Natixis Cuts Position in Edison International $EIX

Natixis reduced its stake in shares of Edison International (NYSE:EIX) by 58.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,336 shares of the utilities provider’s stock after selling 68,864 shares during the period. Natixis’ holdings in Edison International were worth $2,546,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Maryland State Retirement & Pension System boosted its stake in shares of Edison International by 5.3% during the 2nd quarter. Maryland State Retirement & Pension System now owns 364,525 shares of the utilities provider’s stock worth $18,809,000 after acquiring an additional 18,412 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Edison International by 7.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 132,866 shares of the utilities provider’s stock valued at $6,982,000 after purchasing an additional 9,015 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in Edison International during the second quarter worth $456,000. Voya Investment Management LLC boosted its position in Edison International by 9.8% during the first quarter. Voya Investment Management LLC now owns 351,524 shares of the utilities provider’s stock worth $20,712,000 after purchasing an additional 31,488 shares in the last quarter. Finally, Moody National Bank Trust Division grew its holdings in Edison International by 107.2% in the second quarter. Moody National Bank Trust Division now owns 23,573 shares of the utilities provider’s stock valued at $1,216,000 after purchasing an additional 12,195 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

Edison International stock opened at $57.52 on Thursday. The stock has a market capitalization of $22.13 billion, a P/E ratio of 7.52, a P/E/G ratio of 0.85 and a beta of 0.83. Edison International has a 12-month low of $47.73 and a 12-month high of $83.05. 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 firm’s 50-day moving average is $56.82 and its two-hundred day moving average is $54.65.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.18. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter in the prior year, the firm posted $1.51 earnings per share. The company’s quarterly 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. Equities analysts predict 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. Stockholders of record on Tuesday, October 7th were issued a dividend of $0.8275 per share. The ex-dividend date was Tuesday, October 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.8%. Edison International’s dividend payout ratio (DPR) is 43.27%.

Insider Activity at Edison International

In related news, Director Peter J. Taylor sold 1,800 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $55.27, for a total value of $99,486.00. Following the completion of the transaction, the director directly owned 35,212 shares in the company, valued at approximately $1,946,167.24. This represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on EIX. Morgan Stanley set a $64.00 price target on Edison International in a research note on Thursday, November 20th. LADENBURG THALM/SH SH raised their target price on shares of Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a report on Monday. TD Cowen initiated coverage on shares of Edison International in a research report on Thursday, October 16th. They issued a “buy” rating and a $71.00 price target on the stock. Finally, Cowen initiated coverage on Edison International in a research report on Wednesday, October 15th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Edison International currently has an average rating of “Hold” and an average target price of $64.50.

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.