Public Employees Retirement System of Ohio Grows Position in Edison International $EIX

Public Employees Retirement System of Ohio lifted its position in shares of Edison International (NYSE:EIX) by 1.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 118,334 shares of the utilities provider’s stock after purchasing an additional 1,179 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Edison International were worth $6,106,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. lifted its position in Edison International by 4,633.3% during the first quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider’s stock valued at $25,000 after buying an additional 417 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Edison International in the 1st quarter valued at $25,000. Investment Management Corp VA ADV lifted its holdings in shares of Edison International by 159.6% during 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. Kentucky Trust Co boosted its position in Edison International by 66.7% during the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 200 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new stake in Edison International during the 1st quarter worth $35,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

Edison International stock opened at $55.00 on Monday. Edison International has a 52 week low of $47.73 and a 52 week high of $88.64. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 2.03. The stock has a market cap of $21.17 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 1.29 and a beta of 0.80. The stock has a 50 day moving average of $54.64 and a 200-day moving average of $54.69.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the prior year, the company posted $1.23 earnings per share. The firm’s quarterly 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. On average, analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be given a dividend of $0.8275 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $3.31 annualized dividend and a dividend yield of 6.0%. Edison International’s dividend payout ratio (DPR) is presently 48.60%.

Analyst Upgrades and Downgrades

Several research analysts have commented on EIX shares. Barclays raised their price objective on Edison International from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Wolfe Research downgraded Edison International from an “outperform” rating to a “peer perform” rating in a report on Monday, June 9th. UBS Group decreased their price target on Edison International from $68.00 to $66.00 and set a “buy” rating for the company in a report on Thursday, September 11th. JPMorgan Chase & Co. increased their price objective on shares of Edison International from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Morgan Stanley reduced their target price on shares of Edison International from $61.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday. Seven equities research 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 data from MarketBeat.com, Edison International has an average rating of “Hold” and an average target price of $71.75.

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.