ASR Vermogensbeheer N.V. Boosts Holdings in Edison International $EIX

ASR Vermogensbeheer N.V. raised its holdings in Edison International (NYSE:EIX) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,767 shares of the utilities provider’s stock after purchasing an additional 1,252 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Edison International were worth $8,501,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of EIX. Two Sigma Advisers LP purchased a new position in shares of Edison International in the fourth quarter worth about $351,000. Versant Capital Management Inc increased its stake in shares of 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 purchasing an additional 433 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 141,769 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Edison International in the first quarter worth about $53,000. Finally, Merit Financial Group LLC purchased a new position in shares of Edison International in the first quarter worth about $1,842,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

EIX has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Edison International from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. Wolfe Research cut shares of Edison International from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 9th. Barclays boosted their price objective on shares of Edison International from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. UBS Group reduced their price objective on shares of Edison International from $68.00 to $66.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Finally, Morgan Stanley reduced their price objective on shares of Edison International from $61.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, September 25th. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $68.15.

Edison International Trading Down 3.3%

Shares of Edison International stock opened at $54.42 on Friday. Edison International has a 1 year low of $47.73 and a 1 year high of $88.64. The firm has a market cap of $20.94 billion, a PE ratio of 7.99, a PEG ratio of 1.32 and a beta of 0.80. 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 company has a 50 day simple moving average of $54.93 and a two-hundred day simple moving average of $54.67.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period in the previous year, the business posted $1.23 earnings per share. Edison International’s revenue for the quarter was up 4.8% on a year-over-year basis. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 annualized dividend and a yield of 6.1%. Edison International’s payout ratio is presently 48.60%.

Edison International Company 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.