Edison International (EIX) to Issue Quarterly Dividend of $0.88 on January 31st

Edison International (NYSE:EIX) announced a quarterly dividend on Thursday, December 11th. Stockholders of record on Wednesday, January 7th will be given a dividend of 0.8775 per share by the utilities provider on Saturday, January 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Wednesday, January 7th. This is a 6.0% increase from Edison International’s previous quarterly dividend of $0.83.

Edison International has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 23 consecutive years. Edison International has a dividend payout ratio of 57.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Edison International to earn $5.76 per share next year, which means the company should continue to be able to cover its $3.51 annual dividend with an expected future payout ratio of 60.9%.

Edison International Price Performance

EIX stock opened at $60.85 on Monday. The stock has a market cap of $23.41 billion, a price-to-earnings ratio of 7.95, a P/E/G ratio of 0.89 and a beta of 0.83. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.82 and a quick ratio of 0.76. The company has a 50 day simple moving average of $58.21 and a 200 day simple moving average of $55.49. Edison International has a 1 year low of $47.73 and a 1 year high of $80.90.

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

Insider Buying and Selling at Edison International

In other Edison International news, Director Peter J. Taylor sold 1,800 shares of the 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 completion of the sale, the director directly owned 35,212 shares in the company, valued at approximately $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 accessible through this link. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Edison International

Several institutional investors have recently added to or reduced their stakes in EIX. GAMMA Investing LLC grew its position in shares of Edison International by 14.5% during the 4th quarter. GAMMA Investing LLC now owns 3,768 shares of the utilities provider’s stock worth $226,000 after buying an additional 477 shares during the period. AIA Group Ltd lifted its position in shares of Edison International by 192.2% during the 3rd quarter. AIA Group Ltd now owns 215,462 shares of the utilities provider’s stock valued at $11,911,000 after acquiring an additional 141,734 shares during the period. Allworth Financial LP boosted its stake in Edison International by 2.5% during the third quarter. Allworth Financial LP now owns 21,467 shares of the utilities provider’s stock worth $1,187,000 after acquiring an additional 518 shares in the last quarter. IFP Advisors Inc grew its holdings in Edison International by 302.6% in the third quarter. IFP Advisors Inc now owns 15,236 shares of the utilities provider’s stock worth $842,000 after purchasing an additional 11,452 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in Edison International by 5.9% in the third quarter. CIBC Private Wealth Group LLC now owns 11,483 shares of the utilities provider’s stock valued at $635,000 after purchasing an additional 639 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

About Edison International

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.