AXQ Capital LP Makes New Investment in Edison International $EIX

AXQ Capital LP acquired a new stake in shares of Edison International (NYSE:EIX) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 9,829 shares of the utilities provider’s stock, valued at approximately $543,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EIX. Activest Wealth Management boosted 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 worth $31,000 after purchasing an additional 488 shares during the period. CVA Family Office LLC lifted its stake in shares of Edison International by 113.7% during the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after buying an additional 307 shares in the last quarter. Laurel Wealth Advisors LLC boosted its holdings in Edison International by 5,064.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock worth $37,000 after buying an additional 709 shares during the period. CoreFirst Bank & Trust purchased a new stake in Edison International in the 2nd quarter worth $38,000. Finally, Quent Capital LLC purchased a new stake in Edison International in the 3rd quarter worth $40,000. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

NYSE:EIX opened at $75.19 on Wednesday. The company has a market cap of $28.93 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 1.22 and a beta of 0.82. Edison International has a 1 year low of $47.73 and a 1 year high of $75.50. The stock’s 50 day simple moving average is $63.25 and its two-hundred day simple moving average is $58.74. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.68.

Edison International (NYSE:EIX) last posted its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the firm posted $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, equities analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders 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 dividend yield of 4.7%. The ex-dividend date is Tuesday, April 7th. Edison International’s dividend payout ratio is currently 30.36%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EIX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. UBS Group cut Edison International from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $70.00 to $78.00 in a report on Friday, February 13th. Wells Fargo & Company lowered shares of Edison International from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $56.00 to $59.00 in a report on Tuesday, January 20th. Wall Street Zen cut shares of Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, LADENBURG THALM/SH SH upped their target price on shares of Edison International from $52.50 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $67.70.

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.