6,353 Shares in Edison International $EIX Acquired by Kaufman Rossin Wealth LLC

Kaufman Rossin Wealth LLC bought a new stake in Edison International (NYSE:EIX) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,353 shares of the utilities provider’s stock, valued at approximately $374,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Edison International by 111.6% during the 1st quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider’s stock worth $333,689,000 after purchasing an additional 2,987,318 shares during the last quarter. Northern Trust Corp raised its stake in Edison International by 53.9% in the fourth quarter. Northern Trust Corp now owns 5,757,034 shares of the utilities provider’s stock valued at $459,642,000 after buying an additional 2,016,017 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Edison International by 149.3% in the fourth quarter. Ameriprise Financial Inc. now owns 2,793,795 shares of the utilities provider’s stock valued at $223,057,000 after buying an additional 1,673,204 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in Edison International by 1,946.0% during the 1st quarter. Allianz Asset Management GmbH now owns 1,255,449 shares of the utilities provider’s stock worth $73,971,000 after buying an additional 1,194,088 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Edison International during the 1st quarter worth about $61,916,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Trading Down 0.8%

Shares of Edison International stock opened at $55.9170 on Thursday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87. The company has a market capitalization of $21.52 billion, a P/E ratio of 8.21, a PEG ratio of 1.33 and a beta of 0.75. Edison International has a 1 year low of $47.73 and a 1 year high of $88.77. The company’s fifty day moving average is $52.28 and its two-hundred day moving average is $54.25.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.09. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 7th were issued a $0.8275 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.9%. Edison International’s payout ratio is presently 48.60%.

Analyst Upgrades and Downgrades

EIX has been the topic of several research analyst reports. Morgan Stanley cut their target price on Edison International from $52.00 to $51.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 18th. Evercore ISI reissued an “outperform” rating on shares of Edison International in a report on Thursday, May 15th. Wolfe Research cut shares of Edison International from an “outperform” rating to a “peer perform” rating in a report on Monday, June 9th. Barclays increased their target price on shares of Edison International from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of Edison International from $75.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday, May 19th. Nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.21.

About Edison International

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.