Semmax Financial Advisors Inc. Buys 21,967 Shares of Edison International $EIX

Key Points

• Semmax Financial Advisors Inc. increased its stake in Edison International by 39.8%, expanding its holdings to 77,104 shares valued at approximately $4.33 million.
• Edison International has reported a quarterly earnings per share of $0.97, surpassing the consensus estimate by 9 cents, and provided FY 2025 guidance of 5.940-6.340 EPS.
• The company announced a quarterly dividend of $0.8275, translating to a 6.2% yield, with a payout ratio of 48.60%.

Semmax Financial Advisors Inc. boosted its position in Edison International (NYSE:EIX - Free Report) by 39.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,104 shares of the utilities provider's stock after purchasing an additional 21,967 shares during the quarter. Edison International makes up 1.2% of Semmax Financial Advisors Inc.'s portfolio, making the stock its 29th biggest position. Semmax Financial Advisors Inc.'s holdings in Edison International were worth $4,332,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of EIX. Oppenheimer & Co. Inc. lifted its position in Edison International by 98.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 10,982 shares of the utilities provider's stock valued at $647,000 after acquiring an additional 5,454 shares during the period. Tounjian Advisory Partners LLC bought a new position in shares of Edison International during the first quarter valued at approximately $1,151,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of 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 valued at $7,297,000 after purchasing an additional 71,159 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Edison International by 4,157.4% in the 1st quarter. GAMMA Investing LLC now owns 145,179 shares of the utilities provider's stock worth $8,554,000 after purchasing an additional 141,769 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of 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 valued at $150,961,000 after acquiring an additional 145,358 shares in the last quarter. Institutional investors own 88.95% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wolfe Research cut Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. UBS Group reduced their price objective on Edison International from $68.00 to $66.00 and set a "buy" rating for the company in a report on Thursday. Morgan Stanley reissued an "overweight" rating on shares of Edison International in a research report on Thursday, August 21st. Barclays raised their price target on shares of Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a report on Monday, May 19th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $71.15.

Edison International Stock Performance

Shares of Edison International stock traded up $0.05 during trading hours on Friday, reaching $56.27. 2,204,128 shares of the stock traded hands, compared to its average volume of 2,987,982. Edison International has a one year low of $47.73 and a one year high of $88.64. The firm has a market capitalization of $21.65 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 1.32 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The company has a 50 day moving average price of $53.79 and a 200 day moving average price of $54.69.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.09. The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.52 billion. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The firm's revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. On average, equities research analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

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