Brandywine Global Investment Management LLC Raises Stock Holdings in Edison International $EIX

Brandywine Global Investment Management LLC increased its stake in shares of Edison International (NYSE:EIX) by 17.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 944,353 shares of the utilities provider’s stock after purchasing an additional 140,993 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.25% of Edison International worth $48,729,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in EIX. Investment Management Corp VA ADV boosted its stake in shares of Edison International by 159.6% during the 1st 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 lifted its stake 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 buying an additional 200 shares during the period. American National Bank & Trust purchased a new position in shares of Edison International during the second quarter valued at approximately $32,000. Zions Bancorporation National Association UT acquired a new stake in Edison International during the first quarter worth approximately $35,000. Finally, Hilltop National Bank purchased a new stake in Edison International in the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of NYSE:EIX opened at $58.07 on Friday. The firm has a market capitalization of $22.34 billion, a PE ratio of 7.59, a P/E/G ratio of 0.83 and a beta of 0.85. 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 50-day moving average of $56.08 and a two-hundred day moving average of $54.53. Edison International has a 12 month low of $47.73 and a 12 month high of $88.64.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.31 billion. During the same period in the previous year, the company posted $1.51 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. As a group, research analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 7th were paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 5.7%. The ex-dividend date was Tuesday, October 7th. Edison International’s payout ratio is currently 43.27%.

Analyst Ratings Changes

A number of brokerages have weighed in on EIX. Barclays reduced their price target on Edison International from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. JPMorgan Chase & Co. upped their target price on Edison International from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Wells Fargo & Company upgraded Edison International to a “hold” rating in a research report on Tuesday, October 28th. 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 research note on Thursday, September 11th. Finally, Jefferies Financial Group upped their price objective on shares of Edison International from $57.00 to $59.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. One investment 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $64.10.

Insider Activity

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

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.