Gradient Investments LLC Purchases New Position in Edison International $EIX

Key Points

• Gradient Investments LLC has acquired a new stake of 27,654 shares in Edison International, valued at approximately $1,427,000, indicating increasing institutional interest in the company.
• Analysts' ratings on Edison International remain mixed, with Barclays upgrading their price target to $65.00 and Morgan Stanley maintaining an "overweight" rating, while others have downgraded their expectations.
• Edison International recently reported earnings of $0.97 per share for the last quarter, exceeding analyst estimates, and announced a quarterly dividend of $0.8275, resulting in a yield of 5.9% for shareholders.

Gradient Investments LLC purchased a new stake in Edison International (NYSE:EIX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,654 shares of the utilities provider's stock, valued at approximately $1,427,000.

Several other institutional investors have also bought and sold shares of the stock. OMNI 360 Wealth Inc. acquired a new stake in Edison International in the 2nd quarter valued at $511,000. Arvest Investments Inc. bought a new position in Edison International in the 2nd quarter valued at $857,000. Kera Capital Partners Inc. bought a new position in Edison International in the 2nd quarter valued at $359,000. AG2R LA Mondiale Gestion D Actifs bought a new position in Edison International in the 1st quarter valued at $2,045,000. Finally, Swedbank AB raised its position in Edison International by 4.5% in the 1st quarter. Swedbank AB now owns 546,934 shares of the utilities provider's stock valued at $32,225,000 after purchasing an additional 23,501 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EIX shares. Barclays lifted their price objective on Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a research report 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. Morgan Stanley reiterated an "overweight" rating on shares of Edison International in a research report on Thursday, August 21st. UBS Group dropped their target price on Edison International from $68.00 to $66.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Finally, JPMorgan Chase & Co. cut their target price 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. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.15.

Edison International Price Performance

NYSE:EIX opened at $55.88 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The stock's 50 day moving average price is $53.89 and its two-hundred day moving average price is $54.73. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 1.32 and a beta of 0.80. Edison International has a 12-month low of $47.73 and a 12-month high of $88.64.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.23 earnings per share. 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 year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 7th were paid a $0.8275 dividend. The ex-dividend date was Monday, July 7th. This represents a $3.31 annualized dividend and a yield of 5.9%. Edison International's dividend payout ratio is currently 48.60%.

Edison International 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.

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