Advisors Asset Management Inc. Increases Stock Holdings in Edison International $EIX

Key Points

• Advisors Asset Management Inc. increased its stake in Edison International by 111.2%, now holding a total of 39,089 shares worth approximately $2.3 million.
• Edison International reported a quarterly EPS of $0.97, exceeding analyst expectations, and has set its FY 2025 EPS guidance between 5.940 to 6.340.
• The company declared a quarterly dividend of $0.8275 per share, resulting in an annualized dividend yield of 6.1% with a payout ratio of 48.60%.

Advisors Asset Management Inc. grew its holdings in shares of Edison International (NYSE:EIX - Free Report) by 111.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,089 shares of the utilities provider's stock after buying an additional 20,584 shares during the period. Advisors Asset Management Inc.'s holdings in Edison International were worth $2,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in EIX. Oppenheimer & Co. Inc. increased its holdings in shares of Edison International by 98.7% in the first quarter. Oppenheimer & Co. Inc. now owns 10,982 shares of the utilities provider's stock valued at $647,000 after purchasing an additional 5,454 shares during the period. Tounjian Advisory Partners LLC purchased a new position in Edison International during the 1st quarter worth $1,151,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Edison International by 135.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 123,851 shares of the utilities provider's stock worth $7,297,000 after acquiring an additional 71,159 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Edison International by 4,157.4% in the first quarter. GAMMA Investing LLC now owns 145,179 shares of the utilities provider's stock valued at $8,554,000 after acquiring an additional 141,769 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Edison International by 6.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,562,128 shares of the utilities provider's stock worth $150,961,000 after acquiring an additional 145,358 shares during the period. Institutional investors and hedge funds own 88.95% of the company's stock.

Analyst Upgrades and Downgrades

EIX has been the topic of a number of analyst reports. Evercore ISI reaffirmed 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 research report on Thursday, August 21st. Wolfe Research lowered shares of Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. JPMorgan Chase & Co. cut their price target on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a report on Monday, May 19th. Finally, Barclays upped their target price on shares of Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $71.15.

Edison International Trading Up 0.1%

Shares of Edison International stock traded up $0.05 during mid-day trading on Friday, hitting $56.27. 2,204,128 shares of the stock were exchanged, compared to its average volume of 2,987,982. Edison International has a twelve month low of $47.73 and a twelve month high of $88.64. The stock has a market capitalization of $21.65 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 1.32 and a beta of 0.80. The company has a 50-day simple moving average of $53.79 and a 200 day simple moving average of $54.69. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 2.03.

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

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 7th were given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Monday, July 7th. Edison International's payout ratio is 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.