MADDEN SECURITIES Corp Has $2.47 Million Stock Position in Edison International $EIX

MADDEN SECURITIES Corp lessened its stake in Edison International (NYSE:EIX) by 15.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 47,790 shares of the utilities provider’s stock after selling 8,760 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Edison International were worth $2,466,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EIX. Rakuten Securities Inc. grew its stake in shares of Edison International by 4,633.3% during the first quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 417 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in Edison International during the 1st quarter worth $25,000. Investment Management Corp VA ADV boosted its position in Edison International by 159.6% in the 1st quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider’s stock valued at $25,000 after buying an additional 265 shares during the last quarter. Kentucky Trust Co increased its stake in shares of Edison International by 66.7% in the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after buying an additional 200 shares during the period. Finally, American National Bank & Trust bought a new stake in shares of Edison International during the second quarter worth $32,000. 88.95% of the stock is owned by institutional investors.

Edison International Stock Performance

Shares of NYSE:EIX opened at $54.86 on Tuesday. The firm’s 50 day simple moving average is $55.03 and its 200 day simple moving average is $54.56. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $88.64. The company has a market capitalization of $21.11 billion, a price-to-earnings ratio of 8.06, a P/E/G ratio of 1.30 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 issued its earnings results on Thursday, July 31st. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.88 by $0.09. The firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.52 billion. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, sell-side analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 7th will be paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, October 7th. Edison International’s dividend payout ratio (DPR) is presently 48.60%.

Wall Street Analysts Forecast Growth

EIX has been the topic of several recent research reports. UBS Group decreased their price target on Edison International from $68.00 to $66.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Barclays upped their target price on shares of Edison International from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a research report on Saturday, September 27th. JPMorgan Chase & Co. increased their price objective 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. Finally, Wolfe Research lowered shares of Edison International from an “outperform” rating to a “peer perform” rating in a report on Monday, June 9th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $64.61.

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.