Callan Family Office LLC Acquires New Stake in Edison International $EIX

Key Points

• Callan Family Office LLC has acquired a new stake in Edison International, purchasing 4,717 shares valued at approximately $243,000.
• Institutional investors and hedge funds own 88.95% of Edison International's stock, indicating strong institutional interest in the company.
• Analysts have set a consensus price target of $65.25 for Edison International, with mixed ratings including seven "Buy," seven "Hold," and one "Sell."

Callan Family Office LLC acquired a new stake in shares of Edison International (NYSE:EIX - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,717 shares of the utilities provider's stock, valued at approximately $243,000.

Several other large investors have also recently added to or reduced their stakes in EIX. Rakuten Securities Inc. lifted its stake 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 buying an additional 417 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in Edison International during the 1st quarter worth $25,000. Investment Management Corp VA ADV increased its stake 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 during the period. Kentucky Trust Co lifted its position in shares of Edison International by 66.7% during the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider's stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in Edison International during the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays boosted 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. 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. JPMorgan Chase & Co. lifted their price objective on Edison International from $67.00 to $68.00 and gave the company a "neutral" rating in a report on Thursday, September 25th. Weiss Ratings restated a "hold (c)" rating on shares of Edison International in a research report on Wednesday, October 8th. Finally, TD Cowen initiated coverage on shares of Edison International in a report on Thursday. They set a "buy" rating and a $71.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $65.25.

Edison International Price Performance

NYSE EIX opened at $56.69 on Friday. 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 $21.82 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 0.97 and a beta of 0.80. The business has a 50 day simple moving average of $55.14 and a 200 day simple moving average of $54.41. Edison International has a 52-week low of $47.73 and a 52-week high of $88.64.

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, topping the consensus estimate of $0.88 by $0.09. The company had revenue of $4.54 billion during 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 business's quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business earned $1.23 EPS. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 7th will be paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Tuesday, October 7th. Edison International's dividend 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.

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