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

Burns Matteson Capital Management LLC lifted its holdings in shares of Edison International (NYSE:EIX) by 25.5% during the fourth quarter, Holdings Channel reports. The fund owned 46,321 shares of the utilities provider’s stock after purchasing an additional 9,421 shares during the quarter. Edison International accounts for 0.8% of Burns Matteson Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding. Burns Matteson Capital Management LLC’s holdings in Edison International were worth $2,780,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. AQR Capital Management LLC boosted its holdings in Edison International by 83.5% in the second quarter. AQR Capital Management LLC now owns 9,962,902 shares of the utilities provider’s stock valued at $510,649,000 after purchasing an additional 4,534,864 shares during the last quarter. SG Americas Securities LLC increased its holdings in Edison International by 2,970.8% during the 4th quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider’s stock worth $77,863,000 after purchasing an additional 1,255,034 shares during the last quarter. Man Group plc raised its position in shares of Edison International by 109.6% in the 2nd quarter. Man Group plc now owns 2,314,124 shares of the utilities provider’s stock valued at $119,409,000 after purchasing an additional 1,209,964 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Edison International by 71.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,425,926 shares of the utilities provider’s stock valued at $134,105,000 after purchasing an additional 1,009,508 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Edison International by 59.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,062,035 shares of the utilities provider’s stock valued at $113,989,000 after buying an additional 765,562 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

EIX stock opened at $73.16 on Wednesday. The stock’s 50 day simple moving average is $69.12 and its 200 day simple moving average is $61.69. Edison International has a 12-month low of $47.73 and a 12-month high of $75.50. The firm has a market cap of $28.16 billion, a P/E ratio of 6.33, a P/E/G ratio of 1.16 and a beta of 0.79. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92.

Edison International (NYSE:EIX) last released its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share 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 analyst estimates of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same quarter in the previous year, the firm earned $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 research analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

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 given a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International’s dividend payout ratio is currently 30.36%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley reissued an “underweight” rating on shares of Edison International in a research report on Friday, February 20th. UBS Group downgraded shares of Edison International from a “buy” rating to a “neutral” rating and increased their price objective for the company from $70.00 to $78.00 in a research note on Friday, February 13th. Barclays boosted their target price on shares of Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, TD Cowen lifted their price target on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.