Commerzbank Aktiengesellschaft FI Grows Stake in Edison International $EIX

Commerzbank Aktiengesellschaft FI increased its stake in shares of Edison International (NYSE:EIX) by 74.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,626 shares of the utilities provider’s stock after purchasing an additional 11,812 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Edison International were worth $1,528,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB lifted its position in shares of Edison International by 1.7% in the third quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock valued at $92,984,000 after acquiring an additional 28,586 shares in the last quarter. Maryland State Retirement & Pension System raised its stake in Edison International by 5.3% in the 2nd quarter. Maryland State Retirement & Pension System now owns 364,525 shares of the utilities provider’s stock valued at $18,809,000 after purchasing an additional 18,412 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in Edison International in the 2nd quarter valued at $456,000. Los Angeles Capital Management LLC lifted its holdings in Edison International by 237.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,904,568 shares of the utilities provider’s stock valued at $98,276,000 after purchasing an additional 1,339,806 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in Edison International during the 2nd quarter worth $44,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Trading Down 0.1%

EIX opened at $60.68 on Monday. The stock has a market capitalization of $23.35 billion, a PE ratio of 7.93, a P/E/G ratio of 0.89 and a beta of 0.83. Edison International has a one year low of $47.73 and a one year high of $62.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.76 and a current ratio of 0.82. The business’s 50 day moving average price is $59.39 and its 200 day moving average price is $56.50.

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

Edison International Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, January 7th. 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%. Edison International’s dividend payout ratio is currently 45.88%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EIX. Wells Fargo & Company cut shares of Edison International from an “equal weight” rating to an “underweight” rating and increased their target price for the company from $56.00 to $59.00 in a research report on Tuesday, January 20th. UBS Group reaffirmed a “buy” rating on shares of Edison International in a research note on Friday, January 16th. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. LADENBURG THALM/SH SH increased their price target on Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, Jefferies Financial Group boosted their price objective on Edison International from $57.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Edison International has an average rating of “Hold” and a consensus target price of $63.70.

Insiders Place Their Bets

In other Edison International news, Director Peter J. Taylor sold 1,800 shares of Edison International 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 completion of the sale, the director directly owned 35,212 shares in the company, valued at $1,946,167.24. This trade represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

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.