4,994 Shares in Edison International $EIX Acquired by My Legacy Advisors LLC

Key Points

• My Legacy Advisors LLC purchased 4,994 shares of Edison International, valued at approximately $256,000, signaling growing investor interest in the utilities firm.
• Edison International reported a quarterly net margin of 16.00% and earnings per share of $0.97, exceeding analysts' expectations.
• The company declared a quarterly dividend of $0.8275 per share, reflecting a 5.9% yield and a payout ratio of 48.60%.

My Legacy Advisors LLC purchased a new position in shares of Edison International (NYSE:EIX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,994 shares of the utilities provider's stock, valued at approximately $256,000.

A number of other large investors also recently added to or reduced their stakes in the company. Perpetual Ltd acquired a new position in Edison International during the second quarter worth $674,000. International Private Wealth Advisors LLC lifted its stake in Edison International by 47.8% during the second quarter. International Private Wealth Advisors LLC now owns 8,196 shares of the utilities provider's stock worth $423,000 after purchasing an additional 2,650 shares in the last quarter. IFM Investors Pty Ltd raised its stake in shares of Edison International by 4.2% in the second quarter. IFM Investors Pty Ltd now owns 121,540 shares of the utilities provider's stock valued at $6,271,000 after acquiring an additional 4,903 shares in the last quarter. Moody National Bank Trust Division raised its stake in shares of Edison International by 107.2% in the second quarter. Moody National Bank Trust Division now owns 23,573 shares of the utilities provider's stock valued at $1,216,000 after acquiring an additional 12,195 shares in the last quarter. Finally, Rockland Trust Co. acquired a new stake in shares of Edison International in the second quarter valued at $451,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Stock Performance

EIX traded up $0.86 during trading on Tuesday, reaching $55.12. The company's stock had a trading volume of 1,227,719 shares, compared to its average volume of 4,267,326. The company's fifty day moving average price is $54.33 and its 200-day moving average price is $54.73. Edison International has a 52-week low of $47.73 and a 52-week 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 $21.21 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 1.31 and a beta of 0.80.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.09. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the firm earned $1.23 EPS. The company's revenue for the quarter was up 4.8% on a year-over-year basis. 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 fiscal year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Tuesday, October 7th. Edison International's dividend payout ratio (DPR) is presently 48.60%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EIX shares. Wolfe Research cut Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Barclays increased their price objective on Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Morgan Stanley increased their price objective on Edison International from $55.00 to $61.00 and gave the company an "underweight" rating in a research note on Thursday, September 18th. Finally, UBS Group reduced their price objective on Edison International from $68.00 to $66.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target 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.