Amundi Has $165.40 Million Holdings in Edison International $EIX

Key Points

• Amundi has reduced its stake in Edison International by 9.1%, selling 285,262 shares and retaining approximately 2.83 million shares worth $165.4 million.
• Edison International reported $0.97 earnings per share for the last quarter, beating analysts' expectations, and the company has set its FY 2025 guidance at 5.940-6.340 EPS.
• Barclays raised its target price for Edison International from $64.00 to $65.00, while the average price target is currently $75.21 with a consensus rating of "Moderate Buy.

Amundi lowered its position in shares of Edison International (NYSE:EIX - Free Report) by 9.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,833,142 shares of the utilities provider's stock after selling 285,262 shares during the quarter. Amundi owned 0.74% of Edison International worth $165,401,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EIX. Vanguard Group Inc. raised its stake in Edison International by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 49,083,555 shares of the utilities provider's stock valued at $2,892,003,000 after purchasing an additional 493,778 shares during the period. Invesco Ltd. increased its stake in Edison International by 19.8% in the 1st quarter. Invesco Ltd. now owns 5,770,535 shares of the utilities provider's stock valued at $340,000,000 after buying an additional 953,897 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Edison International by 111.6% in the first quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider's stock worth $333,689,000 after acquiring an additional 2,987,318 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Edison International by 7.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,163,408 shares of the utilities provider's stock worth $412,246,000 after acquiring an additional 371,043 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Edison International by 38.3% in the first quarter. Canada Pension Plan Investment Board now owns 4,658,597 shares of the utilities provider's stock worth $274,485,000 after acquiring an additional 1,289,062 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their target price on Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research report on Monday, May 19th. Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. Wolfe Research lowered shares of Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Morgan Stanley restated an "overweight" rating on shares of Edison International in a research note on Thursday, August 21st. Finally, Barclays increased their target price 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. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $75.21.

Edison International Stock Performance

EIX traded down $0.33 during midday trading on Wednesday, reaching $54.44. The company's stock had a trading volume of 1,191,940 shares, compared to its average volume of 4,280,377. The stock has a market cap of $20.95 billion, a P/E ratio of 7.98, a PEG ratio of 1.25 and a beta of 0.80. The company has a fifty day simple moving average of $53.58 and a 200 day simple moving average of $54.62. 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 has a twelve month low of $47.73 and a twelve month high of $88.64.

Edison International (NYSE:EIX - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.09. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.52 billion. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The company's revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 EPS. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Research analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 7th were given a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 6.1%. The ex-dividend date was Monday, July 7th. Edison International's dividend payout ratio (DPR) is currently 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.