Brighton Jones LLC Grows Stake in Edison International $EIX

Brighton Jones LLC raised its stake in shares of Edison International (NYSE:EIX) by 40.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,640 shares of the utilities provider’s stock after purchasing an additional 10,270 shares during the period. Brighton Jones LLC’s holdings in Edison International were worth $1,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Kentucky Trust Co boosted its holdings 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 worth $26,000 after purchasing an additional 200 shares during the period. American National Bank & Trust purchased a new position in Edison International during the second quarter worth $32,000. Laurel Wealth Advisors LLC boosted its stake in Edison International by 5,064.3% during the second quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock worth $37,000 after buying an additional 709 shares during the period. CoreFirst Bank & Trust bought a new position in Edison International during the second quarter valued at $38,000. Finally, Hilltop National Bank bought a new position in Edison International during the second quarter valued at $44,000. 88.95% of the stock is owned by institutional investors.

Edison International Stock Performance

Shares of NYSE:EIX opened at $60.61 on Tuesday. The firm has a market cap of $23.32 billion, a PE ratio of 7.92, a price-to-earnings-growth ratio of 0.90 and a beta of 0.83. The firm’s 50 day simple moving average is $57.70 and its 200-day simple moving average is $54.85. Edison International has a one year low of $47.73 and a one year high of $81.02. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.76 and a current ratio of 0.82.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.18. Edison International had a return on equity of 13.62% and a net margin of 17.24%.The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.31 billion. During the same quarter in the previous year, the business earned $1.51 earnings per share. Edison International’s quarterly revenue was up 10.6% on a year-over-year basis. 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 EPS for the current year.

Edison International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Wednesday, January 7th will be paid a dividend of $0.8775 per share. This is an increase from Edison International’s previous quarterly dividend of $0.83. This represents a $3.51 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Wednesday, January 7th. Edison International’s payout ratio is 43.27%.

Insider Buying and Selling at Edison International

In related news, Director Peter J. Taylor sold 1,800 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $55.27, for a total value of $99,486.00. Following the completion of the sale, the director directly owned 35,212 shares of the company’s stock, valued at $1,946,167.24. This represents 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 through the SEC website. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of Edison International from $57.00 to $59.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a research report on Monday, December 15th. LADENBURG THALM/SH SH boosted their target price on Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Zacks Research cut Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Finally, Wells Fargo & Company upgraded Edison International to a “hold” rating in a report on Tuesday, October 28th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Edison International has a consensus rating of “Hold” and a consensus target price of $63.50.

Edison International Profile

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.