Wealth Enhancement Advisory Services LLC Has $6.98 Million Position in Edison International $EIX

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Edison International (NYSE:EIX) by 7.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,866 shares of the utilities provider’s stock after buying an additional 9,015 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Edison International were worth $6,982,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EIX. Two Sigma Advisers LP bought a new stake in Edison International in the fourth quarter valued at $351,000. Vident Advisory LLC increased its stake in shares of Edison International by 9.0% in the 4th quarter. Vident Advisory LLC now owns 5,829 shares of the utilities provider’s stock valued at $465,000 after acquiring an additional 482 shares during the last quarter. Vise Technologies Inc. boosted its position in Edison International by 29.3% during the 4th quarter. Vise Technologies Inc. now owns 5,733 shares of the utilities provider’s stock worth $458,000 after acquiring an additional 1,300 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Edison International by 16.3% during the 4th quarter. Toronto Dominion Bank now owns 210,362 shares of the utilities provider’s stock valued at $16,795,000 after purchasing an additional 29,446 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in Edison International during the 4th quarter valued at $56,000. 88.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EIX has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on Edison International from $55.00 to $61.00 and gave the stock an “underweight” rating in a research report on Thursday, September 18th. Barclays increased their price target on Edison International from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. UBS Group lowered their target price on Edison International from $68.00 to $66.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Finally, Wolfe Research lowered Edison International from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 9th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $72.15.

Edison International Stock Performance

NYSE:EIX opened at $55.28 on Wednesday. The business’s 50-day moving average price is $54.42 and its two-hundred day moving average price is $54.73. Edison International has a twelve month low of $47.73 and a twelve month high of $88.64. The stock has a market cap of $21.27 billion, a P/E ratio of 8.12, a PEG ratio of 1.27 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. The company had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.52 billion. Edison International had a return on equity of 11.99% and a net margin of 16.00%.Edison International’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $1.23 EPS. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, equities analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be given 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 is Tuesday, October 7th. Edison International’s dividend payout ratio (DPR) is currently 48.60%.

Edison International 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.