Groupama Asset Managment Buys 25,019 Shares of Edison International $EIX

Groupama Asset Managment increased its stake in Edison International (NYSE:EIX) by 597.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,208 shares of the utilities provider’s stock after buying an additional 25,019 shares during the quarter. Groupama Asset Managment’s holdings in Edison International were worth $1,699,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S lifted its position in Edison International by 283.2% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 209,487 shares of the utilities provider’s stock worth $12,343,000 after buying an additional 154,814 shares during the last quarter. Hsbc Holdings PLC lifted its position in Edison International by 9.4% in the first quarter. Hsbc Holdings PLC now owns 2,617,303 shares of the utilities provider’s stock worth $154,052,000 after buying an additional 225,965 shares during the last quarter. Financial Advisors Network Inc. lifted its position in Edison International by 14.8% in the first quarter. Financial Advisors Network Inc. now owns 6,915 shares of the utilities provider’s stock worth $407,000 after buying an additional 892 shares during the last quarter. Quantbot Technologies LP lifted its position in Edison International by 4,506.8% in the first quarter. Quantbot Technologies LP now owns 224,489 shares of the utilities provider’s stock worth $13,227,000 after buying an additional 219,616 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in Edison International by 89.3% in the first quarter. Brooklyn Investment Group now owns 1,456 shares of the utilities provider’s stock worth $86,000 after buying an additional 687 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on EIX shares. Wolfe Research downgraded Edison International from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 9th. Evercore ISI restated an “outperform” rating on shares of Edison International in a research report on Thursday, May 15th. Morgan Stanley lowered their price target on Edison International from $52.00 to $51.00 and set an “underweight” rating for the company in a research report on Wednesday, June 18th. Barclays lifted their target price on Edison International from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Edison International from $75.00 to $71.00 and set a “neutral” rating for the company in a research note on Monday, May 19th. Nine investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.21.

Edison International Price Performance

Shares of EIX stock opened at $56.3360 on Wednesday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $88.77. The firm has a market capitalization of $21.68 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 1.31 and a beta of 0.75. The stock’s 50-day simple moving average is $52.15 and its 200-day simple moving average is $54.24.

Edison International (NYSE:EIX) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the previous year, the company posted $1.23 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, equities analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 7th were issued a $0.8275 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.9%. Edison International’s payout ratio is presently 48.60%.

About Edison International

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.