Wealth Enhancement Advisory Services LLC Purchases 9,015 Shares of Edison International $EIX

Wealth Enhancement Advisory Services LLC raised its stake in Edison International (NYSE:EIX) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 132,866 shares of the utilities provider’s stock after acquiring an additional 9,015 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Edison International were worth $6,982,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Two Sigma Advisers LP bought a new stake in Edison International during the 4th quarter valued at about $351,000. Vident Advisory LLC boosted its holdings in Edison International by 9.0% during the fourth quarter. Vident Advisory LLC now owns 5,829 shares of the utilities provider’s stock worth $465,000 after buying an additional 482 shares in the last quarter. Vise Technologies Inc. boosted its holdings in Edison International by 29.3% during the fourth quarter. Vise Technologies Inc. now owns 5,733 shares of the utilities provider’s stock worth $458,000 after buying an additional 1,300 shares in the last quarter. Toronto Dominion Bank raised its position in Edison International by 16.3% during the fourth quarter. Toronto Dominion Bank now owns 210,362 shares of the utilities provider’s stock worth $16,795,000 after acquiring an additional 29,446 shares during the period. Finally, Ameriflex Group Inc. acquired a new position in Edison International during the fourth quarter worth $56,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of Edison International from $68.00 to $66.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Wolfe Research lowered shares of Edison International from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 9th. Barclays lifted their price target 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. Finally, Morgan Stanley raised their price objective on shares of Edison International from $55.00 to $61.00 and gave the stock an “underweight” rating in a report on Thursday, September 18th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $72.15.

Edison International Trading Up 1.9%

Shares of EIX stock opened at $55.28 on Wednesday. The firm has a market cap of $21.27 billion, a P/E ratio of 8.12, a PEG ratio of 1.27 and a beta of 0.80. 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. The firm’s 50-day simple moving average is $54.42 and its 200-day simple moving average is $54.73.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the company earned $1.23 EPS. The company’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. As a group, equities analysts forecast that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Tuesday, October 7th. Edison International’s dividend payout ratio (DPR) is 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.