Commerzbank Aktiengesellschaft FI Purchases 9,449 Shares of Edison International $EIX

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in Edison International by 148.5% during the second quarter, acquiring an additional 9,449 shares and holding a total of 15,814 shares valued at approximately $817,000.
• The company announced a quarterly dividend of $0.8275 per share, leading to an annualized dividend of $3.31, representing a yield of 6.3%.
• Analysts have set a consensus rating of "Hold" for Edison International, with a target price averaging $64.61 per share, reflecting mixed sentiments from various research firms.

Commerzbank Aktiengesellschaft FI boosted its position in Edison International (NYSE:EIX - Free Report) by 148.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,814 shares of the utilities provider's stock after buying an additional 9,449 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Edison International were worth $817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EIX. Farther Finance Advisors LLC increased its position in Edison International by 60.2% in the 1st quarter. Farther Finance Advisors LLC now owns 4,409 shares of the utilities provider's stock valued at $259,000 after buying an additional 1,657 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Edison International by 8.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 10,381 shares of the utilities provider's stock valued at $612,000 after purchasing an additional 803 shares during the last quarter. SG Americas Securities LLC boosted its stake in Edison International by 611.4% during the 1st quarter. SG Americas Securities LLC now owns 47,226 shares of the utilities provider's stock valued at $2,783,000 after purchasing an additional 40,588 shares during the last quarter. CX Institutional acquired a new position in Edison International during the 1st quarter valued at about $199,000. Finally, Fifth Third Bancorp boosted its stake in Edison International by 24.1% during the 1st quarter. Fifth Third Bancorp now owns 16,340 shares of the utilities provider's stock valued at $963,000 after purchasing an additional 3,178 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on EIX. Weiss Ratings reiterated a "hold (c)" rating on shares of Edison International in a research note on Wednesday. JPMorgan Chase & Co. lifted 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. Barclays lifted 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. Morgan Stanley dropped their price objective on Edison International from $61.00 to $60.00 and set an "underweight" rating on the stock in a research note on Thursday, September 25th. Finally, UBS Group decreased their target price 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. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $64.61.

Edison International Stock Performance

Edison International stock opened at $52.17 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 2.03. The firm has a 50-day moving average of $55.08 and a 200-day moving average of $54.47. The firm has a market cap of $20.07 billion, a P/E ratio of 7.66, a P/E/G ratio of 1.25 and a beta of 0.80. Edison International has a 1-year low of $47.73 and a 1-year high of $88.64.

Edison International (NYSE:EIX - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates of $4.52 billion. Edison International had a net margin of 16.00% and a return on equity of 11.99%. Edison International's revenue for the quarter was up 4.8% on a year-over-year basis. 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. Sell-side analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, October 7th. Edison International's dividend 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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