Edison International $EIX Stock Holdings Increased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System boosted its position in Edison International (NYSE:EIX) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 364,525 shares of the utilities provider’s stock after buying an additional 18,412 shares during the quarter. Maryland State Retirement & Pension System owned approximately 0.09% of Edison International worth $18,809,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EIX. Rakuten Securities Inc. increased its holdings in Edison International by 4,633.3% in the first quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider’s stock valued at $25,000 after buying an additional 417 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Edison International in the first quarter valued at about $25,000. Investment Management Corp VA ADV increased its holdings in Edison International by 159.6% in the first quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider’s stock valued at $25,000 after buying an additional 265 shares during the last quarter. Kentucky Trust Co increased its holdings in Edison International by 66.7% in the second quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Finally, American National Bank & Trust bought a new stake in Edison International in the second quarter valued at about $32,000. 88.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on EIX. Jefferies Financial Group downgraded Edison International from a “buy” rating to a “hold” rating and decreased their target price for the company from $70.00 to $57.00 in a research note on Thursday, October 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on Edison International from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. UBS Group decreased their target price on Edison International from $68.00 to $66.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Finally, Barclays lifted their target price on Edison International from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $64.61.

Edison International Stock Performance

Shares of NYSE EIX opened at $53.46 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 2.03. The stock has a 50 day simple moving average of $55.09 and a 200-day simple moving average of $54.55. The company has a market cap of $20.57 billion, a PE ratio of 7.85, a P/E/G ratio of 1.26 and a beta of 0.80. Edison International has a 12-month low of $47.73 and a 12-month high of $88.64.

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

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 7th will be given a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Tuesday, October 7th. Edison International’s dividend payout ratio is 48.60%.

Edison International Profile

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.