Edison International $EIX Shares Sold by Putney Financial Group LLC

Putney Financial Group LLC trimmed its position in Edison International (NYSE:EIX) by 23.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 700 shares of the utilities provider’s stock after selling 220 shares during the quarter. Putney Financial Group LLC’s holdings in Edison International were worth $36,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Investment Management Corp VA ADV increased its holdings in Edison International by 159.6% in 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 during the period. Kentucky Trust Co boosted its holdings in shares of Edison International by 66.7% in the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. American National Bank & Trust purchased a new stake in shares of Edison International in the 2nd quarter valued at $32,000. Zions Bancorporation National Association UT acquired a new stake in shares of Edison International in the first quarter worth $35,000. Finally, Hilltop National Bank purchased a new position in shares of Edison International during the second quarter worth $44,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Price Performance

Shares of Edison International stock opened at $55.67 on Friday. The firm has a market cap of $21.42 billion, a PE ratio of 7.28, a P/E/G ratio of 0.83 and a beta of 0.80. Edison International has a twelve month low of $47.73 and a twelve month high of $88.64. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.95. The business has a 50-day moving average price of $55.45 and a 200 day moving average price of $54.48.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.16 by $0.18. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.31 billion. Edison International had a return on equity of 13.62% and a net margin of 17.24%.Edison International’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $1.51 earnings per share. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. Sell-side analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 7th will be issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, October 7th. Edison International’s payout ratio is presently 43.27%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EIX shares. TD Cowen assumed coverage on shares of Edison International in a report on Thursday, October 16th. They issued a “buy” rating and a $71.00 price target on the stock. LADENBURG THALM/SH SH upped their target price on Edison International from $52.50 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday. Jefferies Financial Group raised their target price on Edison International from $57.00 to $59.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Morgan Stanley lifted their price target on Edison International from $60.00 to $66.00 and gave the company an “underweight” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research upgraded Edison International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $64.30.

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.