Moody National Bank Trust Division Buys 12,195 Shares of Edison International $EIX

Key Points

• Moody National Bank Trust Division increased its stake in Edison International by 107.2%, acquiring an additional 12,195 shares during the second quarter, bringing its total to 23,573 shares valued at approximately $1.216 million.
• Analysts have mixed ratings on Edison International, with seven analysts rating it as a Buy and a consensus target price of $72.15, while Wolfe Research downgraded the stock from "outperform" to "peer perform."
• Edison International reported a quarterly earnings per share of $0.97, exceeding consensus estimates, with a revenue increase of 4.8% year-over-year to $4.54 billion.

Moody National Bank Trust Division lifted its stake in shares of Edison International (NYSE:EIX - Free Report) by 107.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,573 shares of the utilities provider's stock after acquiring an additional 12,195 shares during the period. Moody National Bank Trust Division's holdings in Edison International were worth $1,216,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Rakuten Securities Inc. lifted its position in Edison International by 4,633.3% during the first quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider's stock worth $25,000 after buying an additional 417 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in Edison International during the first quarter worth about $25,000. Investment Management Corp VA ADV lifted its position in Edison International by 159.6% during the first quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider's stock worth $25,000 after buying an additional 265 shares during the period. Zions Bancorporation National Association UT purchased a new position in Edison International during the first quarter worth about $35,000. Finally, Ameriflex Group Inc. purchased a new position in Edison International during the fourth quarter worth about $56,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Stock Up 0.2%

Shares of EIX stock traded up $0.10 on Friday, reaching $55.68. 5,571,993 shares of the company's stock traded hands, compared to its average volume of 3,056,457. Edison International has a 12-month low of $47.73 and a 12-month high of $88.64. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87. The company has a market capitalization of $21.43 billion, a P/E ratio of 8.18, a price-to-earnings-growth ratio of 1.31 and a beta of 0.80. The business's 50 day moving average price is $54.26 and its two-hundred day moving average price is $54.75.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.09. The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.52 billion. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The firm's revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.23 EPS. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. On average, equities analysts forecast 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 was paid on Thursday, July 31st. Shareholders of record on Monday, July 7th were issued 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 dividend payout ratio is 48.60%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EIX shares. Wolfe Research downgraded Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. UBS Group lowered their price objective on Edison International from $68.00 to $66.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. 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. Finally, Morgan Stanley lifted their target price on Edison International from $55.00 to $61.00 and gave the stock an "underweight" rating in a research report on Thursday. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $72.15.

Edison International Company 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.