Geneos Wealth Management Inc. Buys 340 Shares of Edison International $EIX

Geneos Wealth Management Inc. increased its holdings in Edison International (NYSE:EIX) by 16.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,402 shares of the utilities provider’s stock after acquiring an additional 340 shares during the period. Geneos Wealth Management Inc.’s holdings in Edison International were worth $142,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Intech Investment Management LLC grew its holdings in shares of Edison International by 1,046.4% in the first quarter. Intech Investment Management LLC now owns 253,193 shares of the utilities provider’s stock valued at $14,918,000 after acquiring an additional 231,108 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Edison International by 19.3% in the first quarter. Focus Partners Wealth now owns 105,695 shares of the utilities provider’s stock valued at $6,228,000 after acquiring an additional 17,066 shares in the last quarter. Integrity Alliance LLC. bought a new position in shares of Edison International in the first quarter valued at approximately $255,000. Plato Investment Management Ltd grew its holdings in shares of Edison International by 78.5% in the first quarter. Plato Investment Management Ltd now owns 78,561 shares of the utilities provider’s stock valued at $4,679,000 after acquiring an additional 34,537 shares in the last quarter. Finally, Advisory Alpha LLC bought a new position in shares of Edison International in the first quarter valued at approximately $243,000. 88.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EIX shares. Wolfe Research lowered Edison International from an “outperform” rating to a “peer perform” rating in a report on Monday, June 9th. Barclays upped their price objective on Edison International from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Morgan Stanley reiterated an “overweight” rating on shares of Edison International in a research note on Thursday, August 21st. Finally, UBS Group dropped their price objective on Edison International from $68.00 to $66.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.15.

Edison International Trading Down 1.2%

NYSE:EIX opened at $55.17 on Wednesday. The company has a market cap of $21.23 billion, a P/E ratio of 8.10, a P/E/G ratio of 1.31 and a beta of 0.80. The stock’s fifty day moving average price is $53.98 and its two-hundred day moving average price is $54.74. Edison International has a 1 year low of $47.73 and a 1 year high of $88.64. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.81.

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, topping the consensus estimate 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 net margin of 16.00% and a return on equity of 11.99%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

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