Edison International $EIX Stock Holdings Lessened by Signaturefd LLC

Signaturefd LLC trimmed its stake in Edison International (NYSE:EIX) by 31.4% in the second quarter, Holdings Channel.com reports. The firm owned 4,607 shares of the utilities provider’s stock after selling 2,108 shares during the quarter. Signaturefd LLC’s holdings in Edison International were worth $238,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Edison International by 1.0% in the first quarter. Vanguard Group Inc. now owns 49,083,555 shares of the utilities provider’s stock worth $2,892,003,000 after purchasing an additional 493,778 shares in the last quarter. Invesco Ltd. lifted its stake in Edison International by 19.8% in the first quarter. Invesco Ltd. now owns 5,770,535 shares of the utilities provider’s stock valued at $340,000,000 after acquiring an additional 953,897 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Edison International by 111.6% in the first quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider’s stock valued at $333,689,000 after acquiring an additional 2,987,318 shares during the last quarter. AQR Capital Management LLC lifted its stake in Edison International by 190.5% in the first quarter. AQR Capital Management LLC now owns 5,428,038 shares of the utilities provider’s stock valued at $319,169,000 after acquiring an additional 3,559,602 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Edison International by 38.3% in the first quarter. Canada Pension Plan Investment Board now owns 4,658,597 shares of the utilities provider’s stock valued at $274,485,000 after acquiring an additional 1,289,062 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EIX has been the subject of a number of analyst reports. UBS Group reduced their target price 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. Barclays lifted their target price on shares of Edison International from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Jefferies Financial Group cut shares of Edison International from a “buy” rating to a “hold” rating and reduced their target price for the company from $70.00 to $57.00 in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Edison International from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Finally, Morgan Stanley reduced their target price on shares of Edison International from $61.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, September 25th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $68.15.

Edison International Trading Down 3.3%

Shares of EIX stock opened at $54.42 on Friday. Edison International has a 1 year low of $47.73 and a 1 year high of $88.64. The firm’s fifty day simple moving average is $54.93 and its 200 day simple moving average is $54.67. The firm has a market capitalization of $20.94 billion, a P/E ratio of 7.99, a price-to-earnings-growth ratio of 1.32 and a beta of 0.80. 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 (NYSE:EIX) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. Edison International’s revenue was up 4.8% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, sell-side analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 7th will be given a dividend of $0.8275 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $3.31 dividend on an annualized basis and a yield of 6.1%. Edison International’s payout ratio is 48.60%.

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.