PDT Partners LLC Purchases New Holdings in Edison International $EIX

Key Points

• PDT Partners LLC has acquired a new stake in Edison International, purchasing 21,835 shares valued at approximately $1.29 million during the first quarter.
• Analysts have set a consensus price target of $75.21 for Edison International, with several brokerages providing ratings ranging from "overweight" to "neutral."
• Edison International has recently announced a quarterly dividend of $0.8275 per share, reflecting a dividend yield of 6.0% and a payout ratio of 48.60%.

PDT Partners LLC bought a new position in shares of Edison International (NYSE:EIX - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 21,835 shares of the utilities provider's stock, valued at approximately $1,287,000.

A number of other large investors also recently bought and sold shares of the company. KWB Wealth lifted its holdings in Edison International by 1.5% during the 1st quarter. KWB Wealth now owns 14,751 shares of the utilities provider's stock worth $869,000 after buying an additional 218 shares during the last quarter. Private Advisor Group LLC boosted its position in Edison International by 1.5% during the 1st quarter. Private Advisor Group LLC now owns 17,764 shares of the utilities provider's stock valued at $1,047,000 after purchasing an additional 254 shares during the period. Investment Management Corp VA ADV raised its stake in Edison International by 159.6% during the 1st quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 265 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Edison International by 3.0% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,224 shares of the utilities provider's stock valued at $543,000 after acquiring an additional 271 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in Edison International by 11.5% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 2,735 shares of the utilities provider's stock valued at $161,000 after acquiring an additional 281 shares in the last quarter. Institutional investors own 88.95% of the company's stock.

Edison International Stock Up 2.3%

EIX traded up $1.22 during trading on Tuesday, reaching $54.52. 862,164 shares of the stock traded hands, compared to its average volume of 4,282,733. The stock has a market cap of $20.98 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 1.28 and a beta of 0.80. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $88.64. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.81. The stock's 50-day simple moving average is $53.54 and its two-hundred day simple moving average is $54.62.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly 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. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The company had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter in the previous year, the firm earned $1.23 earnings per share. The business's quarterly revenue was up 4.8% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, equities research analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 7th were paid a $0.8275 dividend. The ex-dividend date was Monday, July 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.1%. Edison International's payout ratio is presently 48.60%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research note on Monday, May 19th. Wolfe Research cut Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Evercore ISI reiterated an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. Barclays lifted their price target on Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Edison International in a research report on Thursday, August 21st. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $75.21.

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.