Focus Partners Advisor Solutions LLC Invests $923,000 in Edison International $EIX

Key Points

• Focus Partners Advisor Solutions LLC has acquired a new position in Edison International, purchasing 15,666 shares valued at approximately $923,000.
• Edison International's stock has an average rating of "Moderate Buy" among analysts, with ten investment analysts recommending a Buy rating and an average target price of $75.21.
• The company reported earnings per share of $0.97 for the last quarter, exceeding the consensus estimate, with a revenue of $4.54 billion, showing a year-over-year increase of 4.8%.

Focus Partners Advisor Solutions LLC bought a new stake in shares of Edison International (NYSE:EIX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,666 shares of the utilities provider's stock, valued at approximately $923,000.

Several other institutional investors have also added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV boosted its stake in shares of Edison International by 14.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 34,492 shares of the utilities provider's stock worth $2,754,000 after buying an additional 4,236 shares during the last quarter. Algert Global LLC purchased a new position in shares of Edison International in the 4th quarter worth $292,000. Baird Financial Group Inc. boosted its stake in shares of Edison International by 111.2% in the 4th quarter. Baird Financial Group Inc. now owns 4,114 shares of the utilities provider's stock worth $328,000 after buying an additional 2,166 shares during the last quarter. Cary Street Partners Financial LLC purchased a new position in shares of Edison International in the 4th quarter worth $220,000. Finally, Captrust Financial Advisors boosted its stake in shares of Edison International by 17.1% in the 4th quarter. Captrust Financial Advisors now owns 20,812 shares of the utilities provider's stock worth $1,662,000 after buying an additional 3,040 shares during the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays raised their price target on Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Wolfe Research downgraded Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a report on Thursday, May 15th. JPMorgan Chase & Co. reduced 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. Finally, Morgan Stanley restated an "overweight" rating on shares of Edison International in a research report on Thursday, August 21st. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Edison International has a consensus rating of "Moderate Buy" and an average price target of $75.21.

Edison International Trading Down 0.4%

Shares of NYSE EIX traded down $0.20 during trading hours on Friday, reaching $54.47. The stock had a trading volume of 2,054,246 shares, compared to its average volume of 2,647,436. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 2.03. The firm has a market cap of $20.96 billion, a price-to-earnings ratio of 8.00, a P/E/G ratio of 1.28 and a beta of 0.80. The business's fifty day moving average price is $53.50 and its two-hundred day moving average price is $54.58. Edison International has a 52-week low of $47.73 and a 52-week high of $88.64.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly 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 during 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%.Edison International's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 7th were paid a $0.8275 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $3.31 dividend on an annualized basis and a yield of 6.1%. Edison International's payout ratio is 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.