Edison International $EIX Shares Purchased by Parcion Private Wealth LLC

Parcion Private Wealth LLC increased its holdings in shares of Edison International (NYSE:EIX) by 25.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,777 shares of the utilities provider’s stock after purchasing an additional 1,354 shares during the period. Parcion Private Wealth LLC’s holdings in Edison International were worth $350,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Brookstone Capital Management boosted its stake in Edison International by 1.7% during the 2nd quarter. Brookstone Capital Management now owns 218,523 shares of the utilities provider’s stock worth $11,276,000 after purchasing an additional 3,574 shares during the period. D.A. Davidson & CO. boosted its stake in Edison International by 13.1% during the 2nd quarter. D.A. Davidson & CO. now owns 38,955 shares of the utilities provider’s stock worth $2,010,000 after purchasing an additional 4,522 shares during the period. Cullen Frost Bankers Inc. boosted its stake in Edison International by 71.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,886 shares of the utilities provider’s stock worth $97,000 after purchasing an additional 785 shares during the period. Probity Advisors Inc. acquired a new stake in Edison International during the 2nd quarter worth $446,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in Edison International by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 73,809 shares of the utilities provider’s stock worth $3,818,000 after purchasing an additional 213 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of EIX opened at $58.08 on Thursday. The company has a 50-day simple moving average of $55.33 and a 200-day simple moving average of $54.41. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $22.35 billion, a PE ratio of 8.53, a P/E/G ratio of 0.88 and a beta of 0.80. Edison International has a 52-week low of $47.73 and a 52-week high of $88.64.

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

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 7th will be issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 5.7%. The ex-dividend date is Tuesday, October 7th. Edison International’s dividend payout ratio (DPR) is 48.60%.

Wall Street Analyst Weigh In

Several research firms have recently commented on EIX. TD Cowen began coverage on shares of Edison International in a research note on Thursday, October 16th. They issued a “buy” rating and a $71.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Edison International from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a research note on Wednesday, October 8th. Cowen began coverage on shares of Edison International in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. Finally, 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. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $66.45.

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.