PharVision Advisers LLC Acquires New Shares in Edison International $EIX

Key Points

• PharVision Advisers LLC purchased 7,675 shares of Edison International during the 1st quarter, representing an investment of approximately $452,000.
• Institutional investors collectively own 88.95% of Edison International's stock, with significant stakes increased by firms such as JPMorgan Chase & Co. (up 111.6%) and AQR Capital Management (up 190.5%).
• Edison International recently reported Q2 earnings of $0.97 EPS, surpassing analysts' expectations, and announced a quarterly dividend of $0.8275, reflecting a 6.1% yield.

PharVision Advisers LLC acquired a new position in shares of Edison International (NYSE:EIX - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,675 shares of the utilities provider's stock, valued at approximately $452,000. Edison International comprises about 0.6% of PharVision Advisers LLC's holdings, making the stock its 21st largest position.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Edison International by 1.7% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 47,625 shares of the utilities provider's stock valued at $2,806,000 after purchasing an additional 775 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Edison International by 22.0% in the 1st quarter. NewEdge Advisors LLC now owns 75,413 shares of the utilities provider's stock valued at $4,443,000 after purchasing an additional 13,593 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Edison International by 27.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,482 shares of the utilities provider's stock valued at $4,791,000 after purchasing an additional 17,675 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Edison International by 40.5% in the 1st quarter. Alliancebernstein L.P. now owns 601,131 shares of the utilities provider's stock valued at $35,419,000 after purchasing an additional 173,374 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Edison International by 190.5% in the 1st quarter. AQR Capital Management LLC now owns 5,428,038 shares of the utilities provider's stock valued at $319,169,000 after purchasing an additional 3,559,602 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EIX has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a report on Monday, May 19th. Wolfe Research downgraded Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Evercore ISI reiterated an "outperform" rating on shares of Edison International in a report on Thursday, May 15th. Morgan Stanley reiterated an "overweight" rating on shares of Edison International in a report on Thursday, August 21st. Finally, Barclays raised their target price on Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $73.32.

Edison International Stock Performance

Shares of NYSE EIX traded down $0.14 during trading on Thursday, reaching $55.43. The stock had a trading volume of 2,285,629 shares, compared to its average volume of 4,310,464. Edison International has a one year low of $47.73 and a one year high of $88.64. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87. The stock has a market cap of $21.33 billion, a PE ratio of 8.13, a P/E/G ratio of 1.29 and a beta of 0.80. The firm's 50 day moving average price is $53.64 and its two-hundred day moving average price is $54.63.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.09. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the previous year, the business earned $1.23 EPS. The business's quarterly revenue was up 4.8% on a year-over-year basis. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. On average, research analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 7th were issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Monday, July 7th. Edison International's payout ratio is 48.60%.

About Edison International

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.