Edison International $EIX Shares Purchased by Cwm LLC

Cwm LLC boosted its stake in shares of Edison International (NYSE:EIX) by 53.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 279,061 shares of the utilities provider’s stock after buying an additional 96,851 shares during the period. Cwm LLC’s holdings in Edison International were worth $15,426,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EIX. Kentucky Trust Co raised its holdings in shares of Edison International by 66.7% during the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 200 shares during the period. American National Bank & Trust purchased a new position in Edison International during the second quarter worth about $32,000. Laurel Wealth Advisors LLC boosted its holdings in Edison International by 5,064.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 709 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of Edison International in the 2nd quarter valued at approximately $38,000. Finally, Hilltop National Bank acquired a new position in Edison International in the second quarter valued at approximately $44,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Stock Down 1.0%

Shares of NYSE:EIX opened at $59.49 on Friday. The firm has a market capitalization of $22.89 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 0.89 and a beta of 0.83. Edison International has a 1 year low of $47.73 and a 1 year high of $81.02. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.82 and a quick ratio of 0.76. The firm’s 50-day moving average is $57.97 and its two-hundred day moving average is $55.07.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.18. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter in the previous year, the business posted $1.51 earnings per share. The business’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. Analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders 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 dividend yield of 5.9%. The ex-dividend date of this dividend is Wednesday, January 7th. Edison International’s dividend payout ratio is currently 43.27%.

Wall Street Analyst Weigh In

Several research firms have issued reports on EIX. LADENBURG THALM/SH SH raised their target price on Edison International from $52.50 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Jefferies Financial Group boosted their price objective on shares of Edison International from $57.00 to $59.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Barclays lowered their target price on shares of Edison International from $69.00 to $68.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a research report on Monday, December 22nd. Finally, Morgan Stanley set a $57.00 price objective on shares of Edison International in a report on Wednesday, December 17th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.50.

Insider Activity

In related news, Director Peter J. Taylor sold 1,800 shares of Edison International stock in a transaction 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 completion of the transaction, the director directly owned 35,212 shares in the company, valued at approximately $1,946,167.24. This trade represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Edison International Company Profile

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.