New Age Alpha Advisors LLC Has $2.11 Million Stock Holdings in Edison International (NYSE:EIX)

Key Points

• New Age Alpha Advisors LLC increased its holdings in Edison International by 22.7%, owning 35,758 shares valued at approximately $2.11 million following an additional purchase of 6,620 shares.
• Edison International's latest earnings report showed an EPS of $0.97, exceeding analysts' expectations and reflecting a 4.8% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.8275, yielding 6.0%, with a payout ratio of 48.60%, benefiting investors who held shares as of July 7th.

New Age Alpha Advisors LLC grew its holdings in Edison International (NYSE:EIX - Free Report) by 22.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 35,758 shares of the utilities provider's stock after purchasing an additional 6,620 shares during the period. New Age Alpha Advisors LLC's holdings in Edison International were worth $2,107,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Plan Group Financial LLC boosted its stake in Edison International by 96.6% in the first quarter. Plan Group Financial LLC now owns 8,519 shares of the utilities provider's stock valued at $502,000 after buying an additional 4,186 shares in the last quarter. ING Groep NV lifted its holdings in shares of Edison International by 261.0% in the first quarter. ING Groep NV now owns 182,997 shares of the utilities provider's stock worth $10,782,000 after acquiring an additional 132,303 shares during the last quarter. Earned Wealth Advisors LLC acquired a new stake in shares of Edison International in the 1st quarter valued at approximately $247,000. Raiffeisen Bank International AG grew its holdings in shares of Edison International by 306.5% during the 1st quarter. Raiffeisen Bank International AG now owns 18,196 shares of the utilities provider's stock valued at $1,059,000 after purchasing an additional 13,720 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in Edison International by 11.7% in the 1st quarter. Blair William & Co. IL now owns 3,446 shares of the utilities provider's stock valued at $203,000 after purchasing an additional 362 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Stock Performance

EIX opened at $54.84 on Thursday. Edison International has a 1-year low of $47.73 and a 1-year high of $88.77. The company has a market cap of $21.10 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 1.30 and a beta of 0.75. The company's fifty day moving average price is $51.85 and its two-hundred day moving average price is $54.39. 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 posted its earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.09. The company 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 firm's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 EPS. On average, analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 7th were given a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Monday, July 7th. Edison International's dividend payout ratio is presently 48.60%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Morgan Stanley cut their target price on shares of Edison International from $52.00 to $51.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 18th. Barclays boosted their price target on shares of Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday. Evercore ISI reiterated an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. JPMorgan Chase & Co. lowered their target price on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research note on Monday, May 19th. Finally, Wolfe Research lowered shares of Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $76.19.

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.

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