Olympiad Research LP Grows Holdings in Edison International $EIX

Olympiad Research LP raised its position in Edison International (NYSE:EIX) by 82.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,172 shares of the utilities provider’s stock after purchasing an additional 3,236 shares during the quarter. Olympiad Research LP’s holdings in Edison International were worth $370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Investment Management Corp VA ADV boosted its holdings in Edison International by 159.6% during the 1st quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 265 shares during the period. Kentucky Trust Co increased its stake in Edison International by 66.7% during the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock worth $26,000 after buying an additional 200 shares during the period. American National Bank & Trust acquired a new stake in Edison International during the 2nd quarter worth approximately $32,000. Zions Bancorporation National Association UT purchased a new position in Edison International in the 1st quarter valued at approximately $35,000. Finally, Hilltop National Bank purchased a new position in Edison International in the 2nd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EIX shares. Jefferies Financial Group upped their price objective on Edison International from $57.00 to $59.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Barclays cut their target price on shares of Edison International from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price target on shares of Edison International from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. UBS Group lowered their price target on shares of Edison International from $68.00 to $66.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Finally, Wells Fargo & Company raised shares of Edison International to a “hold” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $64.30.

Edison International Trading Up 0.5%

EIX opened at $59.07 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.95. Edison International has a 52 week low of $47.73 and a 52 week high of $88.64. The business’s 50 day moving average is $55.76 and its two-hundred day moving average is $54.45. The firm has a market cap of $22.73 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 0.83 and a beta of 0.85.

Edison International (NYSE:EIX) last announced its earnings results 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. 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 analyst estimates of $5.31 billion. During the same period last year, the firm posted $1.51 earnings per share. The company’s revenue for the quarter 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. On average, research analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 7th were paid a dividend of $0.8275 per share. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $3.31 annualized dividend and a yield of 5.6%. Edison International’s dividend payout ratio is currently 43.27%.

Insider Buying and Selling at Edison International

In other Edison International news, Director Peter J. Taylor sold 1,800 shares of Edison International stock in a transaction that occurred 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 transaction, the director directly owned 35,212 shares in the company, valued at approximately $1,946,167.24. This trade represents a 4.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

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.