SG Americas Securities LLC Acquires 32,962 Shares of Edison International $EIX

SG Americas Securities LLC lifted its stake in Edison International (NYSE:EIX) by 355.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,246 shares of the utilities provider’s stock after purchasing an additional 32,962 shares during the period. SG Americas Securities LLC’s holdings in Edison International were worth $2,335,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EIX. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in shares of 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 valued at $383,000 after buying an additional 196 shares in the last quarter. Kentucky Trust Co grew 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 worth $26,000 after buying an additional 200 shares during the last quarter. MAI Capital Management grew its stake in shares of Edison International by 20.8% in the 2nd quarter. MAI Capital Management now owns 1,172 shares of the utilities provider’s stock worth $60,000 after buying an additional 202 shares during the last quarter. Empowered Funds LLC increased its position in Edison International by 2.4% during the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after buying an additional 211 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in Edison International by 0.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 73,809 shares of the utilities provider’s stock valued at $3,818,000 after buying an additional 213 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Insider Activity at Edison International

In related news, Director Peter J. Taylor sold 1,800 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 35,212 shares in the company, valued at approximately $1,946,167.24. This represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EIX. Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. TD Cowen assumed coverage on shares of Edison International in a research report on Thursday, October 16th. They set a “buy” rating and a $71.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Edison International from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. Wells Fargo & Company upgraded shares of Edison International to a “hold” rating in a research note on Tuesday, October 28th. Finally, Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edison International has an average rating of “Hold” and a consensus target price of $63.50.

Edison International Price Performance

Shares of NYSE:EIX opened at $60.73 on Wednesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.76 and a current ratio of 0.82. The firm has a market cap of $23.37 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.88 and a beta of 0.83. The business has a 50-day simple moving average of $58.84 and a two-hundred day simple moving average of $55.97. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $63.97.

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

Edison International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Wednesday, January 7th will be paid a $0.8775 dividend. This is an increase from Edison International’s previous quarterly dividend of $0.83. The ex-dividend date is Wednesday, January 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.8%. Edison International’s dividend payout ratio (DPR) is 45.88%.

About Edison International

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.