Brighton Jones LLC Boosts Stake in Edison International $EIX

Brighton Jones LLC raised its stake in shares of Edison International (NYSE:EIX) by 40.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,640 shares of the utilities provider’s stock after acquiring an additional 10,270 shares during the quarter. Brighton Jones LLC’s holdings in Edison International were worth $1,970,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Kentucky Trust Co grew 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 valued at $26,000 after purchasing an additional 200 shares during the last quarter. American National Bank & Trust bought a new stake in shares of Edison International in the 2nd quarter valued at about $32,000. Laurel Wealth Advisors LLC grew its position in shares of Edison International by 5,064.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock worth $37,000 after buying an additional 709 shares during the last quarter. CoreFirst Bank & Trust bought a new position in shares of Edison International during the 2nd quarter worth approximately $38,000. Finally, Hilltop National Bank purchased a new stake in Edison International during the second quarter valued at approximately $44,000. 88.95% of the stock is owned by institutional investors.

Insider Transactions at Edison International

In other Edison International news, Director Peter J. Taylor sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $55.27, for a total value of $99,486.00. Following the sale, the director directly owned 35,212 shares of the company’s stock, valued at approximately $1,946,167.24. This trade represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EIX. Morgan Stanley set a $57.00 price target on Edison International in a research report on Wednesday, December 17th. Jefferies Financial Group upped their target price on Edison International from $57.00 to $59.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company raised Edison International to a “hold” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. dropped their price target on Edison International from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Finally, Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a research report on Monday. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Edison International currently has a consensus rating of “Hold” and a consensus price target of $63.50.

Edison International Stock Up 0.8%

Shares of EIX stock opened at $60.61 on Tuesday. Edison International has a twelve month low of $47.73 and a twelve month high of $81.02. The stock has a market cap of $23.32 billion, a P/E ratio of 7.92, a P/E/G ratio of 0.90 and a beta of 0.83. The stock has a 50 day moving average of $57.70 and a 200 day moving average of $54.85. 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, beating the consensus estimate of $2.16 by $0.18. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.31 billion. During the same quarter last year, the business earned $1.51 earnings per share. The firm’s 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. As a group, sell-side analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Wednesday, January 7th will be given a dividend of $0.8775 per share. This is an increase from Edison International’s previous quarterly dividend of $0.83. This represents a $3.51 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Wednesday, January 7th. Edison International’s dividend payout ratio (DPR) is currently 43.27%.

About Edison International

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.