Edison International $EIX Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC lifted its position in shares of Edison International (NYSE:EIX) by 1,942.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 8,558 shares of the utilities provider’s stock after purchasing an additional 8,139 shares during the period. TD Private Client Wealth LLC’s holdings in Edison International were worth $473,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EIX. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in shares of 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 worth $383,000 after buying an additional 196 shares during the period. Kentucky Trust Co lifted its position in shares of 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 acquiring an additional 200 shares in the last quarter. MAI Capital Management increased its position in shares of Edison International by 20.8% during the second quarter. MAI Capital Management now owns 1,172 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 202 shares in the last quarter. Empowered Funds LLC boosted its stake in Edison International by 2.4% during the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after purchasing an additional 211 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Edison International by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 73,809 shares of the utilities provider’s stock valued at $3,818,000 after buying an additional 213 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on EIX shares. Jefferies Financial Group raised their target price on shares of Edison International from $57.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. LADENBURG THALM/SH SH raised their target price on Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Barclays lowered their price objective on shares of Edison International from $69.00 to $68.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. UBS Group reiterated a “buy” rating on shares of Edison International in a report on Friday. Finally, Cowen started coverage on Edison International in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Six research analysts have rated the stock with a Buy rating, nine have assigned 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 a consensus price target of $63.50.

Edison International Stock Up 1.6%

EIX opened at $62.48 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 1.95. The firm has a market cap of $24.04 billion, a P/E ratio of 8.17, a PEG ratio of 0.90 and a beta of 0.83. The business’s fifty day simple moving average is $59.14 and its 200 day simple moving average is $56.12. Edison International has a 52 week low of $47.73 and a 52 week high of $63.97.

Edison International (NYSE:EIX) last released its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same period in the previous year, the firm earned $1.51 earnings per share. Edison International’s revenue was up 10.6% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. As a group, equities research analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Wednesday, January 7th will be given a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Wednesday, January 7th. This is a positive change from Edison International’s previous quarterly dividend of $0.83. Edison International’s dividend payout ratio is currently 45.88%.

Insider Activity at Edison International

In other news, Director Peter J. Taylor sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $55.27, for a total transaction of $99,486.00. Following the completion of the sale, the director owned 35,212 shares of the company’s stock, valued at approximately $1,946,167.24. This trade represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

About Edison International

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.