Edison International $EIX Stock Holdings Boosted by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in Edison International (NYSE:EIX) by 201.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,243 shares of the utilities provider’s stock after purchasing an additional 8,854 shares during the quarter. Park Avenue Securities LLC’s holdings in Edison International were worth $732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EIX. Kentucky Trust Co increased its stake in shares of 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 period. American National Bank & Trust acquired a new stake in Edison International in the 2nd quarter valued at approximately $32,000. Laurel Wealth Advisors LLC increased its position 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 acquiring an additional 709 shares during the period. CoreFirst Bank & Trust bought a new stake in Edison International during the 2nd quarter valued at $38,000. Finally, Hilltop National Bank acquired a new position in Edison International during the 2nd quarter worth $44,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Peter J. Taylor sold 1,800 shares of the stock in a transaction 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 sale, the director owned 35,212 shares in the company, valued at approximately $1,946,167.24. This represents a 4.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EIX. Jefferies Financial Group raised their price target on Edison International from $57.00 to $59.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. LADENBURG THALM/SH SH increased their target price 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. Wall Street Zen raised shares of Edison International from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays dropped their price target on shares of Edison International from $69.00 to $68.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Finally, UBS Group increased their price objective on shares of Edison International from $66.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $63.50.

Edison International Price Performance

Shares of Edison International stock opened at $61.61 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 1.95. The company’s 50-day moving average price is $58.93 and its two-hundred day moving average price is $56.01. Edison International has a 52 week low of $47.73 and a 52 week high of $63.97. The stock has a market cap of $23.71 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 0.89 and a beta of 0.83.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share 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 during the quarter, compared to analyst estimates of $5.31 billion. During the same quarter last year, the firm posted $1.51 EPS. The business’s revenue for the quarter 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 anticipate that Edison International will post 4.95 EPS for the current fiscal 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 $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 5.7%. This is a positive change from Edison International’s previous quarterly dividend of $0.83. The ex-dividend date is Wednesday, January 7th. Edison International’s dividend payout ratio (DPR) is presently 45.88%.

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.