Foster & Motley Inc. Sells 10,763 Shares of Edison International $EIX

Foster & Motley Inc. cut its holdings in shares of Edison International (NYSE:EIX) by 16.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,293 shares of the utilities provider’s stock after selling 10,763 shares during the quarter. Foster & Motley Inc.’s holdings in Edison International were worth $3,057,000 at the end of the most recent quarter.

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

Edison International Price Performance

Shares of NYSE EIX opened at $59.63 on Friday. The firm has a market cap of $22.94 billion, a P/E ratio of 7.79, a PEG ratio of 0.85 and a beta of 0.83. Edison International has a twelve month low of $47.73 and a twelve month high of $70.50. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 1.95. The company has a 50 day moving average of $58.52 and a 200 day moving average of $55.69.

Edison International (NYSE:EIX) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 EPS for the quarter, topping 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 business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.31 billion. During the same quarter last year, the company earned $1.51 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. As a group, research analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Wednesday, January 7th will be issued a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 5.9%. The ex-dividend date is Wednesday, January 7th. This is a positive change from Edison International’s previous quarterly dividend of $0.83. Edison International’s dividend payout ratio is 45.88%.

Insiders Place Their Bets

In other Edison International 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 transaction of $99,486.00. Following the transaction, the director owned 35,212 shares in the company, valued at approximately $1,946,167.24. This represents a 4.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EIX. Zacks Research lowered shares of Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. Barclays lowered their target price on shares of Edison International from $69.00 to $68.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Wall Street Zen downgraded Edison International from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Morgan Stanley set a $57.00 price objective on Edison International in a research note on Wednesday, December 17th. Six investment 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 MarketBeat, the company has an average rating of “Hold” and an average target price of $63.50.

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.