Trilogy Capital Inc. Buys 10,231 Shares of Edison International $EIX

Key Points

• Trilogy Capital Inc. increased its holdings in Edison International by 22.0%, acquiring an additional 10,231 shares to total 56,666 shares valued at approximately $2.9 million at the end of the last quarter.
• Edison International reported earnings of $0.97 per share, exceeding analysts' expectations, with a revenue of $4.54 billion, marking a 4.8% increase year-over-year.
• The company announced a quarterly dividend of $0.8275 per share with a yield of 6.0%, to be paid on October 31st to shareholders of record by October 7th.

Trilogy Capital Inc. grew its holdings in shares of Edison International (NYSE:EIX - Free Report) by 22.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,666 shares of the utilities provider's stock after acquiring an additional 10,231 shares during the quarter. Trilogy Capital Inc.'s holdings in Edison International were worth $2,924,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Two Sigma Advisers LP bought a new stake in shares of Edison International during the fourth quarter valued at approximately $351,000. Wealth Enhancement Advisory Services LLC increased its position in Edison International by 159.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 52,692 shares of the utilities provider's stock valued at $4,207,000 after acquiring an additional 32,393 shares during the last quarter. Versant Capital Management Inc increased its position in Edison International by 96.7% in the first quarter. Versant Capital Management Inc now owns 881 shares of the utilities provider's stock worth $52,000 after buying an additional 433 shares in the last quarter. GAMMA Investing LLC increased its position in Edison International by 4,157.4% in the first quarter. GAMMA Investing LLC now owns 145,179 shares of the utilities provider's stock worth $8,554,000 after buying an additional 141,769 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Edison International by 154.5% during the first quarter. Parallel Advisors LLC now owns 9,490 shares of the utilities provider's stock worth $559,000 after purchasing an additional 5,761 shares in the last quarter. Institutional investors own 88.95% of the company's stock.

Edison International Stock Up 0.2%

Shares of NYSE EIX opened at $55.32 on Wednesday. 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 1 year low of $47.73 and a 1 year high of $88.64. The company has a 50 day simple moving average of $54.79 and a 200 day simple moving average of $54.69. The firm has a market cap of $21.29 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 1.30 and a beta of 0.80.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the previous year, the firm earned $1.23 EPS. The business's revenue for the quarter 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, research analysts forecast that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

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

Wall Street Analyst Weigh In

EIX has been the subject of several research analyst reports. Morgan Stanley cut their price target on Edison International from $61.00 to $60.00 and set an "underweight" rating for the company in a report on Thursday, September 25th. 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. Wolfe Research cut Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. JPMorgan Chase & Co. upped their price target on Edison International from $67.00 to $68.00 and gave the stock a "neutral" rating in a report on Thursday, September 25th. Finally, Barclays boosted their price objective on Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $71.75.

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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