Cresset Asset Management LLC Has $423,000 Stock Holdings in Edison International $EIX

Cresset Asset Management LLC boosted its stake in Edison International (NYSE:EIX) by 136.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,179 shares of the utilities provider’s stock after purchasing an additional 4,147 shares during the quarter. Cresset Asset Management LLC’s holdings in Edison International were worth $423,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. KWB Wealth grew its holdings in Edison International by 1.5% in the first quarter. KWB Wealth now owns 14,751 shares of the utilities provider’s stock worth $869,000 after purchasing an additional 218 shares during the period. Private Advisor Group LLC grew its holdings in shares of Edison International by 1.5% during the first quarter. Private Advisor Group LLC now owns 17,764 shares of the utilities provider’s stock valued at $1,047,000 after buying an additional 254 shares during the last quarter. Investment Management Corp VA ADV grew its holdings in shares of Edison International by 159.6% during the first quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider’s stock valued at $25,000 after buying an additional 265 shares during the last quarter. CarsonAllaria Wealth Management Ltd. grew its holdings in shares of Edison International by 11.5% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 2,735 shares of the utilities provider’s stock valued at $161,000 after buying an additional 281 shares during the last quarter. Finally, Triumph Capital Management grew its holdings in shares of Edison International by 5.5% during the first quarter. Triumph Capital Management now owns 5,592 shares of the utilities provider’s stock valued at $329,000 after buying an additional 293 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Edison International Stock Up 3.2%

EIX opened at $55.5330 on Monday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.81. The company’s 50-day moving average is $52.50 and its 200 day moving average is $54.32. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $88.77. The firm has a market capitalization of $21.37 billion, a P/E ratio of 8.15, a PEG ratio of 1.31 and a beta of 0.75.

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

Edison International Announces Dividend

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

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.