Edison International $EIX Shares Sold by Signaturefd LLC

Signaturefd LLC decreased its stake in shares of Edison International (NYSE:EIX) by 31.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,607 shares of the utilities provider’s stock after selling 2,108 shares during the period. Signaturefd LLC’s holdings in Edison International were worth $238,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EIX. Rakuten Securities Inc. increased its stake in Edison International by 4,633.3% during the 1st quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider’s stock valued at $25,000 after buying an additional 417 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in Edison International during the 1st quarter valued at about $25,000. Investment Management Corp VA ADV increased its stake in 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 buying an additional 265 shares during the period. Kentucky Trust Co increased its stake in Edison International by 66.7% during the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after buying an additional 200 shares during the period. Finally, American National Bank & Trust bought a new position in shares of Edison International during the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of EIX opened at $54.42 on Friday. Edison International has a one year low of $47.73 and a one year high of $88.64. The company has a 50-day moving average of $54.93 and a two-hundred day moving average of $54.67. The stock has a market cap of $20.94 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 1.32 and a beta of 0.80. 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 announced its earnings results on Thursday, July 31st. The utilities provider reported $0.97 EPS for the quarter, topping 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 company had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same period last year, the company posted $1.23 earnings per share. The business’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. On average, equities research analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

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 $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, October 7th. Edison International’s dividend payout ratio is 48.60%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of Edison International from $61.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, September 25th. Wolfe Research lowered shares of Edison International from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 9th. JPMorgan Chase & Co. raised 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, September 25th. UBS Group reduced their price objective 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. Finally, Barclays raised their price objective on shares of Edison International from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $68.15.

Edison International Company 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.