Twin City Private Wealth LLC Lowers Position in Edison International $EIX

Twin City Private Wealth LLC cut its stake in Edison International (NYSE:EIX) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,699 shares of the utilities provider’s stock after selling 1,017 shares during the quarter. Twin City Private Wealth LLC’s holdings in Edison International were worth $1,120,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Investment Management Corp VA ADV raised its stake in shares of Edison International by 159.6% in 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 shares of Edison International by 66.7% during the second quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. American National Bank & Trust purchased a new stake in shares of Edison International during the second quarter valued at approximately $32,000. Zions Bancorporation National Association UT purchased a new stake in shares of Edison International during the first quarter valued at approximately $35,000. Finally, Hilltop National Bank purchased a new stake in shares of Edison International during the second quarter valued at approximately $44,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Edison International

In other news, Director Peter J. Taylor sold 1,800 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $55.27, for a total value of $99,486.00. Following the completion of the transaction, the director directly owned 35,212 shares of the company’s stock, valued at $1,946,167.24. This trade 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 is available at the SEC website. 1.20% of the stock is owned by insiders.

Edison International Stock Performance

NYSE:EIX opened at $55.40 on Friday. 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 business has a fifty day simple moving average of $55.44 and a two-hundred day simple moving average of $54.47. Edison International has a 1 year low of $47.73 and a 1 year high of $88.64. The company has a market capitalization of $21.32 billion, a P/E ratio of 7.24, a P/E/G ratio of 0.83 and a beta of 0.80.

Edison International (NYSE:EIX) last released its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.18. Edison International had a return on equity of 13.62% and a net margin of 17.24%.The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same period last 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th were issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Tuesday, October 7th. Edison International’s dividend payout ratio (DPR) is presently 43.27%.

Analysts Set New Price Targets

A number of brokerages recently commented on EIX. TD Cowen began coverage on Edison International in a research report on Thursday, October 16th. They set a “buy” rating and a $71.00 price target for the company. Jefferies Financial Group increased their price target on Edison International from $57.00 to $59.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Zacks Research raised Edison International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Wall Street Zen raised Edison International from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, LADENBURG THALM/SH SH increased their price target on Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Edison International has a consensus 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.