Quantbot Technologies LP Boosts Holdings in Edison International $EIX

Key Points

• Quantbot Technologies LP significantly increased its stake in Edison International by 4,506.8%, acquiring 224,489 shares worth approximately $13.2 million.
• Analyst ratings for Edison International are mixed, with one sell rating, five hold ratings, and nine buy ratings, leading to a consensus rating of "Moderate Buy".
• Edison International declared a quarterly dividend of $0.8275 per share, yielding about 6.0%, with an ex-dividend date in early July.

Quantbot Technologies LP boosted its stake in shares of Edison International (NYSE:EIX - Free Report) by 4,506.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 224,489 shares of the utilities provider's stock after buying an additional 219,616 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of Edison International worth $13,227,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. grew 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 valued at $25,000 after buying an additional 417 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in Edison International during the first quarter valued at about $25,000. Investment Management Corp VA ADV lifted its holdings 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 valued at $25,000 after purchasing an additional 265 shares during the last quarter. Bellwether Advisors LLC purchased a new stake in Edison International during the fourth quarter valued at about $34,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Edison International during the first quarter valued at about $35,000. Institutional investors own 88.95% of the company's stock.

Analyst Ratings Changes

EIX has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a report on Monday, May 19th. Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a report on Thursday, May 15th. Morgan Stanley dropped their price objective on shares of Edison International from $52.00 to $51.00 and set an "underweight" rating on the stock in a report on Wednesday, June 18th. Wolfe Research downgraded shares of Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Finally, Barclays upped their price objective on shares of Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Nine investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.21.

Edison International Price Performance

Shares of EIX stock traded up $1.7230 during trading hours on Friday, reaching $55.5330. The stock had a trading volume of 2,685,737 shares, compared to its average volume of 3,706,891. The stock's fifty day simple moving average is $52.50 and its 200 day simple moving average is $54.29. 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 has a 12 month low of $47.73 and a 12 month high of $88.77. The firm has a market capitalization of $21.37 billion, a PE ratio of 8.15, a PEG ratio of 1.27 and a beta of 0.75.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 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 analyst estimates of $4.52 billion. During the same period last year, the business earned $1.23 earnings per share. Edison International's 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. On average, equities research analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 7th were paid 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 (DPR) is currently 48.60%.

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.