36,741 Shares in Edison International $EIX Bought by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Edison International (NYSE:EIX) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 36,741 shares of the utilities provider’s stock, valued at approximately $2,045,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. grew its holdings in Edison International by 4,633.3% during the first quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 417 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in Edison International during the first quarter worth $25,000. Investment Management Corp VA ADV grew its holdings in Edison International by 159.6% during the first quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 265 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Edison International in the first quarter valued at $35,000. Finally, Versant Capital Management Inc grew its holdings in Edison International by 96.7% in the first quarter. Versant Capital Management Inc now owns 881 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 433 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

NYSE EIX opened at $56.27 on Friday. The business’s 50-day moving average price is $53.79 and its 200 day moving average price is $54.69. Edison International has a twelve month low of $47.73 and a twelve month high of $88.64. The company has a market capitalization of $21.65 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 1.32 and a beta of 0.80. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 2.03.

Edison International (NYSE:EIX) last released its 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 firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.52 billion. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. On average, research analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 7th were paid a $0.8275 dividend. The ex-dividend date was Monday, July 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%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley reissued an “overweight” rating on shares of Edison International in a report on Thursday, August 21st. Wolfe Research lowered Edison International from an “outperform” rating to a “peer perform” rating in a report on Monday, June 9th. Barclays upped their target price on Edison International from $64.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, August 4th. UBS Group lowered 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. Finally, JPMorgan Chase & Co. decreased their price objective on Edison International from $75.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday, May 19th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.15.

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.