Mattson Financial Services LLC Acquires Shares of 4,621 Edison International $EIX

Key Points

• Mattson Financial Services LLC has acquired 4,621 shares in Edison International, valued at approximately $238,000, indicating growing interest from institutional investors in the utilities sector.
• Edison International's stock has received mixed ratings from analysts, with price targets ranging from $65.00 to $71.00, reflecting differing sentiments about its future performance.
• The company has announced a quarterly dividend of $0.8275 per share, providing a dividend yield of 5.8% and showcasing its commitment to returning value to shareholders.

Mattson Financial Services LLC acquired a new stake in shares of Edison International (NYSE:EIX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,621 shares of the utilities provider's stock, valued at approximately $238,000.

A number of other hedge funds have also recently made changes to their positions in EIX. AQR Capital Management LLC grew its holdings in shares of Edison International by 190.5% in the first quarter. AQR Capital Management LLC now owns 5,428,038 shares of the utilities provider's stock worth $319,169,000 after purchasing an additional 3,559,602 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Edison International by 111.6% in the first 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 last quarter. ATLAS Infrastructure Partners UK Ltd. grew its holdings in shares of Edison International by 197.2% in the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,395,732 shares of the utilities provider's stock worth $258,997,000 after purchasing an additional 2,916,645 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Edison International by 38.3% in the first quarter. Canada Pension Plan Investment Board now owns 4,658,597 shares of the utilities provider's stock worth $274,485,000 after purchasing an additional 1,289,062 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Edison International by 42.7% in the first quarter. Ameriprise Financial Inc. now owns 3,988,091 shares of the utilities provider's stock worth $234,978,000 after purchasing an additional 1,194,296 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Barclays upped 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. UBS Group lowered their price objective 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. TD Cowen assumed coverage on shares of Edison International in a research note on Thursday. They issued a "buy" rating and a $71.00 price objective for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Edison International in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Edison International from $67.00 to $68.00 and gave the stock a "neutral" rating in a research note on Thursday, September 25th. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $65.25.

Edison International Stock Up 0.1%

NYSE:EIX opened at $56.75 on Friday. The firm has a market cap of $21.84 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 0.97 and a beta of 0.80. The company has a 50-day moving average of $55.20 and a 200 day moving average of $54.40. Edison International has a 1-year low of $47.73 and a 1-year high of $88.64. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.81.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.88 by $0.09. The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.52 billion. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior 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 anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 7th will be given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, October 7th. Edison International's dividend payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.