Focus Partners Wealth Grows Position in Edison International $EIX

Key Points

• Focus Partners Wealth increased its stake in Edison International by 19.3%, owning 105,695 shares valued at approximately $6.23 million as of its latest SEC filing.
• Edison International reported $0.97 EPS, exceeding the consensus of $0.88, and announced a quarterly dividend of $0.8275 per share, translating to an annualized yield of 5.9%.
• Analysts have set a consensus price target of $71.15 on Edison International stock, with ratings ranging from "buy" to "neutral" from various investment firms.

Focus Partners Wealth increased its position in shares of Edison International (NYSE:EIX - Free Report) by 19.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 105,695 shares of the utilities provider's stock after buying an additional 17,066 shares during the quarter. Focus Partners Wealth's holdings in Edison International were worth $6,228,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Integrity Alliance LLC. purchased a new position in Edison International during the 1st quarter worth approximately $255,000. Plato Investment Management Ltd grew its stake in Edison International by 78.5% during the 1st quarter. Plato Investment Management Ltd now owns 78,561 shares of the utilities provider's stock worth $4,679,000 after buying an additional 34,537 shares during the last quarter. Advisory Alpha LLC purchased a new position in Edison International during the 1st quarter worth approximately $243,000. Bayforest Capital Ltd grew its stake in Edison International by 1,974.1% during the 1st quarter. Bayforest Capital Ltd now owns 8,089 shares of the utilities provider's stock worth $477,000 after buying an additional 7,699 shares during the last quarter. Finally, Woodline Partners LP grew its stake in Edison International by 40.7% during the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider's stock worth $1,927,000 after buying an additional 9,459 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company's stock.

Edison International Stock Performance

Shares of EIX stock opened at $56.27 on Monday. The stock has a fifty day moving average price of $53.79 and a 200 day moving average price of $54.72. The stock has a market cap of $21.65 billion, a PE ratio of 8.26, a P/E/G ratio of 1.32 and a beta of 0.80. Edison International has a 1 year low of $47.73 and a 1 year high of $88.64. 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 quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.09. The firm had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.52 billion. Edison International had a return on equity of 11.99% and a net margin of 16.00%.Edison International's revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Sell-side analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal 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 dividend of $0.8275 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $3.31 annualized dividend and a yield of 5.9%. Edison International's dividend payout ratio (DPR) is presently 48.60%.

Analysts Set New Price Targets

A number of analysts have weighed in on EIX shares. JPMorgan Chase & Co. decreased their price objective on Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research report on Monday, May 19th. Morgan Stanley reaffirmed an "overweight" rating on shares of Edison International in a research report on Thursday, August 21st. Barclays increased their price objective on Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. UBS Group decreased their price objective on Edison International from $68.00 to $66.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Wolfe Research cut Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.15.

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.

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