Diversify Wealth Management LLC Purchases Shares of 10,290 Edison International $EIX

Diversify Wealth Management LLC bought a new position in shares of Edison International (NYSE:EIX) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,290 shares of the utilities provider’s stock, valued at approximately $699,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Equitable Trust Co. increased its position in Edison International by 0.8% in the 1st quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider’s stock valued at $1,435,000 after buying an additional 148 shares in the last quarter. UMB Bank n.a. increased its position in shares of Edison International by 5.3% during the fourth quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock worth $190,000 after acquiring an additional 159 shares in the last quarter. LVW Advisors LLC raised its stake in shares of Edison International by 4.6% in the fourth 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 last quarter. Huntington National Bank lifted its stake in Edison International by 6.2% during the 4th quarter. Huntington National Bank now owns 3,351 shares of the utilities provider’s stock valued at $201,000 after acquiring an additional 196 shares in the last quarter. Finally, Empowered Funds LLC lifted 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 valued at $523,000 after purchasing an additional 211 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

Edison International Stock Performance

Shares of EIX stock opened at $77.98 on Friday. The stock has a 50 day moving average price of $72.54 and a two-hundred day moving average price of $69.67. Edison International has a fifty-two week low of $50.58 and a fifty-two week high of $78.28. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The company has a market capitalization of $30.01 billion, a P/E ratio of 8.47, a PEG ratio of 1.33 and a beta of 0.66.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.10. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts expect that Edison International will post 6.12 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th will be issued a $0.8775 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.5%. Edison International’s dividend payout ratio is 38.11%.

Analysts Set New Price Targets

EIX has been the topic of several research analyst reports. Bank of America cut their price objective on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. JPMorgan Chase & Co. boosted their target price on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Seaport Research Partners cut shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Morgan Stanley restated an “underweight” rating on shares of Edison International in a research note on Wednesday, June 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Edison International in a research report on Monday. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company 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.