Charles Schwab Investment Management Inc. Increases Stake in Edison International $EIX

Charles Schwab Investment Management Inc. grew its stake in shares of Edison International (NYSE:EIX) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,627,750 shares of the utilities provider’s stock after purchasing an additional 65,622 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.68% of Edison International worth $135,592,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EIX. American Century Companies Inc. raised its holdings in Edison International by 1.8% during the 2nd quarter. American Century Companies Inc. now owns 210,926 shares of the utilities provider’s stock valued at $10,884,000 after buying an additional 3,642 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Edison International by 1.4% during the second quarter. Rhumbline Advisers now owns 809,305 shares of the utilities provider’s stock valued at $41,760,000 after acquiring an additional 10,866 shares during the last quarter. Mufg Securities Americas Inc. raised its stake in shares of Edison International by 24.4% during the second quarter. Mufg Securities Americas Inc. now owns 8,527 shares of the utilities provider’s stock valued at $440,000 after acquiring an additional 1,674 shares during the last quarter. Mediolanum International Funds Ltd boosted its holdings in shares of Edison International by 1,143.5% during the second quarter. Mediolanum International Funds Ltd now owns 167,550 shares of the utilities provider’s stock worth $8,540,000 after purchasing an additional 154,076 shares during the period. Finally, Brandywine Global Investment Management LLC grew its stake in shares of Edison International by 17.6% in the second quarter. Brandywine Global Investment Management LLC now owns 944,353 shares of the utilities provider’s stock worth $48,729,000 after purchasing an additional 140,993 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Trading Up 1.2%

Edison International stock opened at $59.18 on Friday. Edison International has a 12 month low of $47.73 and a 12 month high of $88.64. The company has a market capitalization of $22.77 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 0.83 and a beta of 0.85. The business’s fifty day simple moving average is $56.40 and its two-hundred day simple moving average is $54.64. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.18. The business had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.31 billion. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period 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 analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th were issued 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 of this dividend was Tuesday, October 7th. Edison International’s dividend payout ratio (DPR) is presently 43.27%.

Insider Buying and Selling at Edison International

In other news, Director Peter J. Taylor sold 1,800 shares of the business’s stock in a transaction that occurred on 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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Edison International from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, September 25th. UBS Group dropped their price target on Edison International from $68.00 to $66.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Cowen started coverage on shares of Edison International in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. LADENBURG THALM/SH SH boosted their price objective on shares of Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Finally, Barclays dropped their target price on shares of Edison International from $69.00 to $68.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Edison International has a consensus rating of “Hold” and a consensus price target of $64.10.

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.