Ameritas Advisory Services LLC Has $160,000 Holdings in Edison International $EIX

Key Points

• Ameritas Advisory Services LLC significantly reduced its stake in Edison International by 86.9%, ending up with 3,103 shares valued at $160,000.
• Analysts have mixed views on Edison International, with ratings ranging from Buy to Underweight, and a consensus price target of $64.61.
• Edison International recently announced a quarterly dividend of $0.8275, representing an annual yield of 6.2%, with the ex-dividend date set for October 7th.

Ameritas Advisory Services LLC lessened its stake in Edison International (NYSE:EIX - Free Report) by 86.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,103 shares of the utilities provider's stock after selling 20,588 shares during the quarter. Ameritas Advisory Services LLC's holdings in Edison International were worth $160,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Rakuten Securities Inc. lifted its position in shares of Edison International by 4,633.3% in the first quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider's stock worth $25,000 after purchasing an additional 417 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Edison International in the first quarter worth $25,000. Investment Management Corp VA ADV lifted its position in shares of Edison International by 159.6% in the first quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider's stock worth $25,000 after purchasing an additional 265 shares in the last quarter. Kentucky Trust Co lifted its position in shares of Edison International by 66.7% in the second quarter. Kentucky Trust Co now owns 500 shares of the utilities provider's stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Finally, American National Bank & Trust bought a new stake in shares of Edison International in the second quarter worth $32,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EIX shares. JPMorgan Chase & Co. boosted their price objective on shares of Edison International from $67.00 to $68.00 and gave the stock a "neutral" rating in a research report on Thursday, September 25th. Morgan Stanley cut their price objective on shares of Edison International from $61.00 to $60.00 and set an "underweight" rating on the stock in a research report on Thursday, September 25th. UBS Group dropped their price target 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. Barclays upped their price target 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. Finally, Jefferies Financial Group lowered shares of Edison International from a "buy" rating to a "hold" rating and dropped their price target for the stock from $70.00 to $57.00 in a research report on Thursday, October 2nd. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $64.61.

Edison International Price Performance

NYSE:EIX opened at $53.46 on Thursday. Edison International has a one year low of $47.73 and a one year high of $88.64. The company has a market cap of $20.57 billion, a P/E ratio of 7.85, a P/E/G ratio of 1.26 and a beta of 0.80. The firm's fifty day moving average price is $55.09 and its two-hundred day moving average price is $54.55. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.81.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the previous year, the company earned $1.23 earnings per share. The company'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. Equities analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 7th will be issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Tuesday, October 7th. Edison International's payout ratio is currently 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.

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