Edison International $EIX Shares Purchased by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC raised its position in Edison International (NYSE:EIX) by 25.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,321 shares of the utilities provider’s stock after purchasing an additional 9,421 shares during the period. Edison International comprises about 0.8% of Burns Matteson Capital Management LLC’s investment portfolio, making the stock its 22nd largest position. Burns Matteson Capital Management LLC’s holdings in Edison International were worth $2,780,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Activest Wealth Management raised its position in shares of 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 buying an additional 488 shares during the last quarter. CVA Family Office LLC boosted its position 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 last quarter. Ransom Advisory Ltd grew its stake in Edison International by 74.9% in the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 259 shares during the period. CoreFirst Bank & Trust purchased a new stake in Edison International in the 2nd quarter worth approximately $38,000. Finally, Quent Capital LLC acquired a new position in Edison International in the 3rd quarter valued at $40,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Price Performance

EIX stock opened at $73.16 on Wednesday. The stock has a 50-day simple moving average of $69.12 and a 200-day simple moving average of $61.69. The firm has a market cap of $28.16 billion, a P/E ratio of 6.33, a price-to-earnings-growth ratio of 1.16 and a beta of 0.79. 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 has a 1 year low of $47.73 and a 1 year high of $75.50.

Edison International (NYSE:EIX) last released its quarterly 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. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the prior 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, equities analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors 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 4.8%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International’s dividend payout ratio (DPR) is presently 30.36%.

Analyst Ratings Changes

A number of research analysts have weighed in on EIX shares. Morgan Stanley reissued an “underweight” rating on shares of Edison International in a research note on Friday, February 20th. LADENBURG THALM/SH SH reaffirmed a “sell” rating and issued a $63.00 price objective on shares of Edison International in a research report on Thursday, March 5th. JPMorgan Chase & Co. increased their target price on Edison International from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 18th. Jefferies Financial Group decreased their price target on Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Finally, Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Edison International currently has a consensus rating of “Hold” and an average price target of $69.44.

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.