Mutual of America Capital Management LLC Cuts Holdings in Edison International $EIX

Mutual of America Capital Management LLC lowered its stake in Edison International (NYSE:EIX) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,118 shares of the utilities provider’s stock after selling 897 shares during the period. Mutual of America Capital Management LLC’s holdings in Edison International were worth $2,276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its stake in Edison International by 98.7% in the first quarter. Oppenheimer & Co. Inc. now owns 10,982 shares of the utilities provider’s stock worth $647,000 after purchasing an additional 5,454 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Edison International by 6.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,562,128 shares of the utilities provider’s stock worth $150,961,000 after purchasing an additional 145,358 shares during the last quarter. Blackhawk Capital Partners LLC. bought a new stake in Edison International in the first quarter worth about $399,000. Trilogy Capital Inc. lifted its stake in Edison International by 24.9% in the first quarter. Trilogy Capital Inc. now owns 46,435 shares of the utilities provider’s stock worth $2,736,000 after purchasing an additional 9,257 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its stake in Edison International by 41.4% in the first quarter. Edgestream Partners L.P. now owns 141,947 shares of the utilities provider’s stock worth $8,364,000 after purchasing an additional 41,537 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EIX. Barclays lifted their price target on shares of Edison International from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research note on Wednesday, October 8th. Cowen began coverage on shares of Edison International in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Jefferies Financial Group lifted their price target on shares of Edison International from $57.00 to $59.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Morgan Stanley lifted their price target on shares of Edison International from $60.00 to $66.00 and gave the company an “underweight” rating in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edison International presently has an average rating of “Hold” and an average price target of $66.45.

Edison International Trading Up 0.9%

EIX stock opened at $57.76 on Friday. The company’s 50-day simple moving average is $55.40 and its 200-day simple moving average is $54.48. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. Edison International has a 52-week low of $47.73 and a 52-week high of $88.64. The firm has a market cap of $22.23 billion, a P/E ratio of 8.48, a PEG ratio of 0.87 and a beta of 0.80.

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 during the quarter, compared to the consensus estimate of $4.52 billion. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 EPS. 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 fiscal year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 7th will be given a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, October 7th. Edison International’s dividend payout ratio (DPR) is currently 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.