Edison International $EIX Shares Sold by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management has reduced its stake in Edison International by 9.4% during the first quarter, now owning 1.22% of the company valued at approximately $275 million.
• Multiple institutional investors have increased their holdings in Edison International, including Oppenheimer & Co., which raised its stake by 98.7%, and GAMMA Investing, which boosted its position by a staggering 4,157.4% during the same period.
• Edison International recently announced a quarterly dividend of $0.8275 per share, reflecting a 5.9% yield on an annualized basis, with a dividend payout ratio of 48.60%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lowered its position in shares of Edison International (NYSE:EIX - Free Report) by 9.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,675,942 shares of the utilities provider's stock after selling 487,466 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.22% of Edison International worth $275,507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its stake in Edison International by 98.7% during the first 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 acquired a new stake in Edison International during the first quarter valued at approximately $1,151,000. Wealth Enhancement Advisory Services LLC raised its stake in 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 buying an additional 71,159 shares in the last quarter. GAMMA Investing LLC raised its stake in Edison International by 4,157.4% during the first 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. raised its stake in 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 buying an additional 145,358 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EIX. JPMorgan Chase & Co. cut their price objective on Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research note on Monday, May 19th. Barclays upped their price objective on Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Morgan Stanley reaffirmed an "overweight" rating on shares of Edison International in a report on Thursday, August 21st. Wolfe Research lowered Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a report on Thursday, May 15th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.23.

Edison International Stock Up 1.6%

NYSE:EIX opened at $55.65 on Thursday. The firm has a market capitalization of $21.41 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 1.29 and a beta of 0.80. The stock has a 50 day moving average of $53.64 and a 200-day moving average of $54.63. Edison International has a 52 week low of $47.73 and a 52 week high of $88.64. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 2.03.

Edison International (NYSE:EIX - Get Free Report) last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.97 EPS for the quarter, beating 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 analyst estimates of $4.52 billion. During the same period in the prior year, the company earned $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. Analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The firm also recently disclosed 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 yield of 5.9%. The ex-dividend date of this dividend 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.

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