Firethorn Wealth Partners LLC Has $426,000 Position in Edison International $EIX

Firethorn Wealth Partners LLC raised its holdings in Edison International (NYSE:EIX) by 71.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,251 shares of the utilities provider’s stock after acquiring an additional 3,432 shares during the quarter. Firethorn Wealth Partners LLC’s holdings in Edison International were worth $426,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of Edison International by 190.5% during the first quarter. AQR Capital Management LLC now owns 5,428,038 shares of the utilities provider’s stock worth $319,169,000 after purchasing an additional 3,559,602 shares during the period. JPMorgan Chase & Co. boosted its holdings in Edison International by 111.6% during the first 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. ATLAS Infrastructure Partners UK Ltd. grew its position in shares of Edison International by 197.2% during the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,395,732 shares of the utilities provider’s stock worth $258,997,000 after buying an additional 2,916,645 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Edison International by 38.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,658,597 shares of the utilities provider’s stock worth $274,485,000 after buying an additional 1,289,062 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Edison International by 42.7% in the 1st quarter. Ameriprise Financial Inc. now owns 3,988,091 shares of the utilities provider’s stock valued at $234,978,000 after acquiring an additional 1,194,296 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Price Performance

Shares of NYSE EIX opened at $55.29 on Friday. The company has a fifty day moving average price of $54.98 and a 200 day moving average price of $54.62. The firm has a market cap of $21.28 billion, a PE ratio of 8.12, a PEG ratio of 1.30 and a beta of 0.80. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 2.03. Edison International has a 1-year low of $47.73 and a 1-year high of $88.64.

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

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be issued a $0.8275 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.0%. Edison International’s dividend payout ratio (DPR) is 48.60%.

Analyst Ratings Changes

Several research firms recently weighed in on EIX. JPMorgan Chase & Co. lifted their price objective 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. Jefferies Financial Group cut shares of Edison International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $70.00 to $57.00 in a research report on Thursday. Barclays upped their price objective on shares of Edison International from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Wolfe Research lowered Edison International from an “outperform” rating to a “peer perform” rating in a report on Monday, June 9th. Finally, UBS Group lowered their price target on Edison International from $68.00 to $66.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Edison International presently has an average rating of “Hold” and a consensus target price of $64.61.

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.