ABN Amro Investment Solutions Makes New Investment in Edison International $EIX

ABN Amro Investment Solutions acquired a new position in shares of Edison International (NYSE:EIX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 24,400 shares of the utilities provider’s stock, valued at approximately $1,259,000.

Other institutional investors also recently modified their holdings of the company. Investment Management Corp VA ADV increased its stake in Edison International by 159.6% in the first quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 265 shares in the last quarter. Kentucky Trust Co grew its stake in shares of Edison International by 66.7% in 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. American National Bank & Trust acquired a new stake in shares of Edison International in the 2nd quarter valued at about $32,000. Zions Bancorporation National Association UT bought a new stake in Edison International in the 1st quarter valued at about $35,000. Finally, Hilltop National Bank acquired a new position in Edison International during the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EIX shares. Morgan Stanley raised their price objective on Edison International from $60.00 to $66.00 and gave the company an “underweight” rating in a research note on Wednesday, October 22nd. UBS Group reduced their price target 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. Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Zacks Research raised shares of Edison International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Edison International from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $64.30.

Edison International Trading Down 0.6%

Shares of EIX stock opened at $58.72 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.81 and a current ratio of 0.82. The company has a market capitalization of $22.60 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 0.83 and a beta of 0.85. Edison International has a 52-week low of $47.73 and a 52-week high of $88.64. The company has a 50-day simple moving average of $55.84 and a two-hundred day simple moving average of $54.46.

Edison International (NYSE:EIX) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.18. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.31 billion. Edison International had a return on equity of 13.62% and a net margin of 17.24%.The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 EPS. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. Research analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th were paid a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Tuesday, October 7th. Edison International’s payout ratio is presently 43.27%.

Insider Buying and Selling at Edison International

In related news, Director Peter J. Taylor sold 1,800 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $55.27, for a total transaction of $99,486.00. Following the completion of the transaction, the director owned 35,212 shares in the company, valued at approximately $1,946,167.24. This represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

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.