MBB Public Markets I LLC Takes $318,000 Position in Edison International $EIX

Key Points

• MBB Public Markets I LLC has invested approximately $318,000 in Edison International by purchasing 5,401 shares.
• Analysts have a consensus rating of "Moderate Buy" on Edison International, with a price target of $75.21.
• Edison International has recently reported a quarterly revenue of $4.54 billion, showing a 4.8% increase compared to the same quarter of the previous year.

MBB Public Markets I LLC purchased a new position in Edison International (NYSE:EIX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,401 shares of the utilities provider's stock, valued at approximately $318,000.

A number of other large investors have also bought and sold shares of EIX. AQR Capital Management LLC grew its holdings in 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 period. JPMorgan Chase & Co. grew its holdings 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 valued at $333,689,000 after buying 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% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,395,732 shares of the utilities provider's stock valued at $258,997,000 after buying 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% during the first quarter. Canada Pension Plan Investment Board now owns 4,658,597 shares of the utilities provider's stock valued at $274,485,000 after buying 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% during the first quarter. Ameriprise Financial Inc. now owns 3,988,091 shares of the utilities provider's stock valued at $234,978,000 after buying an additional 1,194,296 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EIX. JPMorgan Chase & Co. reduced their price objective on shares of 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 reiterated an "overweight" rating on shares of Edison International in a report on Thursday, August 21st. Barclays lifted their price objective on shares of Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, August 4th. UBS Group reduced their price objective on shares of Edison International from $68.00 to $66.00 and set a "buy" rating for the company in a report on Thursday. Finally, Wolfe Research cut shares of Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $71.15.

Edison International Stock Up 0.1%

Edison International stock traded up $0.05 during midday trading on Friday, hitting $56.27. 2,204,128 shares of the stock were exchanged, compared to its average volume of 2,987,982. The stock has a market capitalization of $21.65 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 1.32 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 has a 52-week low of $47.73 and a 52-week high of $88.64. The business's 50-day moving average price is $53.79 and its 200-day moving average price is $54.69.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.88 by $0.09. The business had revenue of $4.54 billion for 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 revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter 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. On average, research analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 7th were given 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%.

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.