Kera Capital Partners Inc. Buys Shares of 6,965 Edison International $EIX

Key Points

• Kera Capital Partners Inc. acquired 6,965 shares of Edison International worth approximately $359,000 in the second quarter, as disclosed in their Form 13F filing.
• Multiple institutional investors are increasing their stakes in Edison International, with Vanguard Group Inc. lifting its position by 1.0% and JPMorgan Chase & Co. increasing its position by 111.6% during the first quarter.
• Analysts have varying opinions on Edison International's stock, with target prices set between $66.00 and $71.00 and an average rating of "Moderate Buy."

Kera Capital Partners Inc. purchased a new position in shares of Edison International (NYSE:EIX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,965 shares of the utilities provider's stock, valued at approximately $359,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Edison International by 1.0% in the first quarter. Vanguard Group Inc. now owns 49,083,555 shares of the utilities provider's stock worth $2,892,003,000 after acquiring an additional 493,778 shares during the period. Invesco Ltd. raised its holdings in shares of Edison International by 19.8% in the 1st quarter. Invesco Ltd. now owns 5,770,535 shares of the utilities provider's stock valued at $340,000,000 after purchasing an additional 953,897 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 worth $333,689,000 after purchasing an additional 2,987,318 shares during the period. AQR Capital Management LLC boosted its stake in shares of Edison International by 190.5% during the first quarter. AQR Capital Management LLC now owns 5,428,038 shares of the utilities provider's stock valued at $319,169,000 after purchasing an additional 3,559,602 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Edison International by 7.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,163,408 shares of the utilities provider's stock valued at $412,246,000 after buying an additional 371,043 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on EIX. JPMorgan Chase & Co. lowered their target price on Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a report on Monday, May 19th. Morgan Stanley restated an "overweight" rating on shares of Edison International in a research note on Thursday, August 21st. UBS Group cut their target price on Edison International from $68.00 to $66.00 and set a "buy" rating on the stock in a research note on Thursday. Barclays increased their price target on shares of Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Wolfe Research downgraded shares of Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $71.15.

Edison International Trading Up 0.1%

NYSE:EIX opened at $56.27 on Friday. The company has a market capitalization of $21.65 billion, a P/E ratio of 8.26, a PEG ratio of 1.32 and a beta of 0.80. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 2.03. Edison International has a 12 month low of $47.73 and a 12 month high of $88.64. The firm has a fifty day simple moving average of $53.79 and a 200-day simple moving average of $54.70.

Edison International (NYSE:EIX - Get Free Report) last issued its earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.09. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same quarter last year, the business posted $1.23 EPS. The firm'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 anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders 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 dividend on an annualized basis and a yield of 5.9%. Edison International's dividend payout ratio (DPR) is currently 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.

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