Asset Planning Inc Has $715,000 Stock Holdings in Edison International $EIX

Asset Planning Inc decreased its stake in Edison International (NYSE:EIX) by 20.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,863 shares of the utilities provider’s stock after selling 3,498 shares during the period. Asset Planning Inc’s holdings in Edison International were worth $715,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of EIX. Rakuten Securities Inc. grew its holdings in shares of Edison International by 4,633.3% in the 1st quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 417 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Edison International in the 1st quarter valued at about $25,000. Investment Management Corp VA ADV grew its holdings 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 acquiring an additional 265 shares in the last quarter. Kentucky Trust Co grew its holdings 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 acquiring an additional 200 shares in the last quarter. Finally, American National Bank & Trust bought a new position in shares of Edison International in the 2nd quarter valued at about $32,000. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of NYSE:EIX opened at $52.17 on Friday. The company’s 50 day moving average price is $55.08 and its two-hundred day moving average price is $54.45. Edison International has a 12-month low of $47.73 and a 12-month high of $88.64. The firm has a market cap of $20.07 billion, a PE ratio of 7.66, a PEG ratio of 1.22 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.

Edison International (NYSE:EIX) last announced its earnings results 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. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the prior year, the business posted $1.23 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Equities research analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 7th will be given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, October 7th. Edison International’s dividend payout ratio is presently 48.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EIX shares. Morgan Stanley decreased their price objective on shares of Edison International from $61.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective 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. Barclays lifted 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. Finally, Jefferies Financial Group downgraded shares of Edison International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $70.00 to $57.00 in a research report on Thursday, October 2nd. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $64.61.

Edison International Company 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.