Universal Beteiligungs und Servicegesellschaft mbH Grows Position in Edison International $EIX

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Edison International (NYSE:EIX) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 540,880 shares of the utilities provider’s stock after buying an additional 20,250 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.14% of Edison International worth $27,909,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Edison International by 1.0% during the first quarter. Vanguard Group Inc. now owns 49,083,555 shares of the utilities provider’s stock valued at $2,892,003,000 after purchasing an additional 493,778 shares during the last quarter. Geode Capital Management LLC raised its stake in Edison International by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 12,136,256 shares of the utilities provider’s stock valued at $638,576,000 after buying an additional 407,039 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Edison International by 19.8% during the 1st quarter. Invesco Ltd. now owns 5,770,535 shares of the utilities provider’s stock valued at $340,000,000 after buying an additional 953,897 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Edison International by 111.6% in the 1st quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider’s stock worth $333,689,000 after buying an additional 2,987,318 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Edison International by 11.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,593,002 shares of the utilities provider’s stock worth $288,599,000 after acquiring an additional 562,991 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wells Fargo & Company raised Edison International to a “hold” rating in a research report on Tuesday, October 28th. LADENBURG THALM/SH SH boosted their target price on shares of Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Morgan Stanley lifted their price target on shares of Edison International from $60.00 to $66.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 22nd. TD Cowen initiated coverage on Edison International in a research note on Thursday, October 16th. They issued a “buy” rating and a $71.00 price objective for the company. Finally, Zacks Research upgraded Edison International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edison International presently has a consensus rating of “Hold” and a consensus price target of $64.30.

Edison International Price Performance

NYSE:EIX opened at $57.73 on Tuesday. The business’s 50-day moving average is $55.93 and its 200 day moving average is $54.45. Edison International has a 12 month low of $47.73 and a 12 month high of $88.64. The company has a market capitalization of $22.21 billion, a P/E ratio of 7.55, a P/E/G ratio of 0.83 and a beta of 0.85. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.18. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.31 billion. Edison International had a return on equity of 13.62% and a net margin of 17.24%.The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. On average, equities research analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

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

Insider Buying and Selling at Edison International

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

About Edison International

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.