12,419 Shares in Edison International $EIX Purchased by Krilogy Financial LLC

Key Points

• Krilogy Financial LLC has acquired a new stake in Edison International, purchasing 12,419 shares valued at approximately $641,000.
• Edison International reported $0.97 earnings per share for the last quarter, exceeding analysts' expectations of $0.88, with a revenue increase of 4.8% year-over-year.
• The company announced a quarterly dividend of $0.8275, reflecting an annualized yield of 6.0%, with a payout ratio of 48.60%.

Krilogy Financial LLC purchased a new stake in shares of Edison International (NYSE:EIX - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 12,419 shares of the utilities provider's stock, valued at approximately $641,000.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Edison International by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 49,083,555 shares of the utilities provider's stock valued at $2,892,003,000 after purchasing an additional 493,778 shares in the last quarter. Invesco Ltd. grew its position in shares of Edison International by 19.8% during 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. grew its position in shares of Edison International by 111.6% during 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. AQR Capital Management LLC grew 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 purchasing an additional 3,559,602 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Edison International by 7.7% during the 4th 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 purchasing an additional 371,043 shares in the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Price Performance

NYSE:EIX traded up $0.10 during midday trading on Friday, hitting $55.68. The company had a trading volume of 5,571,993 shares, compared to its average volume of 3,056,457. Edison International has a 52-week low of $47.73 and a 52-week high of $88.64. The stock's fifty day moving average price is $54.26 and its 200-day moving average price is $54.75. The company has a market capitalization of $21.43 billion, a PE ratio of 8.18, a P/E/G ratio of 1.30 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.09. The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.52 billion. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, research analysts expect 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 paid a $0.8275 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $3.31 annualized dividend and a yield of 5.9%. Edison International's payout ratio is currently 48.60%.

Analysts Set New Price Targets

A number of research analysts have recently commented on EIX shares. Wolfe Research lowered shares of Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Morgan Stanley boosted their price target on shares of Edison International from $55.00 to $61.00 and gave the company an "underweight" rating in a research report on Thursday. Barclays boosted 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, UBS Group cut 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 report on Thursday, September 11th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Edison International has a consensus rating of "Hold" and a consensus target price of $72.15.

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.