US Bancorp DE Sells 6,711 Shares of Edison International $EIX

Key Points

• US Bancorp DE reduced its stake in Edison International by 12.5%, selling 6,711 shares and bringing its holdings down to 47,060 shares valued at approximately $2,428,000.
• Several institutional investors, including AQR Capital Management and JPMorgan Chase & Co., significantly increased their holdings in Edison International during the first quarter, indicating strong interest from major financial players.
• Edison International recently announced a quarterly dividend of $0.8275 per share, with an annualized yield of 5.9%, while its earnings exceeded estimates in the last reported quarter.

US Bancorp DE decreased its stake in shares of Edison International (NYSE:EIX - Free Report) by 12.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,060 shares of the utilities provider's stock after selling 6,711 shares during the quarter. US Bancorp DE's holdings in Edison International were worth $2,428,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EIX. AQR Capital Management LLC raised its stake in shares of Edison International by 190.5% during the first quarter. AQR Capital Management LLC now owns 5,428,038 shares of the utilities provider's stock valued at $319,169,000 after acquiring an additional 3,559,602 shares in the last quarter. JPMorgan Chase & Co. raised its position in Edison International by 111.6% during the 1st quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider's stock valued at $333,689,000 after purchasing an additional 2,987,318 shares in the last quarter. ATLAS Infrastructure Partners UK Ltd. raised its position in Edison International by 197.2% during the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,395,732 shares of the utilities provider's stock valued at $258,997,000 after purchasing an additional 2,916,645 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Edison International by 38.3% during 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 purchasing an additional 1,289,062 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Edison International by 42.7% in the first quarter. Ameriprise Financial Inc. now owns 3,988,091 shares of the utilities provider's stock valued at $234,978,000 after acquiring an additional 1,194,296 shares in the last quarter. Institutional investors own 88.95% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on EIX shares. Morgan Stanley decreased their price objective 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 reduced their price target on shares of Edison International from $68.00 to $66.00 and set a "buy" rating for the company in a report on Thursday, September 11th. JPMorgan Chase & Co. boosted their price target on shares of Edison International from $67.00 to $68.00 and gave the company a "neutral" rating in a report on Thursday, September 25th. Jefferies Financial Group downgraded shares of Edison International from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $70.00 to $57.00 in a research note on Thursday, October 2nd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Edison International in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Edison International currently has a consensus rating of "Hold" and an average price target of $64.61.

Edison International Price Performance

NYSE EIX opened at $56.05 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. The stock's fifty day moving average price is $55.07 and its 200 day moving average price is $54.41. Edison International has a 1 year low of $47.73 and a 1 year high of $88.64. The company has a market cap of $21.57 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 0.92 and a beta of 0.80.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.52 billion. Edison International had a net margin of 16.00% and a return on equity of 11.99%. Edison International's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 EPS. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, equities research analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be given a dividend of $0.8275 per share. The ex-dividend date is Tuesday, October 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.9%. Edison International's dividend payout ratio (DPR) is 48.60%.

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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