American Century Companies Inc. Sells 3,077,586 Shares of Edison International $EIX

American Century Companies Inc. cut its stake in shares of Edison International (NYSE:EIX) by 93.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 207,284 shares of the utilities provider’s stock after selling 3,077,586 shares during the period. American Century Companies Inc. owned about 0.05% of Edison International worth $12,213,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EIX. Price T Rowe Associates Inc. MD increased its holdings in Edison International by 0.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 543,695 shares of the utilities provider’s stock worth $43,410,000 after purchasing an additional 3,924 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Edison International by 9.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 19,952 shares of the utilities provider’s stock worth $1,593,000 after purchasing an additional 1,753 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Edison International in the fourth quarter valued at approximately $453,000. Boothbay Fund Management LLC raised its holdings in Edison International by 25.9% in the 4th quarter. Boothbay Fund Management LLC now owns 16,070 shares of the utilities provider’s stock valued at $1,283,000 after buying an additional 3,304 shares during the last quarter. Finally, Beacon Pointe Advisors LLC raised its holdings in Edison International by 4.9% in the 4th quarter. Beacon Pointe Advisors LLC now owns 18,825 shares of the utilities provider’s stock valued at $1,503,000 after buying an additional 875 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Stock Down 1.9%

Shares of NYSE:EIX opened at $54.55 on Tuesday. Edison International has a 1 year low of $47.73 and a 1 year high of $88.77. 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 business’s 50-day moving average is $52.62 and its 200-day moving average is $54.36. The company has a market capitalization of $20.99 billion, a price-to-earnings ratio of 8.01, a P/E/G ratio of 1.31 and a beta of 0.75.

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

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 7th were paid a dividend of $0.8275 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $3.31 annualized dividend and a yield of 6.1%. Edison International’s dividend payout ratio is currently 48.60%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EIX shares. Wolfe Research lowered shares of Edison International from an “outperform” rating to a “peer perform” rating in a report on Monday, June 9th. Barclays boosted their price objective on shares of Edison International from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Morgan Stanley lowered their target price on Edison International from $52.00 to $51.00 and set an “underweight” rating for the company in a research report on Wednesday, June 18th. JPMorgan Chase & Co. cut their target price on Edison International from $75.00 to $71.00 and set a “neutral” rating on the stock in a 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 assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Edison International currently has an average rating of “Moderate Buy” and an average target price of $75.21.

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.