HighTower Advisors LLC Lowers Stock Position in Edison International $EIX

HighTower Advisors LLC lessened its holdings in Edison International (NYSE:EIX) by 10.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,954 shares of the utilities provider’s stock after selling 3,978 shares during the quarter. HighTower Advisors LLC’s holdings in Edison International were worth $2,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its holdings in Edison International by 4,633.3% in the 1st quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 417 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Edison International during the 1st quarter valued at approximately $25,000. Investment Management Corp VA ADV lifted 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 valued at $25,000 after acquiring an additional 265 shares during the period. Bellwether Advisors LLC acquired a new stake in shares of Edison International during the 4th quarter valued at approximately $34,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Edison International during the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

Shares of NYSE:EIX opened at $55.5330 on Friday. The business’s fifty day moving average price is $52.50 and its two-hundred day moving average price is $54.30. The stock has a market cap of $21.37 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 1.31 and a beta of 0.75. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87. Edison International has a one year low of $47.73 and a one year high of $88.77.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. The firm had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.52 billion. Edison International had a return on equity of 11.99% and a net margin of 16.00%.Edison International’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 EPS. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. On average, analysts forecast that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 7th were issued a $0.8275 dividend. The ex-dividend date was Monday, July 7th. This represents a $3.31 annualized dividend and a yield of 6.0%. Edison International’s payout ratio is 48.60%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Edison International from $52.00 to $51.00 and set an “underweight” rating for the company in a research report on Wednesday, June 18th. Barclays lifted their price target on shares of Edison International from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Wolfe Research downgraded shares of Edison International from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 9th. JPMorgan Chase & Co. reduced their price target on shares of Edison International from $75.00 to $71.00 and set a “neutral” rating for the company in a research report on Monday, May 19th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Edison International in a research report on Thursday, May 15th. Nine research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.21.

Edison International Company 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.