Edison International $EIX Stock Position Trimmed by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC cut its position in Edison International (NYSE:EIX) by 46.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,476 shares of the utilities provider’s stock after selling 17,426 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Edison International were worth $1,037,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. raised its holdings in shares of Edison International by 4,633.3% during 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 shares of Edison International during the first quarter valued at about $25,000. Investment Management Corp VA ADV raised its position in shares of Edison International by 159.6% during the 1st quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider’s stock worth $25,000 after buying an additional 265 shares in the last quarter. Kentucky Trust Co raised its position in shares of Edison International by 66.7% during the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock worth $26,000 after buying an additional 200 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in Edison International during the first quarter worth approximately $35,000. Institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EIX shares. Jefferies Financial Group cut Edison International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $70.00 to $57.00 in a report on Thursday, October 2nd. Morgan Stanley dropped their price objective on Edison International from $61.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, September 25th. UBS Group dropped their price target on shares of Edison International from $68.00 to $66.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a research report on Wednesday. Finally, Barclays boosted their target price on shares of Edison International from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Edison International presently has an average rating of “Hold” and an average price target of $64.61.

Edison International Price Performance

NYSE EIX opened at $52.17 on Friday. Edison International has a 1 year low of $47.73 and a 1 year high of $88.64. The stock’s 50-day moving average price is $55.08 and its two-hundred day moving average price is $54.47. 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 company has a market cap of $20.07 billion, a PE ratio of 7.66, a PEG ratio of 1.25 and a beta of 0.80.

Edison International (NYSE:EIX) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the previous year, the business earned $1.23 earnings per share. The firm’s 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. On average, analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 7th will be given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, October 7th. Edison International’s payout ratio is presently 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.