Drucker Wealth 3.0 LLC Decreases Stock Position in Edison International $EIX

Drucker Wealth 3.0 LLC cut its position in Edison International (NYSE:EIX) by 46.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,476 shares of the utilities provider’s stock after selling 17,426 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Edison International were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EIX. Aberdeen Group plc boosted its position in Edison International by 14.9% in the 2nd quarter. Aberdeen Group plc now owns 613,481 shares of the utilities provider’s stock valued at $31,656,000 after buying an additional 79,467 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Edison International by 148.5% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 15,814 shares of the utilities provider’s stock valued at $817,000 after buying an additional 9,449 shares during the last quarter. Callan Family Office LLC purchased a new position in Edison International in the 2nd quarter valued at about $243,000. Vontobel Holding Ltd. boosted its holdings in Edison International by 6.8% in the second quarter. Vontobel Holding Ltd. now owns 4,889 shares of the utilities provider’s stock valued at $252,000 after purchasing an additional 310 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its holdings in Edison International by 5.3% in the second quarter. Maryland State Retirement & Pension System now owns 364,525 shares of the utilities provider’s stock valued at $18,809,000 after purchasing an additional 18,412 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

A number of research analysts recently commented on EIX shares. UBS Group reduced their price target on Edison International from $68.00 to $66.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Morgan Stanley reduced their target price 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. JPMorgan Chase & Co. increased their target price on Edison International from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a research note on Wednesday. Finally, Jefferies Financial Group downgraded shares of Edison International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $70.00 to $57.00 in a research note on Thursday, October 2nd. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $64.61.

Edison International Stock Performance

Shares of EIX opened at $52.17 on Friday. The business’s fifty day moving average price is $55.08 and its 200 day moving average price is $54.47. 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 $20.07 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 1.25 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.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.09. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The firm had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period last year, the business posted $1.23 earnings per share. The firm’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. Equities research analysts forecast that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 7th will be issued a $0.8275 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $3.31 annualized dividend and a dividend yield of 6.3%. Edison International’s dividend payout ratio (DPR) 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.