Petrus Trust Company LTA Grows Stock Position in Edison International $EIX

Key Points

• Petrus Trust Company LTA has increased its stake in Edison International by 205.8%, now owning 26,656 shares valued at approximately $1.57 million.
• Edison International reported $0.97 earnings per share (EPS) for the last quarter, exceeding estimates, with a year-over-year revenue increase of 4.8%.
• The company announced a quarterly dividend of $0.8275, representing an annual yield of 6.1% and a payout ratio of 48.60%.

Petrus Trust Company LTA lifted its holdings in Edison International (NYSE:EIX - Free Report) by 205.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,656 shares of the utilities provider's stock after acquiring an additional 17,939 shares during the period. Edison International makes up approximately 0.1% of Petrus Trust Company LTA's portfolio, making the stock its 23rd biggest position. Petrus Trust Company LTA's holdings in Edison International were worth $1,571,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its position in Edison International by 98.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,982 shares of the utilities provider's stock valued at $647,000 after buying an additional 5,454 shares in the last quarter. Tounjian Advisory Partners LLC bought a new stake in Edison International in the 1st quarter valued at about $1,151,000. Wealth Enhancement Advisory Services LLC increased its position in Edison International by 135.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 123,851 shares of the utilities provider's stock valued at $7,297,000 after buying an additional 71,159 shares in the last quarter. GAMMA Investing LLC increased its position in Edison International by 4,157.4% in the 1st quarter. GAMMA Investing LLC now owns 145,179 shares of the utilities provider's stock valued at $8,554,000 after buying an additional 141,769 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Edison International by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,562,128 shares of the utilities provider's stock valued at $150,961,000 after buying an additional 145,358 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

Edison International Stock Performance

EIX stock traded up $1.53 during midday trading on Tuesday, hitting $54.83. The company's stock had a trading volume of 3,772,010 shares, compared to its average volume of 2,509,897. The stock's 50-day moving average price is $53.54 and its 200 day moving average price is $54.62. 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 has a 1 year low of $47.73 and a 1 year high of $88.64. The stock has a market cap of $21.10 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 1.25 and a beta of 0.80.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.09. The business had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.52 billion. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The business's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. On average, equities analysts forecast that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors 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 6.0%. The ex-dividend date of this dividend was Monday, July 7th. Edison International's payout ratio is 48.60%.

Analyst Ratings Changes

EIX has been the subject of a number of recent research reports. Morgan Stanley restated an "overweight" rating on shares of Edison International in a research note on Thursday, August 21st. JPMorgan Chase & Co. decreased their price target on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research note on Monday, May 19th. Evercore ISI reissued an "outperform" rating on shares of Edison International in a report on Thursday, May 15th. Wolfe Research downgraded Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Finally, Barclays increased their price objective on Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $75.21.

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.