Revisor Wealth Management LLC Buys New Position in Edison International $EIX

Key Points

• Revisor Wealth Management LLC has acquired a new stake in Edison International (EIX) valued at approximately $264,000 during the 2nd quarter, purchasing 5,074 shares.
• Edison International's recent earnings report showed a profit of $0.97 per share, surpassing analyst expectations and marking a 4.8% year-over-year revenue increase to $4.54 billion.
• The company announced a quarterly dividend of $0.8275 per share, resulting in a 6.0% dividend yield for investors, with the ex-dividend date set for October 7th.

Revisor Wealth Management LLC bought a new stake in shares of Edison International (NYSE:EIX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,074 shares of the utilities provider's stock, valued at approximately $264,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EIX. Rakuten Securities Inc. boosted its position in shares of Edison International by 4,633.3% during the 1st quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 417 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Edison International during the 1st quarter valued at about $25,000. Investment Management Corp VA ADV boosted its position in shares of 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 purchasing an additional 265 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Edison International during the 1st quarter valued at about $35,000. Finally, Versant Capital Management Inc boosted its position in shares of Edison International by 96.7% during the 1st quarter. Versant Capital Management Inc now owns 881 shares of the utilities provider's stock valued at $52,000 after purchasing an additional 433 shares in the last quarter. Institutional investors own 88.95% of the company's stock.

Edison International Stock Up 1.9%

EIX stock opened at $55.28 on Wednesday. Edison International has a twelve month low of $47.73 and a twelve month 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 stock's 50 day moving average is $54.42 and its 200-day moving average is $54.73. The firm has a market capitalization of $21.27 billion, a PE ratio of 8.12, a P/E/G ratio of 1.27 and a beta of 0.80.

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, beating 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 for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter last year, the company earned $1.23 earnings per share. 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. Sell-side analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be issued a $0.8275 dividend. 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 currently 48.60%.

Wall Street Analysts Forecast Growth

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

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