Edison International $EIX Position Reduced by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC reduced its holdings in Edison International by 35.6%, selling 7,094 shares, and now possesses 12,858 shares valued at approximately $758,000.
• Institutional investors currently own 88.95% of Edison International's stock, with significant acquisitions by firms such as Vanguard and JPMorgan Chase.
• Edison International reported an EPS of $0.97 for the last quarter, exceeding analysts' expectations, and also declared a quarterly dividend of $0.8275 per share.

Integrated Wealth Concepts LLC lowered its holdings in shares of Edison International (NYSE:EIX - Free Report) by 35.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,858 shares of the utilities provider's stock after selling 7,094 shares during the period. Integrated Wealth Concepts LLC's holdings in Edison International were worth $758,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EIX. AQR Capital Management LLC raised its position in Edison International by 190.5% during the 1st quarter. AQR Capital Management LLC now owns 5,428,038 shares of the utilities provider's stock worth $319,169,000 after buying an additional 3,559,602 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Edison International by 111.6% in the 1st quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider's stock valued at $333,689,000 after purchasing an additional 2,987,318 shares in the last quarter. ATLAS Infrastructure Partners UK Ltd. increased its holdings in shares of Edison International by 197.2% in the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,395,732 shares of the utilities provider's stock valued at $258,997,000 after purchasing an additional 2,916,645 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Edison International by 38.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,658,597 shares of the utilities provider's stock valued at $274,485,000 after acquiring an additional 1,289,062 shares in the last quarter. Finally, Ameriprise Financial Inc. increased 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 acquiring an additional 1,194,296 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on EIX. Morgan Stanley restated an "overweight" rating on shares of Edison International in a report on Thursday, August 21st. UBS Group decreased their price target on shares of Edison International from $68.00 to $66.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. 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 note on Monday, May 19th. Wolfe Research cut shares of Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Finally, Barclays raised their price target on shares of Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research note 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $71.15.

Edison International Trading Down 1.2%

EIX stock traded down $0.69 during midday trading on Tuesday, reaching $55.17. 3,240,079 shares of the company's stock traded hands, compared to its average volume of 4,301,692. The company has a market capitalization of $21.23 billion, a P/E ratio of 8.10, a PEG ratio of 1.32 and a beta of 0.80. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.81. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $88.64. The business has a 50-day moving average price of $53.89 and a two-hundred day moving average price of $54.73.

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

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 7th were issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Monday, July 7th. Edison International's dividend payout ratio (DPR) is presently 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.