Edison International $EIX Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC trimmed its stake in Edison International (NYSE:EIX - Free Report) by 51.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,547 shares of the utilities provider's stock after selling 33,376 shares during the quarter. Acadian Asset Management LLC's holdings in Edison International were worth $1,858,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Empowered Funds LLC raised its holdings in shares of Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider's stock worth $523,000 after acquiring an additional 211 shares during the last quarter. KWB Wealth raised its holdings in shares of Edison International by 1.5% in the first quarter. KWB Wealth now owns 14,751 shares of the utilities provider's stock worth $869,000 after acquiring an additional 218 shares during the last quarter. Presima Securities ULC increased its stake in Edison International by 2.5% in the first quarter. Presima Securities ULC now owns 9,174 shares of the utilities provider's stock valued at $541,000 after purchasing an additional 224 shares during the last quarter. Private Advisor Group LLC increased its stake in Edison International by 1.5% in the first quarter. Private Advisor Group LLC now owns 17,764 shares of the utilities provider's stock valued at $1,047,000 after purchasing an additional 254 shares during the last quarter. Finally, Investment Management Corp VA ADV increased its stake in Edison International by 159.6% in 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 during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Stock Performance

Shares of NYSE:EIX opened at $55.17 on Wednesday. The firm has a market capitalization of $21.23 billion, a PE ratio of 8.10, a P/E/G ratio of 1.31 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. The business has a 50-day moving average of $53.98 and a two-hundred day moving average of $54.74. 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 issued its earnings results 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. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the business earned $1.23 earnings per share. The company'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. As a group, research analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders 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 annualized dividend and a dividend yield of 6.0%. Edison International's dividend payout ratio is presently 48.60%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wolfe Research lowered Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Morgan Stanley reiterated an "overweight" rating on shares of Edison International in a research note on Thursday, August 21st. UBS Group dropped their target price on Edison International from $68.00 to $66.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. Finally, Barclays upped their target price on Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Edison International has an average rating of "Moderate Buy" and a consensus price target of $71.15.

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.

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