Hsbc Holdings PLC Has $154.05 Million Stock Position in Edison International $EIX

Key Points

• Hsbc Holdings PLC increased its stake in Edison International by 9.4% in the first quarter, now holding approximately $154.05 million worth of shares.
• Edison International has been assigned a consensus rating of "Moderate Buy" with nine analysts rating it as a Buy and an average price target of $75.21.
• The company recently announced a quarterly dividend of $0.8275 per share, with a yield of 5.9% and a payout ratio of 48.60%.

Hsbc Holdings PLC lifted its holdings in shares of Edison International (NYSE:EIX - Free Report) by 9.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,617,303 shares of the utilities provider's stock after buying an additional 225,965 shares during the period. Hsbc Holdings PLC owned about 0.68% of Edison International worth $154,052,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer & Co. Inc. increased its holdings in Edison International by 98.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,982 shares of the utilities provider's stock worth $647,000 after purchasing an additional 5,454 shares in the last quarter. Tounjian Advisory Partners LLC acquired a new position in Edison International in the 1st quarter worth about $1,151,000. Wealth Enhancement Advisory Services LLC increased its holdings in Edison International by 135.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 123,851 shares of the utilities provider's stock worth $7,297,000 after purchasing an additional 71,159 shares in the last quarter. GAMMA Investing LLC increased its holdings in Edison International by 4,157.4% in the 1st quarter. GAMMA Investing LLC now owns 145,179 shares of the utilities provider's stock worth $8,554,000 after purchasing an additional 141,769 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Edison International by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,562,128 shares of the utilities provider's stock worth $150,961,000 after purchasing an additional 145,358 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Wall Street Analysts Forecast Growth

EIX has been the subject of a number of recent research reports. Barclays upped their target price on Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. JPMorgan Chase & Co. reduced their price target on Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research report on Monday, May 19th. Morgan Stanley reduced their price target on Edison International from $52.00 to $51.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 18th. Wolfe Research lowered Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Finally, Evercore ISI reiterated an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $75.21.

Edison International Stock Up 1.3%

Shares of Edison International stock opened at $56.3360 on Wednesday. Edison International has a one year low of $47.73 and a one year high of $88.77. 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's 50-day moving average is $52.15 and its 200 day moving average is $54.24. The firm has a market cap of $21.68 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 1.31 and a beta of 0.75.

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

Edison International Announces Dividend

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