Banco Bilbao Vizcaya Argentaria S.A. Decreases Stock Holdings in Edison International $EIX

Banco Bilbao Vizcaya Argentaria S.A. lowered its stake in shares of Edison International (NYSE:EIX) by 22.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,199 shares of the utilities provider’s stock after selling 2,025 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Edison International were worth $371,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sigma Planning Corp raised its position in shares of Edison International by 18.5% in the first quarter. Sigma Planning Corp now owns 3,840 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 600 shares during the period. Private Advisor Group LLC grew its stake in Edison International by 1.5% in the 1st quarter. Private Advisor Group LLC now owns 17,764 shares of the utilities provider’s stock valued at $1,047,000 after buying an additional 254 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in Edison International by 21.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 14,736 shares of the utilities provider’s stock valued at $868,000 after buying an additional 2,643 shares in the last quarter. IFP Advisors Inc raised its holdings in Edison International by 105.5% during the 1st quarter. IFP Advisors Inc now owns 3,631 shares of the utilities provider’s stock valued at $214,000 after acquiring an additional 1,864 shares during the period. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of Edison International during the first quarter worth $1,032,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Edison International from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. Morgan Stanley boosted their price target on shares of Edison International from $60.00 to $66.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group raised their price objective on shares of Edison International from $57.00 to $59.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a report on Monday. Finally, Wall Street Zen cut shares of Edison International from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edison International has an average rating of “Hold” and an average target price of $64.30.

Insider Activity

In other news, Director Peter J. Taylor sold 1,800 shares of the firm’s 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 sale, the director owned 35,212 shares of the company’s stock, valued at $1,946,167.24. This trade represents a 4.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by insiders.

Edison International Price Performance

EIX opened at $58.46 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.95. The stock has a fifty day simple moving average of $56.00 and a two-hundred day simple moving average of $54.48. Edison International has a 12-month low of $47.73 and a 12-month high of $88.64. The company has a market cap of $22.50 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 0.83 and a beta of 0.85.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.18. The company 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 firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.51 EPS. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. Research analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 7th were paid a dividend of $0.8275 per share. The ex-dividend date was Tuesday, October 7th. This represents a $3.31 annualized dividend and a yield of 5.7%. Edison International’s dividend payout ratio is currently 43.27%.

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.