Edison International $EIX Stock Position Raised by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Edison International by 1,046.4%, now holding 253,193 shares worth approximately $14.92 million.
• Edison International reported earnings of $0.97 per share during its latest quarter, exceeding estimates and showing a revenue increase of 4.8% year-over-year.
• The company declared a quarterly dividend of $0.8275 per share, resulting in an annualized dividend yield of 6.0%.

Intech Investment Management LLC increased its position in shares of Edison International (NYSE:EIX - Free Report) by 1,046.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,193 shares of the utilities provider's stock after purchasing an additional 231,108 shares during the period. Intech Investment Management LLC owned 0.07% of Edison International worth $14,918,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. increased its position in shares of Edison International by 4,633.3% during the 1st quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 417 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in Edison International during the first quarter valued at about $25,000. Investment Management Corp VA ADV grew its holdings in Edison International by 159.6% during 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 during the period. Zions Bancorporation National Association UT bought a new stake in Edison International in the first quarter worth about $35,000. Finally, Versant Capital Management Inc lifted its holdings in Edison International by 96.7% in the 1st quarter. Versant Capital Management Inc now owns 881 shares of the utilities provider's stock valued at $52,000 after acquiring an additional 433 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Stock Up 0.1%

NYSE:EIX traded up $0.05 during trading hours on Friday, hitting $56.27. 2,204,128 shares of the company's stock traded hands, compared to its average volume of 2,987,982. The stock's fifty day moving average price is $53.79 and its two-hundred day moving average price is $54.69. The firm has a market cap of $21.65 billion, a P/E ratio of 8.26, a P/E/G ratio of 1.32 and a beta of 0.80. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87. Edison International has a twelve month low of $47.73 and a twelve month high of $88.64.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.09. The firm had revenue of $4.54 billion during 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 quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $1.23 EPS. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. On average, research analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

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

Analyst Ratings Changes

EIX has been the topic of several recent research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Edison International in a research note on Thursday, August 21st. JPMorgan Chase & Co. decreased their price target on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research report on Monday, May 19th. Barclays increased 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 lowered Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Finally, UBS Group decreased their price target on Edison International from $68.00 to $66.00 and set a "buy" rating for the company in a research report on Thursday. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Edison International presently has a consensus rating of "Moderate Buy" and an average target price of $71.15.

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.