Edison International $EIX Stock Position Raised by Michels Family Financial LLC

Michels Family Financial LLC increased its position in Edison International (NYSE:EIX) by 2.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 14,986 shares of the utilities provider’s stock after purchasing an additional 358 shares during the period. Michels Family Financial LLC’s holdings in Edison International were worth $773,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Old Port Advisors boosted its position in shares of Edison International by 31.6% in the second quarter. Old Port Advisors now owns 26,126 shares of the utilities provider’s stock worth $1,348,000 after buying an additional 6,274 shares during the period. Patton Fund Management Inc. purchased a new stake in Edison International in the 2nd quarter worth about $235,000. American National Bank & Trust acquired a new stake in Edison International during the 2nd quarter worth about $32,000. Public Employees Retirement System of Ohio grew its stake in Edison International by 1.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 118,334 shares of the utilities provider’s stock valued at $6,106,000 after acquiring an additional 1,179 shares in the last quarter. Finally, Kentucky Trust Co grew its stake in Edison International by 66.7% during the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Stock Performance

Shares of EIX opened at $55.00 on Friday. The firm has a market cap of $21.17 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 1.29 and a beta of 0.80. The company’s fifty day moving average is $54.64 and its 200-day moving average is $54.70. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. Edison International has a 12 month low of $47.73 and a 12 month high of $88.64.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.52 billion. Edison International had a net margin of 16.00% and a return on equity of 11.99%. Edison International’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.23 EPS. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Equities analysts expect 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 Friday, October 31st. Stockholders of record on Tuesday, October 7th will be issued a dividend of $0.8275 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.0%. Edison International’s dividend payout ratio is currently 48.60%.

Analyst Ratings Changes

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

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.