PE ratio of 6.21, a PEG ratio of 1.16 and a beta of 0.79.

Edison International (NYSE:EIX) last released its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates 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 previous year, the business 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. On average, sell-side analysts anticipate that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The firm 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 $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.9%. Edison International’s dividend payout ratio (DPR) is 30.36%.

About Edison International

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.