Vanguard Personalized Indexing Management LLC Increases Holdings in Edison International $EIX

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Edison International by 11.7% during the second quarter, bringing its ownership to 47,894 shares worth approximately $2.47 million.
• Several institutional investors, including Vanguard Group Inc. and JPMorgan Chase & Co., significantly boosted their stake in Edison International, with hedge funds owning 88.95% of the stock.
• Analysts are mixed on Edison International, with a consensus target price of $64.61, while six analysts rate it as a buy and one as a sell.

Vanguard Personalized Indexing Management LLC lifted its position in Edison International (NYSE:EIX - Free Report) by 11.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,894 shares of the utilities provider's stock after purchasing an additional 5,025 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Edison International were worth $2,471,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Edison International by 1.0% in the first quarter. Vanguard Group Inc. now owns 49,083,555 shares of the utilities provider's stock worth $2,892,003,000 after purchasing an additional 493,778 shares during the last quarter. Invesco Ltd. raised its stake in shares of Edison International by 19.8% in the first quarter. Invesco Ltd. now owns 5,770,535 shares of the utilities provider's stock worth $340,000,000 after purchasing an additional 953,897 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Edison International by 111.6% in the first quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider's stock worth $333,689,000 after purchasing an additional 2,987,318 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Edison International by 190.5% in the first quarter. AQR Capital Management LLC now owns 5,428,038 shares of the utilities provider's stock worth $319,169,000 after purchasing an additional 3,559,602 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Edison International by 38.3% in the first quarter. Canada Pension Plan Investment Board now owns 4,658,597 shares of the utilities provider's stock worth $274,485,000 after purchasing an additional 1,289,062 shares during the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EIX. Morgan Stanley reduced their price objective on Edison International from $61.00 to $60.00 and set an "underweight" rating for the company in a research note on Thursday, September 25th. UBS Group dropped their target price on Edison International from $68.00 to $66.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. Cowen assumed coverage on Edison International in a report on Wednesday. They set a "buy" rating on the stock. Jefferies Financial Group lowered Edison International from a "buy" rating to a "hold" rating and dropped their target price for the stock from $70.00 to $57.00 in a report on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Edison International in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $64.61.

Edison International Stock Up 1.1%

Edison International stock opened at $56.69 on Thursday. The stock has a market capitalization of $21.81 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 0.96 and a beta of 0.80. Edison International has a 12 month low of $47.73 and a 12 month high of $88.64. The business has a 50 day simple moving average of $55.11 and a 200-day simple moving average of $54.43. 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 posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.09. The business had revenue of $4.54 billion during the quarter, compared to analysts' expectations 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 was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be given a $0.8275 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.8%. Edison International's payout ratio 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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