Jump Financial LLC Boosts Holdings in Edison International $EIX

Key Points

• Jump Financial LLC increased its holdings in Edison International by 438.7% in Q1, owning 94,804 shares valued at approximately $5.6 million after acquiring an additional 77,206 shares.
• Edison International's stock has a consensus price target of $75.21, with ratings showing nine analysts giving a Buy rating and five assigning a Hold rating.
• The company declared a quarterly dividend of $0.8275 per share, reflecting an annual yield of 6.0% and a payout ratio of 48.60%.

Jump Financial LLC grew its holdings in shares of Edison International (NYSE:EIX - Free Report) by 438.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,804 shares of the utilities provider's stock after acquiring an additional 77,206 shares during the quarter. Jump Financial LLC's holdings in Edison International were worth $5,586,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EIX. JPMorgan Chase & Co. raised its stake in shares of Edison International by 111.6% during the first 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 in the last quarter. Northern Trust Corp raised its stake in shares of Edison International by 53.9% during the fourth quarter. Northern Trust Corp now owns 5,757,034 shares of the utilities provider's stock worth $459,642,000 after acquiring an additional 2,016,017 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Edison International by 149.3% during the fourth quarter. Ameriprise Financial Inc. now owns 2,793,795 shares of the utilities provider's stock worth $223,057,000 after acquiring an additional 1,673,204 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Edison International by 1,946.0% during the first quarter. Allianz Asset Management GmbH now owns 1,255,449 shares of the utilities provider's stock worth $73,971,000 after acquiring an additional 1,194,088 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Edison International during the first quarter worth approximately $61,916,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on EIX shares. Evercore ISI reissued an "outperform" rating on shares of Edison International in a research note on Thursday, May 15th. Barclays lifted their target price 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. Wolfe Research downgraded shares of Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Morgan Stanley reaffirmed an "overweight" rating on shares of Edison International in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. decreased their target price 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. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $75.21.

Edison International Trading Up 2.6%

NYSE:EIX traded up $1.43 during trading hours on Friday, hitting $56.15. The company had a trading volume of 2,276,097 shares, compared to its average volume of 4,329,838. Edison International has a 52 week low of $47.73 and a 52 week high of $88.77. The company has a market capitalization of $21.61 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 1.30 and a beta of 0.75. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.81. The stock has a 50-day moving average price of $52.92 and a 200 day moving average price of $54.40.

Edison International (NYSE:EIX - Get Free Report) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.97 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter in the previous year, the business posted $1.23 EPS. The company'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 predict 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 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Monday, July 7th. Edison International's payout ratio is 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.