Mn Services Vermogensbeheer B.V. Raises Stock Holdings in Edison International $EIX

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Edison International by 8.0%, owning a total of 149,900 shares valued at approximately $7.7 million as of the end of the latest quarter.
• Analyst ratings for Edison International show mixed reviews, with Morgan Stanley increasing its price objective to $61.00 while UBS reduced theirs to $66.00, reflecting differing outlooks on the stock's potential.
• Edison International recently reported strong earnings with an EPS of $0.97, exceeding expectations, and announced a quarterly dividend yielding 5.9%.

Mn Services Vermogensbeheer B.V. lifted its holdings in Edison International (NYSE:EIX - Free Report) by 8.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 149,900 shares of the utilities provider's stock after acquiring an additional 11,100 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Edison International were worth $7,735,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of EIX. Rakuten Securities Inc. raised its position 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 valued at $25,000 after buying an additional 417 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in Edison International in the 1st quarter valued at $25,000. Investment Management Corp VA ADV lifted its position in shares of Edison International by 159.6% during the 1st quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 265 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Edison International during the 1st quarter worth $35,000. Finally, Ameriflex Group Inc. bought a new position in shares of Edison International in the fourth quarter worth $56,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Stock Performance

NYSE EIX traded up $0.10 during trading on Friday, hitting $55.68. 5,571,993 shares of the company's stock traded hands, compared to its average volume of 3,056,457. The business has a 50 day moving average of $54.26 and a 200-day moving average of $54.75. The stock has a market capitalization of $21.43 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.31 and a beta of 0.80. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87. Edison International has a 12-month low of $47.73 and a 12-month high of $88.64.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.09. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The firm had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period in the previous year, the business earned $1.23 EPS. The business'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. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 7th were issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Monday, July 7th. Edison International's payout ratio is presently 48.60%.

Analyst Ratings Changes

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

About Edison International

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.