617 Shares in Edison International $EIX Acquired by American National Bank & Trust

American National Bank & Trust purchased a new position in shares of Edison International (NYSE:EIX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 617 shares of the utilities provider’s stock, valued at approximately $32,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. raised its stake in shares of Edison International by 98.7% during the first quarter. Oppenheimer & Co. Inc. now owns 10,982 shares of the utilities provider’s stock worth $647,000 after buying an additional 5,454 shares during the last quarter. Tounjian Advisory Partners LLC bought a new stake in shares of Edison International during the first quarter worth approximately $1,151,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Edison International by 135.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 123,851 shares of the utilities provider’s stock worth $7,297,000 after buying an additional 71,159 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Edison International by 4,157.4% during the first quarter. GAMMA Investing LLC now owns 145,179 shares of the utilities provider’s stock worth $8,554,000 after buying an additional 141,769 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Edison International by 6.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,562,128 shares of the utilities provider’s stock worth $150,961,000 after buying an additional 145,358 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EIX has been the subject of a number of recent research reports. Wolfe Research downgraded shares of Edison International from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 9th. JPMorgan Chase & Co. upped their target price on shares of Edison International from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday. Morgan Stanley lowered their target price on shares of Edison International from $61.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday. Barclays upped their target price on shares of Edison International from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, UBS Group lowered their target price on shares of Edison International from $68.00 to $66.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $71.75.

Edison International Stock Up 1.8%

Edison International stock opened at $55.00 on Friday. The stock has a market capitalization of $21.17 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 1.29 and a beta of 0.80. Edison International has a twelve month low of $47.73 and a twelve month high of $88.64. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The company has a 50 day moving average of $54.64 and a 200-day moving average of $54.70.

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

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Tuesday, October 7th. Edison International’s dividend payout ratio is 48.60%.

Edison International Profile

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.