Edison International $EIX Shares Purchased by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd has increased its stock holdings in Edison International by 22.4%, now owning 45,572 shares valued at approximately $2.69 million.
• Edison International reported earnings per share (EPS) of $0.97 for the last quarter, exceeding expectations by $0.09, with a revenue of $4.54 billion.
• The company recently announced a quarterly dividend of $0.8275 per share, yielding 6.0%, with a dividend payout ratio of 48.60%.

UniSuper Management Pty Ltd lifted its position in Edison International (NYSE:EIX - Free Report) by 22.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,572 shares of the utilities provider's stock after buying an additional 8,330 shares during the quarter. UniSuper Management Pty Ltd's holdings in Edison International were worth $2,685,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Petrus Trust Company LTA lifted its holdings in shares of Edison International by 205.8% in the first quarter. Petrus Trust Company LTA now owns 26,656 shares of the utilities provider's stock worth $1,571,000 after buying an additional 17,939 shares in the last quarter. PharVision Advisers LLC purchased a new stake in shares of Edison International in the first quarter worth about $452,000. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Edison International by 1.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 47,625 shares of the utilities provider's stock worth $2,806,000 after buying an additional 775 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Edison International by 22.0% in the first quarter. NewEdge Advisors LLC now owns 75,413 shares of the utilities provider's stock worth $4,443,000 after buying an additional 13,593 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Edison International by 27.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,482 shares of the utilities provider's stock worth $4,791,000 after buying an additional 17,675 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EIX has been the topic of a number of recent analyst reports. UBS Group lowered their target price on shares of Edison International from $68.00 to $66.00 and set a "buy" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. dropped their target price 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. Barclays boosted their target price on Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Wolfe Research lowered shares of Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Finally, Morgan Stanley restated an "overweight" rating on shares of Edison International in a research note on Thursday, August 21st. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $71.15.

Edison International Trading Up 0.1%

Shares of NYSE:EIX traded up $0.05 on Friday, hitting $56.27. 2,204,128 shares of the company's stock were exchanged, compared to its average volume of 2,987,982. Edison International has a 12 month low of $47.73 and a 12 month high of $88.64. The stock has a market capitalization of $21.65 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 1.32 and a beta of 0.80. The business's 50 day simple moving average is $53.79 and its two-hundred day simple moving average is $54.69. 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 (NYSE:EIX - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.88 by $0.09. The firm 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%.The business's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Analysts anticipate 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 was paid on Thursday, July 31st. Shareholders of record on Monday, July 7th were paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 5.9%. The ex-dividend date was Monday, July 7th. Edison International's payout ratio is 48.60%.

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.