Natixis Decreases Holdings in Edison International $EIX

Natixis reduced its holdings in shares of Edison International (NYSE:EIX) by 58.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,336 shares of the utilities provider’s stock after selling 68,864 shares during the quarter. Natixis’ holdings in Edison International were worth $2,546,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in EIX. Blair William & Co. IL boosted its holdings in Edison International by 11.7% in the first quarter. Blair William & Co. IL now owns 3,446 shares of the utilities provider’s stock valued at $203,000 after purchasing an additional 362 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Edison International during the 1st quarter worth approximately $35,000. JPMorgan Chase & Co. boosted its holdings in shares of Edison International by 111.6% in the 1st quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider’s stock valued at $333,689,000 after buying an additional 2,987,318 shares in the last quarter. Nuveen LLC purchased a new position in shares of Edison International in the 1st quarter valued at $61,916,000. Finally, Public Sector Pension Investment Board raised its stake in Edison International by 42.9% during the 1st quarter. Public Sector Pension Investment Board now owns 143,553 shares of the utilities provider’s stock worth $8,458,000 after acquiring an additional 43,126 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Insider Buying and Selling at Edison International

In other news, Director Peter J. Taylor sold 1,800 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $55.27, for a total transaction of $99,486.00. Following the transaction, the director directly owned 35,212 shares in the company, valued at $1,946,167.24. The trade was a 4.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on EIX shares. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a research note on Monday. Zacks Research raised Edison International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Cowen assumed coverage on Edison International in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. TD Cowen started coverage on Edison International in a research report on Thursday, October 16th. They set a “buy” rating and a $71.00 price target on the stock. Finally, Wall Street Zen downgraded Edison International from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edison International currently has an average rating of “Hold” and a consensus price target of $64.50.

Edison International Stock Up 1.6%

Edison International stock opened at $57.52 on Thursday. The stock has a 50 day moving average of $56.82 and a two-hundred day moving average of $54.65. Edison International has a twelve month low of $47.73 and a twelve month high of $83.05. The stock has a market capitalization of $22.13 billion, a price-to-earnings ratio of 7.52, a PEG ratio of 0.85 and a beta of 0.83. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 1.95.

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

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th were paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Tuesday, October 7th. Edison International’s dividend payout ratio (DPR) is 43.27%.

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.