Traders Buy Large Volume of Put Options on Edison International (NYSE:EIX)

Edison International (NYSE:EIX) was the target of some unusual options trading activity on Thursday. Traders bought 49,354 put options on the company. This represents an increase of approximately 838% compared to the average volume of 5,259 put options.

Analyst Ratings Changes

Several brokerages recently commented on EIX. Bank of America cut Edison International from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $81.00 to $51.00 in a report on Tuesday, September 1st. Weiss Ratings cut Edison International from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, September 10th. Jefferies Financial Group dropped their price objective on Edison International from $68.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, September 14th. JPMorgan Chase & Co. cut their price objective on Edison International from $82.00 to $61.00 and set a “neutral” rating for the company in a report on Wednesday, September 2nd. Finally, Argus reaffirmed a “hold” rating on shares of Edison International in a research note on Wednesday, August 26th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $64.00.

Edison International Stock Down 0.4%

EIX stock opened at $55.28 on Friday. The firm has a market cap of $21.27 billion, a PE ratio of 5.70, a P/E/G ratio of 2.24 and a beta of 0.62. Edison International has a 12 month low of $52.00 and a 12 month high of $81.62. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. The firm has a 50 day simple moving average of $68.79 and a 200 day simple moving average of $70.77.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.36. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts forecast that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were given a dividend of $0.8775 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 6.3%. Edison International’s payout ratio is 36.19%.

Institutional Investors Weigh In On Edison International

Hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its stake in Edison International by 36.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 41,760 shares of the utilities provider’s stock worth $3,109,000 after purchasing an additional 11,131 shares in the last quarter. IPG Investment Advisors LLC acquired a new position in shares of Edison International in the second quarter worth about $1,866,000. Cidel Asset Management Inc. boosted its holdings in shares of Edison International by 3.0% in the second quarter. Cidel Asset Management Inc. now owns 6,088 shares of the utilities provider’s stock worth $453,000 after buying an additional 178 shares during the period. RFG Advisory LLC purchased a new position in shares of Edison International in the second quarter worth approximately $273,000. Finally, NewEdge Advisors LLC increased its position in shares of Edison International by 26.0% in the second quarter. NewEdge Advisors LLC now owns 92,552 shares of the utilities provider’s stock worth $6,890,000 after acquiring an additional 19,090 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

About Edison International

Edison International (NYSE: EIX) is a holding company focused on electric power generation, transmission and distribution, as well as clean-energy solutions. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that delivers electricity to residential, commercial, industrial and public-sector customers.

SCE operates one of the largest electric utility systems in the United States, serving communities across central, coastal and Southern California.