Perpetual Ltd Buys 6,918 Shares of Edison International $EIX

Perpetual Ltd boosted its stake in Edison International (NYSE:EIX) by 61.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 18,112 shares of the utilities provider’s stock after acquiring an additional 6,918 shares during the period. Perpetual Ltd’s holdings in Edison International were worth $1,087,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. LVW Advisors LLC lifted its position in shares of Edison International by 4.6% in the 4th quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 186 shares during the period. Diligent Investors LLC increased its position in shares of Edison International by 1.5% during the third quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock worth $768,000 after buying an additional 201 shares during the period. Empowered Funds LLC increased its position in shares of Edison International by 2.4% during the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after buying an additional 211 shares during the period. Michels Family Financial LLC raised its stake in Edison International by 1.5% during the third quarter. Michels Family Financial LLC now owns 15,217 shares of the utilities provider’s stock worth $841,000 after buying an additional 231 shares during the last quarter. Finally, Generali Asset Management SPA SGR raised its stake in Edison International by 0.7% during the third quarter. Generali Asset Management SPA SGR now owns 31,539 shares of the utilities provider’s stock worth $1,743,000 after buying an additional 234 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Price Performance

Shares of NYSE EIX opened at $73.49 on Friday. The firm has a market capitalization of $28.29 billion, a P/E ratio of 6.36, a P/E/G ratio of 1.19 and a beta of 0.77. The firm’s 50-day moving average price is $69.90 and its 200-day moving average price is $62.02. 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 has a 1-year low of $47.73 and a 1-year high of $75.50.

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

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be issued a dividend of $0.8775 per share. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.8%. Edison International’s payout ratio is currently 30.36%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research report on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on Edison International from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 18th. Barclays boosted their price objective on Edison International from $67.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, TD Cowen raised their target price 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 investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edison International has a consensus rating of “Hold” and a consensus price target of $69.44.

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.