Edison International (NYSE:EIX) Sees Significant Decline in Short Interest

Edison International (NYSE:EIX) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 10,712,456 shares, a drop of 20.4% from the February 26th total of 13,457,804 shares. Based on an average daily volume of 3,870,021 shares, the short-interest ratio is presently 2.8 days. Currently, 2.8% of the shares of the stock are short sold.

Edison International Stock Down 0.1%

Shares of NYSE EIX opened at $70.25 on Monday. The company has a 50 day simple moving average of $68.67 and a 200 day simple moving average of $61.46. The firm has a market cap of $27.04 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 1.14 and a beta of 0.79. Edison International has a 1 year low of $47.73 and a 1 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.

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, topping 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 for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the firm 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 forecast that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be paid a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 annualized dividend and a dividend yield of 5.0%. Edison International’s payout ratio is currently 30.36%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. AQR Capital Management LLC grew its position in shares of Edison International by 69.9% in the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after buying an additional 7,521,168 shares during the last quarter. Norges Bank acquired a new stake in shares of Edison International in the fourth quarter valued at about $339,311,000. Goldman Sachs Group Inc. raised its position in shares of Edison International by 41.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after acquiring an additional 1,609,847 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Edison International by 2,970.8% during the fourth quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider’s stock worth $77,863,000 after acquiring an additional 1,255,034 shares during the last quarter. Finally, Man Group plc lifted its stake in shares of Edison International by 109.6% in the second quarter. Man Group plc now owns 2,314,124 shares of the utilities provider’s stock worth $119,409,000 after acquiring an additional 1,209,964 shares during the period. 88.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a research report on Friday, February 20th. Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Mizuho set a $79.00 target price on shares of Edison International in a research note on Thursday, February 19th. TD Cowen upped their price target on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. 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 stock. According to data from MarketBeat, Edison International has an average rating of “Hold” and an average price target of $69.44.

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.