Generali Asset Management SPA SGR Has $1.62 Million Stock Holdings in Edison International $EIX

Key Points

• Generali Asset Management SPA SGR reduced its holdings in Edison International by 41.5%, owning 31,305 shares valued at approximately $1.62 million after selling 22,168 shares during the second quarter.
• Several analysts have rated Edison International, with TD Cowen initiating coverage with a buy rating and a price target of $71, while UBS and Morgan Stanley have adjusted their price targets downwards.
• Edison International recently announced a quarterly dividend of $0.8275 per share, representing a 5.8% yield with an annualized dividend amounting to $3.31.

Generali Asset Management SPA SGR lessened its holdings in Edison International (NYSE:EIX - Free Report) by 41.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,305 shares of the utilities provider's stock after selling 22,168 shares during the quarter. Generali Asset Management SPA SGR's holdings in Edison International were worth $1,615,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Barnes Dennig Private Wealth Management LLC bought a new position in Edison International during the 1st quarter worth $25,000. Investment Management Corp VA ADV grew its position in 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 acquiring an additional 265 shares in the last quarter. Kentucky Trust Co boosted its position in Edison International by 66.7% during the second quarter. Kentucky Trust Co now owns 500 shares of the utilities provider's stock valued at $26,000 after buying an additional 200 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of Edison International during the first quarter valued at about $35,000. Finally, American National Bank & Trust bought a new position in shares of Edison International during the second quarter valued at about $32,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on EIX shares. TD Cowen started coverage on shares of Edison International in a research note on Thursday. They set a "buy" rating and a $71.00 price objective for the company. UBS Group decreased 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, September 11th. Morgan Stanley dropped their price objective on shares of Edison International from $61.00 to $60.00 and set an "underweight" rating for the company in a research note on Thursday, September 25th. Jefferies Financial Group lowered shares of Edison International from a "buy" rating to a "hold" rating and decreased their price objective for the company from $70.00 to $57.00 in a report on Thursday, October 2nd. Finally, Cowen assumed coverage on shares of Edison International in a research report on Wednesday. They set a "buy" rating on the stock. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $65.25.

Edison International Stock Performance

Shares of Edison International stock opened at $56.75 on Friday. The firm's fifty day simple moving average is $55.20 and its 200-day simple moving average is $54.40. Edison International has a 12 month low of $47.73 and a 12 month high of $88.64. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.81. The stock has a market capitalization of $21.84 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 0.97 and a beta of 0.80.

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

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 7th will be paid a dividend of $0.8275 per share. The ex-dividend date is Tuesday, October 7th. This represents a $3.31 annualized dividend and a yield of 5.8%. Edison International's dividend payout ratio (DPR) 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.

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