Commerzbank Aktiengesellschaft FI Buys 9,449 Shares of Edison International $EIX

Commerzbank Aktiengesellschaft FI increased its stake in Edison International (NYSE:EIX) by 148.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,814 shares of the utilities provider’s stock after buying an additional 9,449 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Edison International were worth $817,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. raised its stake in Edison International by 4,633.3% in the first quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider’s stock worth $25,000 after buying an additional 417 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Edison International in the first quarter worth about $25,000. Investment Management Corp VA ADV raised its stake in Edison International by 159.6% in the first quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider’s stock worth $25,000 after buying an additional 265 shares in the last quarter. Kentucky Trust Co raised its stake in Edison International by 66.7% in the second quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock worth $26,000 after buying an additional 200 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in Edison International in the first quarter worth about $35,000. 88.95% of the stock is owned by institutional investors.

Edison International Price Performance

Shares of EIX opened at $52.17 on Friday. The company has a market capitalization of $20.07 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 1.25 and a beta of 0.80. 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 firm has a 50 day moving average of $55.08 and a 200 day moving average of $54.47. Edison International has a twelve month low of $47.73 and a twelve month high of $88.64.

Edison International (NYSE:EIX) last announced 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 the consensus estimate of $4.52 billion. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, equities research analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 7th will be given a dividend of $0.8275 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $3.31 annualized dividend and a dividend yield of 6.3%. Edison International’s dividend payout ratio (DPR) is 48.60%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised 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, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research note on Wednesday. Jefferies Financial Group downgraded shares of Edison International from a “buy” rating to a “hold” rating and decreased their target price for the company from $70.00 to $57.00 in a research note on Thursday, October 2nd. Barclays raised 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, Morgan Stanley decreased 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, September 25th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $64.61.

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.