Edison International $EIX Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in shares of Edison International (NYSE:EIX) by 187.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 205,766 shares of the utilities provider’s stock after purchasing an additional 134,185 shares during the period. Teacher Retirement System of Texas owned 0.05% of Edison International worth $10,618,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Investment Management Corp VA ADV increased its position 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 purchasing an additional 265 shares during the last quarter. Kentucky Trust Co increased its position in 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 during the last quarter. Zions Bancorporation National Association UT acquired a new position in Edison International during the first quarter worth approximately $35,000. American National Bank & Trust acquired a new position in Edison International during the second quarter worth approximately $32,000. Finally, Hilltop National Bank acquired a new position in Edison International during the second quarter worth approximately $44,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Ratings Changes

EIX has been the subject of several research reports. UBS Group decreased 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. JPMorgan Chase & Co. boosted their price objective 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. Cowen initiated coverage on shares of Edison International in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Jefferies Financial Group boosted their price objective on shares of Edison International from $57.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company upgraded shares of Edison International to a “hold” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $64.45.

Edison International Price Performance

Shares of EIX stock opened at $55.31 on Thursday. The company has a market capitalization of $21.28 billion, a PE ratio of 7.23, a price-to-earnings-growth ratio of 0.84 and a beta of 0.80. The firm has a fifty day simple moving average of $55.41 and a 200-day simple moving average of $54.47. 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 has a twelve month low of $47.73 and a twelve month high of $88.64.

Edison International (NYSE:EIX) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.18. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.31 billion. Edison International had a net margin of 17.24% and a return on equity of 13.80%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 earnings per share. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. Equities research analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be paid a $0.8275 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $3.31 annualized dividend and a dividend yield of 6.0%. Edison International’s dividend payout ratio is 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.