Cwm LLC Buys 85,276 Shares of Edison International $EIX

Key Points

• Cwm LLC has significantly increased its holdings in Edison International by 88.0%, acquiring an additional 85,276 shares, bringing its total to 182,210 shares valued at approximately $9.4 million.
• The stock has seen mixed ratings from analysts, with Morgan Stanley lowering its price target while JPMorgan raised it, indicating varying levels of confidence in Edison International's performance.
• Edison International declared a quarterly dividend of $0.8275 per share, with a current annualized yield of 5.9%, and a dividend payout ratio of 48.60%.

Cwm LLC boosted its holdings in shares of Edison International (NYSE:EIX - Free Report) by 88.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 182,210 shares of the utilities provider's stock after buying an additional 85,276 shares during the quarter. Cwm LLC's holdings in Edison International were worth $9,402,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its position in Edison International by 98.7% during the first quarter. Oppenheimer & Co. Inc. now owns 10,982 shares of the utilities provider's stock worth $647,000 after buying an additional 5,454 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Edison International by 135.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 123,851 shares of the utilities provider's stock worth $7,297,000 after buying an additional 71,159 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Edison International by 6.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,562,128 shares of the utilities provider's stock worth $150,961,000 after buying an additional 145,358 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Edison International by 17.2% during the first quarter. Janney Montgomery Scott LLC now owns 107,332 shares of the utilities provider's stock worth $6,324,000 after buying an additional 15,718 shares during the last quarter. Finally, Blackhawk Capital Partners LLC. acquired a new position in Edison International during the first quarter worth approximately $399,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EIX. Morgan Stanley lowered their price target on Edison International from $61.00 to $60.00 and set an "underweight" rating on the stock in a research report on Thursday, September 25th. JPMorgan Chase & Co. increased their target price on Edison International from $67.00 to $68.00 and gave the stock a "neutral" rating in a research note on Thursday, September 25th. UBS Group lowered 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. Weiss Ratings reiterated a "hold (c)" rating on shares of Edison International in a research note on Wednesday, October 8th. Finally, Barclays increased their target price on Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $64.61.

Edison International Price Performance

Shares of NYSE EIX opened at $56.05 on Wednesday. The firm has a market cap of $21.57 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 0.92 and a beta of 0.80. Edison International has a 1-year low of $47.73 and a 1-year high of $88.64. 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 business's 50 day moving average is $55.07 and its 200-day moving average is $54.41.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.09. The business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.52 billion. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter 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. Equities research analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 7th will be given a dividend of $0.8275 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.9%. 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.

Want to see what other hedge funds are holding EIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Edison International (NYSE:EIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.