NewEdge Advisors LLC Has $4.44 Million Position in Edison International $EIX

Key Points

• NewEdge Advisors LLC increased its stake in Edison International by 22.0%, owning 75,413 shares valued at approximately $4.4 million.
• The company reported $0.97 EPS for the last quarter, exceeding analyst expectations, while year-over-year revenue grew by 4.8%.
• Edison International currently has an average rating of "Moderate Buy" from analysts, with a target price of $75.21.

NewEdge Advisors LLC raised its stake in Edison International (NYSE:EIX - Free Report) by 22.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 75,413 shares of the utilities provider's stock after buying an additional 13,593 shares during the quarter. NewEdge Advisors LLC's holdings in Edison International were worth $4,443,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. KWB Wealth lifted its stake in Edison International by 1.5% in 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 in the last quarter. Private Advisor Group LLC lifted its position in shares of Edison International by 1.5% in the first quarter. Private Advisor Group LLC now owns 17,764 shares of the utilities provider's stock worth $1,047,000 after purchasing an additional 254 shares in the last quarter. Investment Management Corp VA ADV lifted its position in shares of Edison International by 159.6% in the first quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider's stock worth $25,000 after purchasing an additional 265 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Edison International by 3.0% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,224 shares of the utilities provider's stock worth $543,000 after purchasing an additional 271 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its position in shares of Edison International by 11.5% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 2,735 shares of the utilities provider's stock worth $161,000 after purchasing an additional 281 shares in the last quarter. Institutional investors own 88.95% of the company's stock.

Wall Street Analysts Forecast Growth

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

Edison International Stock Up 0.1%

EIX traded up $0.05 during trading on Friday, reaching $56.27. 2,204,128 shares of the stock were exchanged, compared to its average volume of 2,987,982. The stock has a market cap of $21.65 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 1.32 and a beta of 0.80. Edison International has a twelve month low of $47.73 and a twelve month high of $88.64. The stock's 50 day moving average price is $53.79 and its two-hundred day moving average price is $54.69. 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 (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 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 the consensus estimate of $4.52 billion. During the same period in the previous year, the company earned $1.23 earnings per share. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Equities analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 7th were issued 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 payout ratio is currently 48.60%.

Edison International Company 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.