IFM Investors Pty Ltd Decreases Stock Position in Edison International $EIX

Key Points

• IFM Investors Pty Ltd reduced its stake in Edison International by 20.8% in Q1 by selling 30,658 shares, leaving them with 116,637 shares valued at approximately $6.87 million.
• The company posted earnings of $0.97 per share, exceeding expectations of $0.88, and reported a revenue increase of 4.8% year-over-year to $4.54 billion.
• Edison International declared a quarterly dividend of $0.8275, reflecting an annualized amount of $3.31 and a dividend yield of 5.9% with a payout ratio of 48.60%.

IFM Investors Pty Ltd lowered its stake in shares of Edison International (NYSE:EIX - Free Report) by 20.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,637 shares of the utilities provider's stock after selling 30,658 shares during the period. IFM Investors Pty Ltd's holdings in Edison International were worth $6,872,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Intech Investment Management LLC lifted its position in shares of Edison International by 1,046.4% during the first quarter. Intech Investment Management LLC now owns 253,193 shares of the utilities provider's stock worth $14,918,000 after acquiring an additional 231,108 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Edison International by 19.3% during the first quarter. Focus Partners Wealth now owns 105,695 shares of the utilities provider's stock worth $6,228,000 after acquiring an additional 17,066 shares in the last quarter. Integrity Alliance LLC. purchased a new stake in shares of Edison International during the first quarter worth $255,000. Plato Investment Management Ltd lifted its position in shares of Edison International by 78.5% during the first quarter. Plato Investment Management Ltd now owns 78,561 shares of the utilities provider's stock worth $4,679,000 after acquiring an additional 34,537 shares in the last quarter. Finally, Advisory Alpha LLC purchased a new stake in shares of Edison International during the first quarter worth $243,000. Hedge funds and other institutional investors own 88.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EIX shares. Morgan Stanley restated an "overweight" rating on shares of Edison International in a research report on Thursday, August 21st. JPMorgan Chase & Co. lowered their price objective 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. UBS Group lowered their price objective on Edison International from $68.00 to $66.00 and set a "buy" rating on the stock in a research report on Thursday. Wolfe Research downgraded Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $71.15.

Edison International Trading Up 0.1%

Shares of NYSE:EIX traded up $0.05 on Friday, reaching $56.27. 2,204,128 shares of the company traded hands, compared to its average volume of 2,987,982. 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 stock has a market capitalization of $21.65 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 1.32 and a beta of 0.80. Edison International has a 52 week low of $47.73 and a 52 week high of $88.64. The business's 50-day simple moving average is $53.79 and its 200 day simple moving average is $54.70.

Edison International (NYSE:EIX - Get Free Report) last posted its earnings results 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 company had revenue of $4.54 billion for 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 quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, equities analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 7th were issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Monday, July 7th. Edison International's dividend payout ratio (DPR) is presently 48.60%.

Edison International Company 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.