Aberdeen Group plc Has $31.38 Million Stake in Edison International $EIX

Key Points

• Aberdeen Group plc significantly reduced its stake in Edison International by 68.5%, holding 534,014 shares after selling over 1.1 million shares in the first quarter.
• JPMorgan Chase & Co. increased its holdings in Edison International by 111.6%, making it one of the largest institutional investors in the company.
• Edison International recently declared a quarterly dividend of $0.8275 per share, yielding approximately 6.0% for shareholders.

Aberdeen Group plc lessened its holdings in Edison International (NYSE:EIX - Free Report) by 68.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 534,014 shares of the utilities provider's stock after selling 1,161,168 shares during the quarter. Aberdeen Group plc owned 0.14% of Edison International worth $31,379,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. increased its stake in Edison International by 4,633.3% in the 1st quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider's stock valued at $25,000 after buying an additional 417 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Edison International during the first quarter valued at $25,000. Investment Management Corp VA ADV lifted its holdings in shares of Edison International by 159.6% in the 1st quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider's stock worth $25,000 after buying an additional 265 shares during the period. Bellwether Advisors LLC purchased a new position in Edison International during the 4th quarter worth approximately $34,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Edison International in the 1st quarter worth $35,000. Institutional investors own 88.95% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on EIX shares. Wolfe Research lowered Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Barclays increased their price objective on Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Evercore ISI reiterated an "outperform" rating on shares of Edison International in a report on Thursday, May 15th. JPMorgan Chase & Co. decreased their price target on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research report on Monday, May 19th. Finally, Morgan Stanley decreased their price objective on shares of Edison International from $52.00 to $51.00 and set an "underweight" rating for the company in a report on Wednesday, June 18th. Nine investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $75.21.

Edison International Price Performance

Edison International stock traded up $1.36 during mid-day trading on Friday, hitting $55.17. 935,380 shares of the company were exchanged, compared to its average volume of 4,383,295. The company has a market capitalization of $21.23 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 1.32 and a beta of 0.75. The business has a fifty day moving average of $52.35 and a 200 day moving average of $54.26. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. Edison International has a 1-year low of $47.73 and a 1-year high of $88.77.

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

Edison International Announces Dividend

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

Edison International Profile

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.