Czech National Bank Has $4.85 Million Stock Position in Edison International $EIX

Key Points

• The Czech National Bank increased its stake in Edison International by 5.8%, acquiring an additional 5,127 shares, bringing its total holdings to 94,049 shares valued at approximately $4.85 million.
• Edison International recently reported earnings of $0.97 EPS for the latest quarter, exceeding expectations of $0.88 EPS, with revenues rising 4.8% year-over-year.
• The company announced a quarterly dividend of $0.8275, which translates to an annual yield of 6.0%, and has a payout ratio of 48.60%.

Czech National Bank raised its holdings in Edison International (NYSE:EIX - Free Report) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,049 shares of the utilities provider's stock after acquiring an additional 5,127 shares during the quarter. Czech National Bank's holdings in Edison International were worth $4,853,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its position in shares of Edison International by 4,633.3% in the 1st quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider's stock worth $25,000 after purchasing an additional 417 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Edison International in the 1st quarter worth $25,000. Investment Management Corp VA ADV boosted its position in shares of Edison International by 159.6% in the 1st 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 last quarter. Zions Bancorporation National Association UT bought a new position in shares of Edison International in the 1st quarter worth $35,000. Finally, Versant Capital Management Inc boosted its position in shares of Edison International by 96.7% in the 1st quarter. Versant Capital Management Inc now owns 881 shares of the utilities provider's stock worth $52,000 after purchasing an additional 433 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

Edison International Stock Up 0.2%

Shares of EIX traded up $0.10 during midday trading on Friday, hitting $55.68. The stock had a trading volume of 5,571,993 shares, compared to its average volume of 3,056,457. The company has a 50 day simple moving average of $54.26 and a two-hundred day simple moving average of $54.75. Edison International has a twelve month low of $47.73 and a twelve month high of $88.64. The firm has a market cap of $21.43 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.30 and a beta of 0.80. 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 results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the business posted $1.23 EPS. The company's revenue for the quarter was up 4.8% on a year-over-year basis. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. On average, analysts anticipate that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 7th were given a $0.8275 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.9%. Edison International's payout ratio is currently 48.60%.

Analysts Set New Price Targets

Several research firms have recently issued reports on EIX. UBS Group reduced their price target on Edison International from $68.00 to $66.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Morgan Stanley raised their price target on Edison International from $55.00 to $61.00 and gave the stock an "underweight" rating in a research report on Thursday. Barclays raised their price target on Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Wolfe Research lowered Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $72.15.

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.