Wealth Enhancement Advisory Services LLC Has $9.09 Million Stock Position in Edison International $EIX

Wealth Enhancement Advisory Services LLC increased its stake in Edison International (NYSE:EIX) by 27.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,261 shares of the utilities provider’s stock after purchasing an additional 36,395 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Edison International were worth $9,088,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Intrua Financial LLC increased its position in shares of Edison International by 20.2% in the third quarter. Intrua Financial LLC now owns 8,549 shares of the utilities provider’s stock worth $473,000 after acquiring an additional 1,439 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Edison International by 59.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 18,873 shares of the utilities provider’s stock worth $1,043,000 after purchasing an additional 7,044 shares during the period. Maryland State Retirement & Pension System boosted its stake in Edison International by 3.0% in the 3rd quarter. Maryland State Retirement & Pension System now owns 375,358 shares of the utilities provider’s stock worth $20,750,000 after purchasing an additional 10,833 shares during the period. Evergreen Capital Management LLC grew its position in Edison International by 387.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 19,233 shares of the utilities provider’s stock worth $1,063,000 after purchasing an additional 15,286 shares in the last quarter. Finally, Csenge Advisory Group acquired a new stake in Edison International during the 3rd quarter valued at $466,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Stock Down 0.1%

Shares of Edison International stock opened at $60.68 on Friday. The firm has a market cap of $23.35 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of 0.89 and a beta of 0.83. The stock has a 50-day simple moving average of $59.39 and a 200-day simple moving average of $56.42. Edison International has a 52-week low of $47.73 and a 52-week high of $62.62. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.82 and a quick ratio of 0.76.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.18. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.31 billion. Edison International had a return on equity of 13.62% and a net margin of 17.24%.The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.51 earnings per share. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Wednesday, January 7th will be paid a $0.8775 dividend. This represents a $3.51 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Wednesday, January 7th. This is a boost from Edison International’s previous quarterly dividend of $0.83. Edison International’s dividend payout ratio (DPR) is presently 45.88%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EIX. Wall Street Zen raised Edison International from a “hold” rating to a “buy” rating in a research report on Thursday, January 15th. Morgan Stanley restated an “underweight” rating on shares of Edison International in a research report on Wednesday. Barclays lowered their target price on Edison International from $68.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group reissued a “buy” rating on shares of Edison International in a research report on Friday, January 16th. Finally, Wells Fargo & Company downgraded shares of Edison International from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $56.00 to $59.00 in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $63.70.

Insider Activity

In related news, Director Peter J. Taylor sold 1,800 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 35,212 shares in the company, valued at approximately $1,946,167.24. This represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

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.