Caisse DE Depot ET Placement DU Quebec Boosts Position in Edison International $EIX

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its holdings in Edison International by 4.0%, owning approximately 203,022 shares worth about $11.96 million after acquiring an additional 7,900 shares.
• Edison International's stock received various analyst ratings, with Barclays raising its price target from $64 to $65 and maintaining an "overweight" rating, while ten analysts rated it as a Buy, leading to an average price target of $75.21.
• The company declared a quarterly dividend of $0.8275 per share, which equates to a dividend yield of 6.0% and reflects a payout ratio of 48.60%.

Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Edison International (NYSE:EIX - Free Report) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 203,022 shares of the utilities provider's stock after acquiring an additional 7,900 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.05% of Edison International worth $11,962,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. KWB Wealth grew its position in Edison International by 1.5% during the first quarter. KWB Wealth now owns 14,751 shares of the utilities provider's stock valued at $869,000 after buying an additional 218 shares during the period. Private Advisor Group LLC grew its position in Edison International by 1.5% during the first quarter. Private Advisor Group LLC now owns 17,764 shares of the utilities provider's stock valued at $1,047,000 after buying an additional 254 shares during the period. Investment Management Corp VA ADV lifted its holdings in Edison International by 159.6% during the first quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 265 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in Edison International by 3.0% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,224 shares of the utilities provider's stock valued at $543,000 after purchasing an additional 271 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its holdings in Edison International by 11.5% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 2,735 shares of the utilities provider's stock valued at $161,000 after purchasing an additional 281 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on EIX. Morgan Stanley reissued an "overweight" rating on shares of Edison International in a report on Thursday, August 21st. Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a research note on Thursday, May 15th. Barclays upped their price target on shares of Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. decreased their price target on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research note on Monday, May 19th. Finally, Wolfe Research downgraded shares of Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Ten analysts have rated the stock with a Buy rating and five have given 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 an average target price of $75.21.

Edison International Trading Up 2.6%

EIX stock traded up $1.43 during mid-day trading on Monday, reaching $56.15. 3,527,985 shares of the stock traded hands, compared to its average volume of 3,089,745. 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 one year low of $47.73 and a one year high of $88.77. The stock has a market capitalization of $21.61 billion, a PE ratio of 8.24, a PEG ratio of 1.32 and a beta of 0.80. The business has a 50-day moving average price of $53.05 and a two-hundred day moving average price of $54.47.

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, 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 business had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter in the previous year, the business posted $1.23 earnings per share. The business's revenue was up 4.8% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Equities research analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 7th were issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 5.9%. The ex-dividend date was Monday, July 7th. Edison International's dividend payout ratio is presently 48.60%.

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.