Centennial Wealth Advisory LLC Has $673,000 Stake in Edison International $EIX

Key Points

• Centennial Wealth Advisory LLC has increased its stake in Edison International by 64.4%, bringing its total investment to $673,000 as of the latest filing.
• Analysts have mixed ratings on Edison International, with seven giving it a "Buy" rating and one a "Sell," while the consensus price target is $71.75.
• Edison International recently announced a quarterly dividend of $0.8275 per share, yielding approximately 6.0% annually, with the payout ratio at 48.6%.

Centennial Wealth Advisory LLC raised its position in shares of Edison International (NYSE:EIX - Free Report) by 64.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,047 shares of the utilities provider's stock after buying an additional 5,109 shares during the period. Centennial Wealth Advisory LLC's holdings in Edison International were worth $673,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its holdings in shares of Edison International by 2.7% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 7,422 shares of the utilities provider's stock valued at $383,000 after purchasing an additional 196 shares in the last quarter. Kentucky Trust Co raised its position in Edison International by 66.7% in 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. Empowered Funds LLC raised its position in Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider's stock worth $523,000 after purchasing an additional 211 shares during the last quarter. KWB Wealth raised its position in shares of Edison International by 1.5% during the first quarter. KWB Wealth now owns 14,751 shares of the utilities provider's stock worth $869,000 after acquiring an additional 218 shares during the last quarter. Finally, Presima Securities ULC lifted its stake in shares of Edison International by 2.5% during the first quarter. Presima Securities ULC now owns 9,174 shares of the utilities provider's stock valued at $541,000 after acquiring an additional 224 shares during the period. Institutional investors and hedge funds own 88.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EIX. UBS Group cut their price target on Edison International from $68.00 to $66.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Wolfe Research lowered Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Barclays upped their price target on Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. upped their price target on Edison International from $67.00 to $68.00 and gave the company a "neutral" rating in a research note on Thursday, September 25th. Finally, Morgan Stanley reduced 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 note on Thursday, September 25th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $71.75.

Edison International Trading Up 0.4%

Shares of NYSE EIX opened at $55.22 on Tuesday. The company's fifty day moving average is $54.72 and its 200-day moving average is $54.68. The stock has a market cap of $21.25 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 1.29 and a beta of 0.80. Edison International has a twelve month low of $47.73 and a twelve month high of $88.64. 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 (NYSE:EIX - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share 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 business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Equities research analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 7th will be given a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, October 7th. Edison International's payout ratio is currently 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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