Arrowstreet Capital Limited Partnership Has $107.44 Million Stock Holdings in Edison International $EIX

Arrowstreet Capital Limited Partnership grew its stake in shares of Edison International (NYSE:EIX) by 1.0% in the first quarter, HoldingsChannel.com reports. The fund owned 1,468,184 shares of the utilities provider’s stock after acquiring an additional 14,575 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Edison International were worth $107,442,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EIX. AQR Capital Management LLC grew its holdings in shares of Edison International by 69.9% during 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 purchasing an additional 7,521,168 shares during the last quarter. Norges Bank bought a new stake in Edison International during the 4th quarter worth $339,311,000. Goldman Sachs Group Inc. increased its holdings in Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after purchasing an additional 1,609,847 shares in the last quarter. Assetmark Inc. increased its holdings in Edison International by 1,118.0% in the 1st quarter. Assetmark Inc. now owns 1,601,327 shares of the utilities provider’s stock worth $117,185,000 after purchasing an additional 1,469,860 shares in the last quarter. Finally, Swedbank AB raised its position in Edison International by 207.0% in the first quarter. Swedbank AB now owns 2,073,181 shares of the utilities provider’s stock valued at $151,715,000 after purchasing an additional 1,397,858 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EIX has been the topic of several research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Edison International in a report on Monday, July 13th. Bank of America cut their target price 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. Barclays boosted their target price on shares of Edison International from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. increased their price target on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Finally, Seaport Research Partners downgraded Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Four investment 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $72.64.

Edison International Stock Up 0.1%

EIX stock opened at $79.71 on Friday. The stock’s 50 day simple moving average is $73.56 and its 200 day simple moving average is $70.38. The company has a market cap of $30.67 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 6.20 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. Edison International has a fifty-two week low of $51.01 and a fifty-two week high of $80.90.

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

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be given a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.4%. Edison International’s dividend payout ratio (DPR) is presently 38.11%.

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.