AG2R LA Mondiale Gestion D Actifs Takes Position in Edison International $EIX

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired 36,741 shares of Edison International, valued at approximately $2,045,000, marking a significant new investment in the company.
• Edison International reported a quarterly earnings per share (EPS) of $0.97, surpassing analysts' expectations, with revenues increasing 4.8% year-over-year to $4.54 billion.
• The company has declared a quarterly dividend of $0.8275 per share, representing an annualized yield of 5.9% and a payout ratio of 48.60%.

AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Edison International (NYSE:EIX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 36,741 shares of the utilities provider's stock, valued at approximately $2,045,000.

A number of other hedge funds have also recently made changes to their positions in EIX. AQR Capital Management LLC lifted its stake in shares of Edison International by 190.5% in the first quarter. AQR Capital Management LLC now owns 5,428,038 shares of the utilities provider's stock worth $319,169,000 after buying an additional 3,559,602 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Edison International by 111.6% in the 1st quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider's stock valued at $333,689,000 after acquiring an additional 2,987,318 shares in the last quarter. ATLAS Infrastructure Partners UK Ltd. lifted its holdings in shares of Edison International by 197.2% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,395,732 shares of the utilities provider's stock valued at $258,997,000 after purchasing an additional 2,916,645 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Edison International by 38.3% during the first quarter. Canada Pension Plan Investment Board now owns 4,658,597 shares of the utilities provider's stock valued at $274,485,000 after purchasing an additional 1,289,062 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Edison International by 42.7% during the first quarter. Ameriprise Financial Inc. now owns 3,988,091 shares of the utilities provider's stock valued at $234,978,000 after purchasing an additional 1,194,296 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on EIX shares. JPMorgan Chase & Co. lowered their target price on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research note on Monday, May 19th. Morgan Stanley restated an "overweight" rating on shares of Edison International in a research report on Thursday, August 21st. UBS Group lowered their price objective on shares of Edison International from $68.00 to $66.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Wolfe Research cut Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Finally, Barclays increased their price target on Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Edison International has a consensus rating of "Moderate Buy" and a consensus price target of $71.15.

Edison International Stock Performance

Edison International stock traded down $0.69 during trading on Tuesday, reaching $55.17. The company had a trading volume of 3,240,079 shares, compared to its average volume of 4,301,692. Edison International has a 52 week low of $47.73 and a 52 week high of $88.64. The firm has a market capitalization of $21.23 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 1.32 and a beta of 0.80. The firm's 50-day simple moving average is $53.89 and its 200 day simple moving average is $54.73. 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 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.09. The company had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.52 billion. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The firm's revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.23 EPS. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 7th were given a dividend of $0.8275 per share. The ex-dividend date was Monday, July 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.0%. Edison International's dividend payout ratio (DPR) is presently 48.60%.

Edison International Company 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.