Edison International $EIX Shares Bought by Earned Wealth Advisors LLC

Earned Wealth Advisors LLC lifted its holdings in Edison International (NYSE:EIX) by 15.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,841 shares of the utilities provider’s stock after acquiring an additional 641 shares during the period. Earned Wealth Advisors LLC’s holdings in Edison International were worth $250,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its holdings in Edison International by 2.7% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 7,422 shares of the utilities provider’s stock valued at $383,000 after purchasing an additional 196 shares in the last quarter. Kentucky Trust Co grew its holdings in Edison International by 66.7% during the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Empowered Funds LLC grew its holdings in Edison International by 2.4% during the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Edison International by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 73,809 shares of the utilities provider’s stock valued at $3,818,000 after purchasing an additional 213 shares in the last quarter. Finally, Presima Securities ULC grew its holdings in Edison International by 2.5% during the 1st quarter. Presima Securities ULC now owns 9,174 shares of the utilities provider’s stock valued at $541,000 after purchasing an additional 224 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Price Performance

Shares of EIX stock opened at $55.40 on Friday. The firm has a market cap of $21.32 billion, a P/E ratio of 7.24, a P/E/G ratio of 0.83 and a beta of 0.80. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.82 and a quick ratio of 0.81. Edison International has a 1-year low of $47.73 and a 1-year high of $88.64. The firm has a fifty day moving average of $55.44 and a two-hundred day moving average of $54.47.

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

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th were given a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Tuesday, October 7th. Edison International’s dividend payout ratio (DPR) is presently 43.27%.

Insider Activity

In other news, Director Peter J. Taylor sold 1,800 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $55.27, for a total value of $99,486.00. Following the transaction, the director directly owned 35,212 shares in the company, valued at approximately $1,946,167.24. This trade represents a 4.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EIX shares. Morgan Stanley raised their price target on shares of Edison International from $60.00 to $66.00 and gave the company an “underweight” rating in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a report on Wednesday, October 8th. Zacks Research raised shares of Edison International from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Cowen initiated coverage on shares of Edison International in a report on Wednesday, October 15th. They set a “buy” rating for the company. Finally, UBS Group decreased their price objective on shares of Edison International from $68.00 to $66.00 and set a “buy” rating for the company in a report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $64.30.

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.