32,563 Shares in Edison International $EIX Bought by Stance Capital LLC

Stance Capital LLC bought a new stake in Edison International (NYSE:EIX) during the second quarter, Holdings Channel reports. The institutional investor bought 32,563 shares of the utilities provider’s stock, valued at approximately $1,680,000.

Several other large investors have also made changes to their positions in the company. Norges Bank bought a new position in Edison International during the second quarter valued at approximately $268,801,000. AQR Capital Management LLC boosted its holdings in Edison International by 83.5% in the second quarter. AQR Capital Management LLC now owns 9,962,902 shares of the utilities provider’s stock worth $510,649,000 after purchasing an additional 4,534,864 shares in the last quarter. ATLAS Infrastructure Partners UK Ltd. raised its holdings in Edison International by 197.2% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,395,732 shares of the utilities provider’s stock valued at $258,997,000 after buying an additional 2,916,645 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Edison International by 4.9% in the second quarter. Vanguard Group Inc. now owns 51,470,117 shares of the utilities provider’s stock worth $2,655,858,000 after buying an additional 2,386,562 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in Edison International by 237.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,904,568 shares of the utilities provider’s stock worth $98,276,000 after purchasing an additional 1,339,806 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Insider Buying and Selling

In other news, Director Peter J. Taylor sold 1,800 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $55.27, for a total value of $99,486.00. Following the transaction, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.

Edison International Price Performance

Shares of NYSE EIX opened at $58.30 on Friday. The stock has a market capitalization of $22.43 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.87 and a beta of 0.83. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.82 and a quick ratio of 0.76. The business has a 50-day moving average of $56.95 and a 200-day moving average of $54.66. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $82.48.

Edison International (NYSE:EIX) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.18. The company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.31 billion. Edison International had a net margin of 17.24% and a return on equity of 13.62%. Edison International’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 EPS. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. As a group, sell-side analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Wednesday, January 7th will be issued a dividend of $0.8775 per share. The ex-dividend date of this dividend is Wednesday, January 7th. This represents a $3.51 annualized dividend and a yield of 6.0%. This is a positive change from Edison International’s previous quarterly dividend of $0.83. Edison International’s payout ratio is 43.27%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a research report on Monday, December 8th. Jefferies Financial Group lifted their price objective on Edison International from $57.00 to $59.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Zacks Research upgraded shares of Edison International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. TD Cowen initiated coverage on Edison International in a report on Thursday, October 16th. They issued a “buy” rating and a $71.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their target price on shares of Edison International from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $64.20.

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.