Probity Advisors Inc. Purchases New Shares in Edison International $EIX

Probity Advisors Inc. purchased a new stake in shares of Edison International (NYSE:EIX) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,644 shares of the utilities provider’s stock, valued at approximately $446,000.

Other large investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its position in Edison International by 98.7% in the first quarter. Oppenheimer & Co. Inc. now owns 10,982 shares of the utilities provider’s stock worth $647,000 after acquiring an additional 5,454 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Edison International by 135.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 123,851 shares of the utilities provider’s stock valued at $7,297,000 after acquiring an additional 71,159 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Edison International by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,562,128 shares of the utilities provider’s stock worth $150,961,000 after purchasing an additional 145,358 shares during the last quarter. Blackhawk Capital Partners LLC. purchased a new stake in shares of Edison International during the 1st quarter worth approximately $399,000. Finally, Trilogy Capital Inc. raised its holdings in shares of Edison International by 24.9% in the 1st quarter. Trilogy Capital Inc. now owns 46,435 shares of the utilities provider’s stock worth $2,736,000 after purchasing an additional 9,257 shares during the period. 88.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EIX has been the subject of several research reports. Morgan Stanley reduced their price objective on Edison International from $61.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, September 25th. Barclays upped their price target on Edison International from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Tuesday. UBS Group cut their price target on Edison International from $68.00 to $66.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Cowen began coverage on Edison International in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Finally, TD Cowen started coverage on shares of Edison International in a report on Thursday, October 16th. They set a “buy” rating and a $71.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Edison International presently has an average rating of “Hold” and an average price target of $65.65.

Edison International Price Performance

Shares of NYSE EIX opened at $58.37 on Wednesday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $88.64. The stock has a market cap of $22.46 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 0.98 and a beta of 0.80. The stock has a fifty day moving average of $55.30 and a 200-day moving average of $54.38.

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

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be given a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Tuesday, October 7th. Edison International’s dividend payout ratio (DPR) is 48.60%.

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.