Kwmg LLC Grows Stock Position in Edison International $EIX

Key Points

• Kwmg LLC increased its stake in Edison International by 7.8%, now owning 92,196 shares valued at approximately $4.76 million.
• Analysts have varying opinions on Edison International, with price targets ranging from $61.00 to $72.15, and a consensus rating of "Hold."
• Edison International announced a quarterly dividend of $0.8275 per share, representing an annualized yield of 6.1%.

Kwmg LLC lifted its stake in Edison International (NYSE:EIX - Free Report) by 7.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,196 shares of the utilities provider's stock after purchasing an additional 6,650 shares during the period. Kwmg LLC's holdings in Edison International were worth $4,757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Two Sigma Investments LP raised its stake in Edison International by 263.8% in the fourth quarter. Two Sigma Investments LP now owns 87,753 shares of the utilities provider's stock valued at $7,006,000 after buying an additional 63,630 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in Edison International in the fourth quarter valued at $351,000. Vident Advisory LLC raised its stake in Edison International by 9.0% in the fourth quarter. Vident Advisory LLC now owns 5,829 shares of the utilities provider's stock valued at $465,000 after buying an additional 482 shares in the last quarter. Woodline Partners LP acquired a new stake in Edison International in the fourth quarter valued at $1,856,000. Finally, Vise Technologies Inc. raised its stake in Edison International by 29.3% in the fourth quarter. Vise Technologies Inc. now owns 5,733 shares of the utilities provider's stock valued at $458,000 after buying an additional 1,300 shares in the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EIX has been the topic of a number of analyst reports. Wolfe Research cut Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Morgan Stanley raised their price target on Edison International from $55.00 to $61.00 and gave the company an "underweight" rating in a research note on Thursday. 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 report on Thursday, September 11th. Finally, Barclays lifted their target price on Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $72.15.

Edison International Price Performance

Shares of EIX opened at $54.32 on Tuesday. Edison International has a twelve month low of $47.73 and a twelve month high of $88.64. The stock's 50 day moving average is $54.33 and its two-hundred day moving average is $54.73. The firm has a market capitalization of $20.90 billion, a PE ratio of 7.98, a P/E/G ratio of 1.31 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 (NYSE:EIX - Get Free Report) last announced its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the previous year, the company earned $1.23 EPS. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Research analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 6.1%. Edison International's dividend payout ratio (DPR) is 48.60%.

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.

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