Edison International $EIX Shares Purchased by Atria Investments Inc

Atria Investments Inc grew its holdings in shares of Edison International (NYSE:EIX) by 26.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,662 shares of the utilities provider’s stock after buying an additional 4,893 shares during the quarter. Atria Investments Inc’s holdings in Edison International were worth $1,221,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its position in Edison International by 2.7% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 7,422 shares of the utilities provider’s stock worth $383,000 after purchasing an additional 196 shares during the period. Kentucky Trust Co lifted its stake in shares of Edison International by 66.7% during the second quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after buying an additional 211 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Edison International by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 73,809 shares of the utilities provider’s stock worth $3,818,000 after buying an additional 213 shares during the period. Finally, Presima Securities ULC grew its stake in shares of Edison International by 2.5% in the first quarter. Presima Securities ULC now owns 9,174 shares of the utilities provider’s stock valued at $541,000 after buying an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Insider Transactions at Edison International

In other Edison International news, Director Peter J. Taylor sold 1,800 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $55.27, for a total transaction of $99,486.00. Following the transaction, the director owned 35,212 shares of the company’s stock, valued at $1,946,167.24. This trade represents a 4.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by insiders.

Edison International Trading Down 0.4%

EIX opened at $56.55 on Friday. Edison International has a 12-month low of $47.73 and a 12-month high of $88.64. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market capitalization of $21.76 billion, a PE ratio of 7.39, a P/E/G ratio of 0.83 and a beta of 0.85. The firm’s fifty day moving average price is $55.52 and its 200 day moving average price is $54.44.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.18. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.31 billion. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the business earned $1.51 EPS. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. As a group, research analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 7th were issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Tuesday, October 7th. Edison International’s payout ratio is currently 43.27%.

Wall Street Analyst Weigh In

EIX has been the topic of several recent research reports. LADENBURG THALM/SH SH boosted their price target on Edison International from $52.50 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Jefferies Financial Group boosted their target price on shares of Edison International from $57.00 to $59.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. raised 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. Barclays cut their price objective on shares of Edison International from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Finally, Zacks Research upgraded Edison International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $64.30.

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.