Edison International $EIX Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System grew its stake in Edison International (NYSE:EIX) by 0.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,113,901 shares of the utilities provider’s stock after purchasing an additional 7,149 shares during the period. California Public Employees Retirement System owned approximately 0.29% of Edison International worth $81,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. 10Elms LLP acquired a new position in Edison International during the fourth quarter worth $26,000. Transamerica Financial Advisors LLC increased its stake in shares of Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 281 shares during the last quarter. Quest 10 Wealth Builders Inc. raised its holdings in shares of Edison International by 866.7% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 702 shares during the period. DV Equities LLC purchased a new position in shares of Edison International during the 4th quarter worth $52,000. Finally, McMillan Office Inc. acquired a new position in shares of Edison International during the 4th quarter valued at about $55,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Trading Down 0.1%

NYSE EIX opened at $77.58 on Monday. The firm’s 50-day moving average is $72.71 and its two-hundred day moving average is $69.80. Edison International has a 12 month low of $50.85 and a 12 month high of $79.88. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. The stock has a market capitalization of $29.85 billion, a P/E ratio of 8.42, a PEG ratio of 6.04 and a beta of 0.66.

Edison International (NYSE:EIX) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the firm posted $1.37 earnings per share. Edison International’s revenue was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, sell-side analysts anticipate that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is currently 38.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a report on Wednesday, June 24th. Barclays increased their price target on shares of Edison International from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Bank of America cut their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Edison International in a research report on Monday, July 13th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Edison International presently has a consensus rating of “Hold” and an average target price of $72.73.

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.