IFM Investors Pty Ltd Increases Stock Holdings in Edison International $EIX

Key Points

• IFM Investors Pty Ltd increased its stake in Edison International by 4.2%, owning 121,540 shares valued at approximately $6.27 million as of the latest SEC filing.
• Edison International reported an earnings per share (EPS) of $0.97 for the last quarter, surpassing analysts' expectations of $0.88, with a revenue increase of 4.8% year-over-year.
• The company announced a quarterly dividend of $0.8275, representing an annualized payout of $3.31 and a yield of 5.9%.

IFM Investors Pty Ltd boosted its stake in shares of Edison International (NYSE:EIX - Free Report) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,540 shares of the utilities provider's stock after buying an additional 4,903 shares during the quarter. IFM Investors Pty Ltd's holdings in Edison International were worth $6,271,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in EIX. AQR Capital Management LLC raised its position in shares of Edison International by 190.5% during the first quarter. AQR Capital Management LLC now owns 5,428,038 shares of the utilities provider's stock worth $319,169,000 after purchasing an additional 3,559,602 shares during the period. JPMorgan Chase & Co. increased its holdings in Edison International by 111.6% in the 1st quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider's stock worth $333,689,000 after acquiring an additional 2,987,318 shares during the last quarter. ATLAS Infrastructure Partners UK Ltd. lifted its position in shares of Edison International by 197.2% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,395,732 shares of the utilities provider's stock worth $258,997,000 after acquiring an additional 2,916,645 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Edison International by 38.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,658,597 shares of the utilities provider's stock worth $274,485,000 after purchasing an additional 1,289,062 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Edison International by 42.7% during the 1st quarter. Ameriprise Financial Inc. now owns 3,988,091 shares of the utilities provider's stock valued at $234,978,000 after buying an additional 1,194,296 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

Edison International Trading Up 0.2%

Shares of NYSE EIX traded up $0.10 during trading hours on Friday, hitting $55.68. 5,571,993 shares of the company traded hands, compared to its average volume of 3,200,771. 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 company's 50 day moving average price is $54.26 and its 200 day moving average price is $54.75. Edison International has a 12 month low of $47.73 and a 12 month high of $88.64. The stock has a market capitalization of $21.43 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.31 and a beta of 0.80.

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 for the quarter, topping analysts' consensus estimates of $0.88 by $0.09. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The firm had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same period in the prior year, the business posted $1.23 EPS. The firm's quarterly revenue was up 4.8% on a year-over-year basis. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. On average, equities research analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.9%. Edison International's dividend payout ratio (DPR) is 48.60%.

Wall Street Analyst Weigh In

EIX has been the topic of a number of analyst reports. Morgan Stanley upped their target price on shares of Edison International from $55.00 to $61.00 and gave the stock an "underweight" rating in a report on Thursday. Barclays upped their price objective on shares of Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Wolfe Research cut Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Finally, UBS Group cut their price objective on Edison International from $68.00 to $66.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $72.15.

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.