Perpetual Ltd Has $1.09 Million Stock Holdings in Edison International $EIX

Perpetual Ltd grew its holdings in Edison International (NYSE:EIX) by 61.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,112 shares of the utilities provider’s stock after purchasing an additional 6,918 shares during the period. Perpetual Ltd’s holdings in Edison International were worth $1,087,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Activest Wealth Management grew its position 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 last quarter. CVA Family Office LLC lifted its holdings in shares of Edison International by 113.7% in 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 boosted 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 purchasing an additional 259 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of Edison International in the 2nd quarter valued at approximately $38,000. Finally, Quent Capital LLC acquired a new stake in shares of Edison International in the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EIX shares. Wall Street Zen cut shares of Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. LADENBURG THALM/SH SH reaffirmed a “sell” rating and set a $63.00 target price on shares of Edison International in a research note on Thursday, March 5th. Barclays upped their price target on shares of Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Zacks Research cut Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Finally, Jefferies Financial Group cut their price objective on Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $69.44.

Edison International Stock Up 0.0%

NYSE:EIX opened at $73.49 on Friday. Edison International has a one year low of $47.73 and a one year high of $75.50. 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 $28.29 billion, a PE ratio of 6.36, a P/E/G ratio of 1.19 and a beta of 0.77. The firm’s 50 day simple moving average is $69.90 and its 200 day simple moving average is $62.02.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (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 analysts’ expectations of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same period in the prior year, the company posted $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, research analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be given a dividend of $0.8775 per share. This represents a $3.51 annualized dividend 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 currently 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.