Edison International $EIX Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Edison International (NYSE:EIX) by 74.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 27,626 shares of the utilities provider’s stock after acquiring an additional 11,812 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Edison International were worth $1,528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nordea Investment Management AB grew its holdings in shares of Edison International by 1.7% during the third quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock valued at $92,984,000 after buying an additional 28,586 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in Edison International by 5.3% during 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 during the period. Chicago Partners Investment Group LLC purchased a new stake in Edison International during the 2nd quarter valued at about $456,000. Los Angeles Capital Management LLC increased its holdings in shares of Edison International by 237.2% in the second quarter. Los Angeles Capital Management LLC now owns 1,904,568 shares of the utilities provider’s stock valued at $98,276,000 after purchasing an additional 1,339,806 shares during the period. Finally, Hilltop National Bank purchased a new position in shares of Edison International in the second quarter worth about $44,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Stock Performance

Shares of NYSE EIX opened at $60.68 on Monday. The company has a market capitalization of $23.35 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 0.89 and a beta of 0.83. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.76 and a current ratio of 0.82. The company’s fifty day moving average price is $59.39 and its 200 day moving average price is $56.50. Edison International has a 1 year low of $47.73 and a 1 year high of $62.62.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share for the quarter, topping 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 business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter in the prior year, the firm posted $1.51 earnings per share. The company’s 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. On average, research analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Wednesday, January 7th will be given a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.8%. This is a boost 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 45.88%.

Analysts Set New Price Targets

EIX has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Edison International from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. Barclays cut their price objective on shares of Edison International from $68.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday. Morgan Stanley restated an “underweight” rating on shares of Edison International in a research report on Wednesday. Finally, LADENBURG THALM/SH SH upped their price target on shares of Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $63.70.

Insider Buying and Selling at Edison International

In other news, Director Peter J. Taylor sold 1,800 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was 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 $1,946,167.24. This trade represents a 4.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.

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.