New York State Teachers Retirement System Has $19.11 Million Position in Edison International $EIX

Key Points

• The New York State Teachers Retirement System increased its holdings in Edison International by 12.6% during the second quarter, owning approximately $19.11 million worth of shares.
• An array of institutional investors, including CWM LLC and TD Asset Management, significantly boosted their stakes in Edison International during the same period, with CWM LLC increasing its position by 88%.
• Edison International reported an earnings per share (EPS) of $0.97 for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.8275 per share, reflecting a strong 5.8% dividend yield.

New York State Teachers Retirement System increased its position in Edison International (NYSE:EIX - Free Report) by 12.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 370,411 shares of the utilities provider's stock after buying an additional 41,419 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Edison International worth $19,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. TD Asset Management Inc increased its stake in shares of Edison International by 67.5% in the second quarter. TD Asset Management Inc now owns 323,320 shares of the utilities provider's stock valued at $16,683,000 after buying an additional 130,289 shares during the period. NorthRock Partners LLC increased its stake in shares of Edison International by 28.8% in the second quarter. NorthRock Partners LLC now owns 4,585 shares of the utilities provider's stock valued at $237,000 after buying an additional 1,026 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Edison International by 27.9% in the second quarter. Sequoia Financial Advisors LLC now owns 11,829 shares of the utilities provider's stock valued at $610,000 after buying an additional 2,582 shares during the period. MGO One Seven LLC increased its stake in shares of Edison International by 23.9% in the second quarter. MGO One Seven LLC now owns 9,654 shares of the utilities provider's stock valued at $498,000 after buying an additional 1,862 shares during the period. Finally, CWM LLC increased its stake in shares of Edison International by 88.0% in the second quarter. CWM LLC now owns 182,210 shares of the utilities provider's stock valued at $9,402,000 after buying an additional 85,276 shares during the period. Institutional investors and hedge funds own 88.95% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EIX shares. JPMorgan Chase & Co. upped their price objective on Edison International from $67.00 to $68.00 and gave the company a "neutral" rating in a research note on Thursday, September 25th. Morgan Stanley decreased their target price on shares of Edison International from $61.00 to $60.00 and set an "underweight" rating for the company in a research report on Thursday, September 25th. Barclays increased their target price on shares of Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. TD Cowen started coverage on shares of Edison International in a research report on Thursday. They set a "buy" rating and a $71.00 target price for the company. Finally, Jefferies Financial Group downgraded shares of Edison International from a "buy" rating to a "hold" rating and decreased their target price for the company from $70.00 to $57.00 in a research report on Thursday, October 2nd. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $65.25.

Edison International Stock Performance

Shares of EIX stock opened at $56.75 on Friday. The company has a market cap of $21.84 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 0.97 and a beta of 0.80. Edison International has a 52 week low of $47.73 and a 52 week high of $88.64. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The firm has a 50 day moving average of $55.20 and a 200-day moving average of $54.40.

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 company had revenue of $4.54 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm 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 Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.8%. Edison International's dividend payout ratio (DPR) is 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.

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