United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Increases Stock Holdings in Edison International $EIX

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its position in shares of Edison International (NYSE:EIX) by 24.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,100 shares of the utilities provider’s stock after purchasing an additional 3,200 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Edison International were worth $831,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Kentucky Trust Co raised its position in shares of Edison International by 66.7% during the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after buying an additional 200 shares during the period. American National Bank & Trust purchased a new stake in Edison International in the second quarter valued at $32,000. Zions Bancorporation National Association UT acquired a new position in shares of Edison International in the 1st quarter valued at $35,000. Laurel Wealth Advisors LLC grew its holdings in shares of Edison International by 5,064.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 709 shares during the period. Finally, Hilltop National Bank acquired a new stake in shares of Edison International during the 2nd quarter worth about $44,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on EIX. JPMorgan Chase & Co. upped their target price on shares of Edison International from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. UBS Group dropped their target price on Edison International from $68.00 to $66.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Barclays reduced their price target on shares of Edison International from $69.00 to $68.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. LADENBURG THALM/SH SH raised their price objective on shares of Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, Wells Fargo & Company raised shares of Edison International to a “hold” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $64.10.

Insider Activity

In other news, Director Peter J. Taylor sold 1,800 shares of the stock in a transaction dated 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 owned 35,212 shares in the company, valued at approximately $1,946,167.24. This represents a 4.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

Edison International Stock Up 1.2%

EIX stock opened at $59.18 on Thursday. The company’s 50 day moving average price is $56.33 and its 200 day moving average price is $54.61. The firm has a market capitalization of $22.77 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 0.83 and a beta of 0.85. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $88.64. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.81 and a current ratio of 0.82.

Edison International (NYSE:EIX) last issued its quarterly 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. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.31 billion. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.51 earnings per share. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. On average, equities research analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

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

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.