Integrity Alliance LLC. Acquires Shares of 4,334 Edison International $EIX

Integrity Alliance LLC. purchased a new position in Edison International (NYSE:EIX) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,334 shares of the utilities provider’s stock, valued at approximately $255,000.

A number of other large investors have also recently made changes to their positions in EIX. Empowered Funds LLC lifted its position in Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after acquiring an additional 211 shares in the last quarter. KWB Wealth lifted its position in Edison International by 1.5% in the 1st quarter. KWB Wealth now owns 14,751 shares of the utilities provider’s stock valued at $869,000 after acquiring an additional 218 shares in the last quarter. Presima Securities ULC lifted its position in Edison International by 2.5% in the 1st quarter. Presima Securities ULC now owns 9,174 shares of the utilities provider’s stock valued at $541,000 after acquiring an additional 224 shares in the last quarter. Private Advisor Group LLC lifted its position in Edison International by 1.5% in the 1st quarter. Private Advisor Group LLC now owns 17,764 shares of the utilities provider’s stock valued at $1,047,000 after acquiring an additional 254 shares in the last quarter. Finally, Investment Management Corp VA ADV lifted its position in Edison International by 159.6% in 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 in the last quarter. 88.95% of the stock is owned by institutional investors.

Edison International Price Performance

Shares of Edison International stock opened at $56.27 on Friday. Edison International has a one year low of $47.73 and a one year high of $88.64. The stock’s fifty day moving average is $53.79 and its 200 day moving average is $54.70. The stock has a market cap of $21.65 billion, a P/E ratio of 8.26, a P/E/G ratio of 1.32 and a beta of 0.80. 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 (NYSE:EIX) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.97 EPS 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 company had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period last year, the firm earned $1.23 EPS. Edison International’s revenue for the quarter was up 4.8% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Sell-side analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 7th were issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Monday, July 7th. Edison International’s dividend payout ratio (DPR) is currently 48.60%.

Analyst Ratings Changes

EIX has been the topic of several research analyst reports. Wolfe Research cut Edison International from an “outperform” rating to a “peer perform” rating in a report on Monday, June 9th. JPMorgan Chase & Co. lowered their price target on Edison International from $75.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, May 19th. Barclays increased their price target on Edison International from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Morgan Stanley reissued an “overweight” rating on shares of Edison International in a report on Thursday, August 21st. Finally, UBS Group lowered their price target on Edison International from $68.00 to $66.00 and set a “buy” rating on the stock in a report on Thursday. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.15.

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.