Robeco Institutional Asset Management B.V. Sells 145,163 Shares of Edison International $EIX

Robeco Institutional Asset Management B.V. lessened its holdings in Edison International (NYSE:EIX - Free Report) by 16.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 712,258 shares of the utilities provider's stock after selling 145,163 shares during the period. Robeco Institutional Asset Management B.V. owned 0.19% of Edison International worth $36,753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Edison International by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 49,083,555 shares of the utilities provider's stock valued at $2,892,003,000 after acquiring an additional 493,778 shares during the period. Invesco Ltd. grew its holdings in Edison International by 19.8% in the 1st quarter. Invesco Ltd. now owns 5,770,535 shares of the utilities provider's stock valued at $340,000,000 after buying an additional 953,897 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Edison International by 111.6% in the 1st quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider's stock valued at $333,689,000 after buying an additional 2,987,318 shares in the last quarter. AQR Capital Management LLC grew its holdings in Edison International by 190.5% in the 1st quarter. AQR Capital Management LLC now owns 5,428,038 shares of the utilities provider's stock valued at $319,169,000 after buying an additional 3,559,602 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in Edison International by 38.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,658,597 shares of the utilities provider's stock valued at $274,485,000 after buying an additional 1,289,062 shares in the last quarter. Institutional investors own 88.95% of the company's stock.

Edison International Stock Performance

EIX opened at $55.29 on Friday. The firm has a market cap of $21.28 billion, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 1.28 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 debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87. The business's fifty day moving average is $54.98 and its 200-day moving average is $54.64.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.09. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the prior year, the company earned $1.23 EPS. Edison International'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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 7th will be given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Tuesday, October 7th. Edison International's dividend payout ratio is currently 48.60%.

Analyst Ratings Changes

A number of research analysts have commented on EIX shares. Jefferies Financial Group lowered Edison International from a "buy" rating to a "hold" rating and decreased their price objective for the company from $70.00 to $57.00 in a report on Thursday. Wolfe Research lowered Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Barclays upped their price objective on Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Weiss Ratings reissued a "hold (c)" rating on shares of Edison International in a report on Saturday, September 27th. Finally, Morgan Stanley reduced their target price on Edison International from $61.00 to $60.00 and set an "underweight" rating on the stock in a report on Thursday, September 25th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Edison International presently has a consensus rating of "Hold" and an average target price of $64.61.

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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