Investors Purchase Large Volume of Put Options on Edison International (NYSE:EIX)

Edison International (NYSE:EIX) was the recipient of unusually large options trading activity on Thursday. Investors bought 49,354 put options on the stock. This represents an increase of 838% compared to the typical daily volume of 5,259 put options.

Wall Street Analysts Forecast Growth

EIX has been the subject of several research analyst reports. UBS Group reduced their price target on shares of Edison International from $75.00 to $63.00 and set a “neutral” rating for the company in a report on Tuesday, September 1st. Weiss Ratings lowered shares of Edison International from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, September 10th. Bank of America lowered shares of Edison International from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $81.00 to $51.00 in a research note on Tuesday, September 1st. Jefferies Financial Group reduced their target price on shares of Edison International from $68.00 to $53.00 and set a “hold” rating for the company in a research note on Monday. Finally, Mizuho reiterated a “neutral” rating and set a $70.00 target price (down from $86.00) on shares of Edison International in a report on Monday, August 31st. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Edison International has an average rating of “Reduce” and a consensus price target of $64.45.

Edison International Stock Up 1.3%

NYSE:EIX traded up $0.71 on Thursday, hitting $55.52. 4,261,903 shares of the company’s stock were exchanged, compared to its average volume of 3,462,252. The firm has a 50-day moving average price of $69.57 and a 200-day moving average price of $71.01. Edison International has a 52 week low of $52.00 and a 52 week high of $81.62. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. The company has a market cap of $21.37 billion, a P/E ratio of 5.73, a price-to-earnings-growth ratio of 2.20 and a beta of 0.62.

Edison International (NYSE:EIX) last released its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. Edison International’s quarterly revenue was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, analysts expect that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were given a dividend of $0.8775 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 6.3%. Edison International’s payout ratio is 36.19%.

Institutional Investors Weigh In On Edison International

Several large investors have recently made changes to their positions in EIX. BlackRock Inc. bought a new stake in Edison International during the second quarter worth $3,340,412,000. Geode Capital Management LLC increased its stake in shares of Edison International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock worth $803,407,000 after purchasing an additional 386,905 shares during the last quarter. Norges Bank bought a new stake in shares of Edison International in the 4th quarter valued at about $339,311,000. Goldman Sachs Group Inc. lifted its stake in Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock valued at $329,924,000 after purchasing an additional 1,609,847 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in Edison International in the 2nd quarter valued at about $329,766,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

About Edison International

Edison International (NYSE: EIX) is a holding company focused on electric power generation, transmission and distribution, as well as clean-energy solutions. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that delivers electricity to residential, commercial, industrial and public-sector customers.

SCE operates one of the largest electric utility systems in the United States, serving communities across central, coastal and Southern California.