California Public Employees Retirement System Boosts Holdings in Edison International $EIX

California Public Employees Retirement System lifted its holdings in Edison International (NYSE:EIX) by 0.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,113,901 shares of the utilities provider’s stock after purchasing an additional 7,149 shares during the period. California Public Employees Retirement System’s holdings in Edison International were worth $81,515,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Kera Capital Partners Inc. grew its stake in shares of Edison International by 5.9% in the first quarter. Kera Capital Partners Inc. now owns 10,976 shares of the utilities provider’s stock worth $803,000 after acquiring an additional 608 shares in the last quarter. Assetmark Inc. raised its stake in shares of Edison International by 1,118.0% in the first quarter. Assetmark Inc. now owns 1,601,327 shares of the utilities provider’s stock valued at $117,185,000 after acquiring an additional 1,469,860 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. raised its stake in shares of Edison International by 5.6% in the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 45,017 shares of the utilities provider’s stock valued at $3,294,000 after acquiring an additional 2,400 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Edison International by 13.5% in the first quarter. Bessemer Group Inc. now owns 16,953 shares of the utilities provider’s stock valued at $1,240,000 after purchasing an additional 2,013 shares during the period. Finally, Prosperity Consulting Group LLC boosted its holdings in Edison International by 4.6% in the first quarter. Prosperity Consulting Group LLC now owns 26,386 shares of the utilities provider’s stock valued at $1,931,000 after purchasing an additional 1,150 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Trading Down 0.1%

NYSE:EIX opened at $77.58 on Monday. Edison International has a 1 year low of $50.85 and a 1 year high of $79.88. The stock has a market cap of $29.85 billion, a P/E ratio of 8.42, a P/E/G ratio of 6.04 and a beta of 0.66. 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 stock has a 50-day simple moving average of $72.71 and a 200-day simple moving average of $69.80.

Edison International (NYSE:EIX) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.10. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, analysts anticipate that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Dividend Announcement

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

Wall Street Analyst Weigh In

EIX has been the subject of a number of analyst reports. Seaport Research Partners downgraded Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Barclays raised their target price on shares of Edison International from $77.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a report on Wednesday, June 24th. Bank of America dropped their price objective on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Edison International in a report on Monday, July 13th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $72.73.

Edison International 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.