LifeWealth Investments LLC Has $524,000 Position in Edison International $EIX

LifeWealth Investments LLC boosted its stake in shares of Edison International (NYSE:EIX) by 62.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,149 shares of the utilities provider’s stock after buying an additional 3,890 shares during the quarter. LifeWealth Investments LLC’s holdings in Edison International were worth $524,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EIX. Barnes Dennig Private Wealth Management LLC acquired a new position in Edison International during the 1st quarter worth about $25,000. Investment Management Corp VA ADV lifted its stake in shares of Edison International by 159.6% in the 1st quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 265 shares during the period. Kentucky Trust Co lifted its stake in shares of Edison International by 66.7% in the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 200 shares during the period. American National Bank & Trust acquired a new position in shares of Edison International in the 2nd quarter valued at about $32,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Edison International in the 1st quarter valued at about $35,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EIX. Cowen began coverage on Edison International in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. lifted their target price on Edison International from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. TD Cowen assumed coverage on shares of Edison International in a research note on Thursday, October 16th. They set a “buy” rating and a $71.00 price objective for the company. Morgan Stanley boosted 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. Finally, UBS Group lowered their price objective on shares of Edison International from $68.00 to $66.00 and set a “buy” rating on the stock in a research report 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 MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $66.45.

Edison International Stock Performance

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

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

Edison International Announces Dividend

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

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.