Edison International $EIX Stake Boosted by Allworth Financial LP

Allworth Financial LP boosted its holdings in Edison International (NYSE:EIX) by 20.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,949 shares of the utilities provider’s stock after purchasing an additional 3,486 shares during the quarter. Allworth Financial LP’s holdings in Edison International were worth $1,081,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted 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 valued at $150,961,000 after acquiring an additional 145,358 shares during the period. Trilogy Capital Inc. lifted its holdings in shares of Edison International by 24.9% in the 1st 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. Ontario Teachers Pension Plan Board boosted its position in Edison International by 64.6% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 85,883 shares of the utilities provider’s stock valued at $5,060,000 after purchasing an additional 33,718 shares during the period. SYM FINANCIAL Corp bought a new position in Edison International during the 1st quarter worth $351,000. Finally, Maryland State Retirement & Pension System grew its stake in Edison International by 5.3% during the 2nd quarter. Maryland State Retirement & Pension System now owns 364,525 shares of the utilities provider’s stock worth $18,809,000 after buying an additional 18,412 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Peter J. Taylor sold 1,800 shares of Edison International stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $55.27, for a total transaction of $99,486.00. Following the transaction, the director directly owned 35,212 shares of the company’s stock, valued at $1,946,167.24. The trade was a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.

Edison International Trading Down 0.6%

Edison International stock opened at $58.72 on Friday. The firm has a 50 day simple moving average of $55.84 and a 200-day simple moving average of $54.46. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market capitalization of $22.60 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 0.83 and a beta of 0.85. Edison International has a 12-month low of $47.73 and a 12-month high of $88.64.

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

Edison International Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Edison International from $69.00 to $68.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. TD Cowen assumed coverage on shares of Edison International in a research note on Thursday, October 16th. They set a “buy” rating and a $71.00 target price for the company. LADENBURG THALM/SH SH upped their target price on shares of Edison International from $52.50 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price target on Edison International from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. Finally, Morgan Stanley boosted their price objective on Edison International from $60.00 to $66.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $64.30.

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.