Financiere des Professionnels Fonds d investissement inc. Invests $1.61 Million in Edison International $EIX

Key Points

• Financiere des Professionnels Fonds d investissement inc. has acquired a new position in Edison International, purchasing 31,251 shares valued at approximately $1.61 million.
• Institutional investors hold 88.95% of Edison International's stock, with several firms significantly increasing their positions in the last quarter.
• Edison International has announced a quarterly dividend of $0.8275 per share, yielding 6.0% annually, with a payout ratio of 48.60%.

Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Edison International (NYSE:EIX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 31,251 shares of the utilities provider's stock, valued at approximately $1,613,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EIX. Rakuten Securities Inc. boosted its holdings in shares of Edison International by 4,633.3% during the 1st quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 417 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Edison International in the 1st quarter valued at about $25,000. Investment Management Corp VA ADV lifted its holdings in shares of Edison International by 159.6% in the 1st quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 265 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Edison International in the 1st quarter valued at about $35,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Edison International by 96.7% in the 1st quarter. Versant Capital Management Inc now owns 881 shares of the utilities provider's stock valued at $52,000 after acquiring an additional 433 shares during the last quarter. Institutional investors own 88.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Barclays increased 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. Wolfe Research downgraded shares of Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. UBS Group lowered their price target on shares of Edison International from $68.00 to $66.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Finally, Morgan Stanley increased their price target on shares of Edison International from $55.00 to $61.00 and gave the company an "underweight" rating in a report on Thursday. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $72.15.

Edison International Trading Up 0.1%

Edison International stock traded up $0.04 during midday trading on Thursday, reaching $55.60. The stock had a trading volume of 2,097,439 shares, compared to its average volume of 3,119,426. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. Edison International has a 52-week low of $47.73 and a 52-week high of $88.64. The firm has a market cap of $21.40 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 1.31 and a beta of 0.80. The company has a fifty day moving average of $54.17 and a 200 day moving average of $54.75.

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 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 company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same period in the prior year, the company posted $1.23 EPS. 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. On average, analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

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 dividend of $0.8275 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.0%. Edison International's dividend payout ratio (DPR) is 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.