Sivia Capital Partners LLC Buys 5,290 Shares of Edison International $EIX

Key Points

• Sivia Capital Partners LLC increased its stake in Edison International by 153.6%, holding 8,734 shares valued at $451,000.
• During the second quarter, several institutional investors, including Pallas Capital Advisors, also significantly increased their holdings in Edison International, with 88.95% of the stock now owned by such entities.
• Edison International reported a quarterly EPS of $0.97, surpassing estimates, and declared a dividend of $0.8275, representing a 6.0% annual yield.

Sivia Capital Partners LLC boosted its position in shares of Edison International (NYSE:EIX - Free Report) by 153.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,734 shares of the utilities provider's stock after purchasing an additional 5,290 shares during the quarter. Sivia Capital Partners LLC's holdings in Edison International were worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EIX. Rakuten Securities Inc. grew 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 worth $25,000 after buying an additional 417 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Edison International in the 1st quarter valued at approximately $25,000. Investment Management Corp VA ADV grew its position in shares of Edison International by 159.6% in 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 during the period. Zions Bancorporation National Association UT acquired a new position in shares of Edison International in the 1st quarter valued at approximately $35,000. Finally, Versant Capital Management Inc boosted its position in Edison International by 96.7% during the 1st quarter. Versant Capital Management Inc now owns 881 shares of the utilities provider's stock worth $52,000 after acquiring an additional 433 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

Edison International Price Performance

NYSE:EIX traded up $0.10 during trading hours on Friday, hitting $55.68. The company's stock had a trading volume of 5,571,993 shares, compared to its average volume of 4,285,693. The stock has a fifty day simple moving average of $54.17 and a 200-day simple moving average of $54.75. The company has a market capitalization of $21.43 billion, a P/E ratio of 8.18, a PEG ratio of 1.31 and a beta of 0.80. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.81. Edison International has a twelve month low of $47.73 and a twelve month high of $88.64.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.09. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.52 billion. Edison International had a return on equity of 11.99% and a net margin of 16.00%.Edison International's revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. On average, analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 7th were given a $0.8275 dividend. The ex-dividend date was Monday, July 7th. This represents a $3.31 annualized dividend and a yield of 5.9%. Edison International's dividend payout ratio (DPR) is currently 48.60%.

Analyst Ratings Changes

A number of equities analysts have weighed in on EIX shares. UBS Group reduced their price target on Edison International from $68.00 to $66.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Wolfe Research cut Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Morgan Stanley increased their price target on Edison International from $55.00 to $61.00 and gave the company an "underweight" rating in a research note on Thursday. Finally, Barclays increased their price objective on Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Seven 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 company has a consensus rating of "Hold" and a consensus price target of $72.15.

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.