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Bank of Nova Scotia acquired a new stake in shares of Edison International (NYSE:EIX – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 168,606 shares of the utilities provider’s stock, valued at approximately $12,553,000.

Other large investors have also modified their holdings of the company. Allworth Financial LP bought a new stake in shares of Edison International in the 2nd quarter worth about $2,586,000. Goldman Sachs Group Inc. boosted its position in Edison International by 41.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock valued at $329,924,000 after buying an additional 1,609,847 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in Edison International in the first quarter valued at about $1,503,000. Del Sette Capital Management LLC acquired a new position in Edison International in the first quarter valued at about $3,275,000. Finally, Pinebridge Investments LLC bought a new stake in Edison International during the fourth quarter worth about $46,548,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Price Performance Edison International stock opened at $73.97 on Tuesday. Edison International has a 1 year low of $52.00 and a 1 year high of $81.62. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $28.46 billion, a P/E ratio of 7.63, a PEG ratio of 5.56 and a beta of 0.66. The business has a 50-day moving average of $74.17 and a 200-day moving average of $72.14.

Edison International (NYSE:EIX – Get Free Report) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.36. The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities analysts anticipate that Edison International will post 6.13 EPS for the current year. Edison International Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were paid a $0.8775 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.7%. Edison International’s dividend payout ratio is presently 36.19%.

Wall Street Analyst Weigh In EIX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Truist Financial reduced their price target on shares of Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 4th. Morgan Stanley decreased their price objective on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a report on Friday. Mizuho raised their price objective on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Barclays reissued an “equal weight” rating and issued a $75.00 target price (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $72.45.

Check Out Our Latest Stock Report on EIX

(Free Report)

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.

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Edison International (EIX - Free Report) came out with quarterly earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +50.98%. A quarter ago, it was expected that this electric power provider would post earnings of $1.32 per share when it actually produced earnings of $1.42, delivering a surprise of +7.58%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Edison International, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $4.36 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 7.65%. This compares to year-ago revenues of $4.54 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Edison International shares have added about 31% since the beginning of the year versus the S&P 500's gain of 6.9%.

What's Next for Edison International?While Edison International has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Edison International was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.96 on $5.52 billion in revenues for the coming quarter and $6.13 on $18.98 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the bottom 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, NRG Energy (NRG - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.

This power company is expected to post quarterly earnings of $1.66 per share in its upcoming report, which represents a year-over-year change of -1.2%. The consensus EPS estimate for the quarter has been revised 2.5% higher over the last 30 days to the current level.

NRG Energy's revenues are expected to be $5.89 billion, down 12.6% from the year-ago quarter.