Stock Traders Purchase Large Volume of Edison International Call Options (NYSE:EIX)

Edison International (NYSE:EIX) saw some unusual options trading on Monday. Stock investors bought 17,035 call options on the stock. This is an increase of 507% compared to the average volume of 2,807 call options.

Analyst Ratings Changes

EIX has been the topic of several research analyst reports. Wells Fargo & Company lowered Edison International from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $56.00 to $59.00 in a report on Tuesday, January 20th. Zacks Research lowered Edison International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. UBS Group lowered Edison International from a “buy” rating to a “neutral” rating and raised their price objective for the company from $70.00 to $78.00 in a report on Friday, February 13th. Morgan Stanley reissued an “underweight” rating on shares of Edison International in a report on Friday, February 20th. Finally, Wall Street Zen downgraded Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $69.44.

Hedge Funds Weigh In On Edison International

A number of institutional investors have recently added to or reduced their stakes in EIX. 10Elms LLP purchased a new position in Edison International during the fourth quarter worth approximately $26,000. Transamerica Financial Advisors LLC lifted its position in Edison International by 170.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after buying an additional 281 shares in the last quarter. Activest Wealth Management lifted its position in Edison International by 677.8% during the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after buying an additional 488 shares in the last quarter. CVA Family Office LLC lifted its position in Edison International by 113.7% during the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after buying an additional 307 shares in the last quarter. Finally, Ransom Advisory Ltd lifted its position in Edison International by 74.9% during the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after buying an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

NYSE EIX opened at $73.57 on Tuesday. The company has a market cap of $28.32 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. The stock’s 50 day simple moving average is $70.14 and its 200-day simple moving average is $62.20. Edison International has a 1-year low of $47.73 and a 1-year high of $75.50. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.68.

Edison International (NYSE:EIX) last released its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.40. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.29 billion. Edison International had a return on equity of 14.87% and a net margin of 24.34%.During the same quarter last year, the business posted $1.05 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. As a group, equities research analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be given a dividend of $0.8775 per share. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.8%. Edison International’s dividend payout ratio (DPR) is presently 30.36%.

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.