Edison International Target of Unusually Large Options Trading (NYSE:EIX)

Edison International (NYSE:EIX) was the recipient of unusually large options trading activity on Tuesday. Traders bought 94,754 call options on the stock. This represents an increase of approximately 3,116% compared to the average daily volume of 2,946 call options.

Insider Activity at Edison International

In other Edison International news, Director Peter J. Taylor sold 1,800 shares of the firm’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 value of $99,486.00. Following the sale, the director owned 35,212 shares in the company, valued at approximately $1,946,167.24. This trade represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Edison International

A number of institutional investors and hedge funds have recently modified their holdings of EIX. Maryland State Retirement & Pension System raised its stake in shares of Edison International by 5.3% in the second quarter. Maryland State Retirement & Pension System now owns 364,525 shares of the utilities provider’s stock valued at $18,809,000 after purchasing an additional 18,412 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Edison International by 7.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 132,866 shares of the utilities provider’s stock valued at $6,982,000 after buying an additional 9,015 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of Edison International in the 2nd quarter valued at $456,000. Voya Investment Management LLC lifted its holdings in shares of Edison International by 9.8% during the 1st quarter. Voya Investment Management LLC now owns 351,524 shares of the utilities provider’s stock worth $20,712,000 after acquiring an additional 31,488 shares during the period. Finally, Moody National Bank Trust Division boosted its position in shares of Edison International by 107.2% during the 2nd quarter. Moody National Bank Trust Division now owns 23,573 shares of the utilities provider’s stock valued at $1,216,000 after acquiring an additional 12,195 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EIX shares. Jefferies Financial Group raised their target price on 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 research note on Monday, December 29th. JPMorgan Chase & Co. cut their price objective on shares of Edison International from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. UBS Group increased their target price on shares of Edison International from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, Wells Fargo & Company upgraded shares of Edison International to a “hold” rating in a research report on Tuesday, October 28th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $63.50.

Edison International Trading Down 0.3%

Shares of EIX stock opened at $60.47 on Wednesday. The stock has a 50-day simple moving average of $58.37 and a 200 day simple moving average of $55.64. The stock has a market capitalization of $23.27 billion, a P/E ratio of 7.90, a P/E/G ratio of 0.88 and a beta of 0.83. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $78.36. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX) last issued its quarterly 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. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same period in the prior year, the company earned $1.51 EPS. Edison International’s 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. On average, sell-side analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Wednesday, January 7th will be given a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 5.8%. This is a positive change from Edison International’s previous quarterly dividend of $0.83. The ex-dividend date is Wednesday, January 7th. Edison International’s dividend payout ratio (DPR) is presently 43.27%.

Edison International Company 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.