Intrua Financial LLC Invests $281,000 in Edison International $EIX

Key Points

• Intrua Financial LLC has invested approximately $281,000 in Edison International, acquiring 4,768 shares of the utilities provider's stock.
• Significant institutional investments in Edison International included a 111.6% increase in holdings from JPMorgan Chase & Co. and a 190.5% increase from AQR Capital Management in the first quarter.
• Edison International reported earnings per share of $0.97 for the last quarter, exceeding analyst expectations, and has declared a quarterly dividend of $0.8275 per share, reflecting a yield of 5.9%.

Intrua Financial LLC acquired a new stake in Edison International (NYSE:EIX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,768 shares of the utilities provider's stock, valued at approximately $281,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its position in shares of 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 valued at $319,169,000 after buying an additional 3,559,602 shares during the period. JPMorgan Chase & Co. raised its stake 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 acquiring an additional 2,987,318 shares during the period. ATLAS Infrastructure Partners UK Ltd. raised its stake 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 acquiring an additional 2,916,645 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of 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 valued at $274,485,000 after acquiring an additional 1,289,062 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Edison International by 42.7% in 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 during the period. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Price Performance

NYSE EIX traded down $0.69 during mid-day trading on Tuesday, hitting $55.17. The stock had a trading volume of 3,240,079 shares, compared to its average volume of 4,301,692. The company has a 50 day simple moving average of $53.89 and a 200 day simple moving average of $54.73. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The company has a market cap of $21.23 billion, a price-to-earnings ratio of 8.10, a P/E/G 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.

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 for the quarter, beating the consensus estimate of $0.88 by $0.09. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the firm posted $1.23 EPS. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Equities analysts forecast that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently declared 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 of this dividend was Monday, July 7th. This represents a $3.31 annualized dividend and a yield of 6.0%. Edison International's dividend payout ratio is 48.60%.

Analyst Ratings Changes

Several research firms have commented on EIX. Barclays boosted their price target on shares of Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Wolfe Research cut shares of Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Morgan Stanley reiterated an "overweight" rating on shares of Edison International in a report on Thursday, August 21st. JPMorgan Chase & Co. reduced their price objective on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research report on Monday, May 19th. Finally, UBS Group decreased their target price on shares of Edison International from $68.00 to $66.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $71.15.

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.