Traders Purchase Large Volume of Edison International Call Options (NYSE:EIX)

Edison International (NYSE:EIX) was the target of some unusual options trading activity on Tuesday. Investors acquired 94,754 call options on the company. This is an increase of approximately 3,116% compared to the average daily volume of 2,946 call options.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Edison International from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a research report on Monday, December 29th. Jefferies Financial Group raised their price target on shares of Edison International from $57.00 to $59.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. LADENBURG THALM/SH SH boosted their price objective on shares of Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Finally, Cowen began coverage on shares of Edison International in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.50.

Edison International Trading Down 3.3%

NYSE:EIX opened at $58.53 on Thursday. The company has a market capitalization of $22.52 billion, a P/E ratio of 7.65, a P/E/G ratio of 0.88 and a beta of 0.83. The stock’s 50 day moving average price is $58.44 and its 200 day moving average price is $55.66. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.76 and a current ratio of 0.82. Edison International has a 52 week low of $47.73 and a 52 week high of $75.76.

Edison International (NYSE:EIX) last posted its 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. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.31 billion. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.51 earnings per share. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. On average, research analysts forecast that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Wednesday, January 7th will be given a dividend of $0.8775 per share. The ex-dividend date of this dividend is Wednesday, January 7th. This represents a $3.51 annualized dividend and a dividend yield of 6.0%. This is a boost from Edison International’s previous quarterly dividend of $0.83. Edison International’s payout ratio is presently 45.88%.

Insider Buying and Selling at Edison International

In related news, Director Peter J. Taylor sold 1,800 shares of the business’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 transaction of $99,486.00. Following the completion of the transaction, the director owned 35,212 shares in the company, valued at $1,946,167.24. The trade was a 4.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Edison International

Several hedge funds have recently modified their holdings of the business. Kentucky Trust Co boosted its stake in shares of Edison International by 66.7% in the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Activest Wealth Management lifted its holdings in Edison International by 677.8% during the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 488 shares during the last quarter. American National Bank & Trust acquired a new position in Edison International in the second quarter valued at about $32,000. CVA Family Office LLC grew its stake in Edison International by 113.7% during the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after buying an additional 307 shares during the last quarter. Finally, Ransom Advisory Ltd increased its holdings in shares of Edison International by 74.9% during the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after buying an additional 259 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

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.