Edison International $EIX Shares Acquired by Advisory Alpha LLC

Advisory Alpha LLC lifted its stake in Edison International (NYSE:EIX) by 26.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,192 shares of the utilities provider’s stock after purchasing an additional 1,072 shares during the quarter. Advisory Alpha LLC’s holdings in Edison International were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. AQR Capital Management LLC grew its holdings in shares of Edison International by 190.5% during the first quarter. AQR Capital Management LLC now owns 5,428,038 shares of the utilities provider’s stock valued at $319,169,000 after buying an additional 3,559,602 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Edison International by 111.6% during the 1st quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider’s stock worth $333,689,000 after acquiring an additional 2,987,318 shares during the period. ATLAS Infrastructure Partners UK Ltd. lifted its position in Edison International by 197.2% during the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,395,732 shares of the utilities provider’s stock worth $258,997,000 after acquiring an additional 2,916,645 shares during the period. Canada Pension Plan Investment Board lifted its position in Edison International by 38.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,658,597 shares of the utilities provider’s stock worth $274,485,000 after acquiring an additional 1,289,062 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Edison International by 42.7% during the 1st quarter. Ameriprise Financial Inc. now owns 3,988,091 shares of the utilities provider’s stock worth $234,978,000 after acquiring an additional 1,194,296 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Up 0.5%

EIX opened at $55.67 on Friday. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $88.64. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.81 and a current ratio of 0.82. The company has a fifty day moving average of $55.45 and a two-hundred day moving average of $54.48. The stock has a market capitalization of $21.42 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 0.83 and a beta of 0.80.

Edison International (NYSE:EIX) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.18. Edison International had a return on equity of 13.62% and a net margin of 17.24%.The firm had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.31 billion. During the same period last year, the firm earned $1.51 EPS. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. On average, research analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, October 7th. Edison International’s dividend payout ratio is presently 43.27%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EIX shares. UBS Group reduced their price objective on Edison International from $68.00 to $66.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Barclays cut their price target on shares of Edison International from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Wednesday. Cowen assumed coverage on shares of Edison International in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. Zacks Research raised shares of Edison International from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Edison International from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $64.30.

Edison International Company 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.