TrueMark Investments LLC Purchases Shares of 87,654 Edison International $EIX

TrueMark Investments LLC purchased a new stake in shares of Edison International (NYSE:EIX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 87,654 shares of the utilities provider’s stock, valued at approximately $4,523,000.

Other large investors have also added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC purchased a new position in Edison International during the first quarter valued at approximately $25,000. Investment Management Corp VA ADV lifted its holdings in Edison International by 159.6% during the first 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 in the last quarter. Kentucky Trust Co lifted its holdings in Edison International by 66.7% during the second quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Edison International during the first quarter valued at approximately $35,000. Finally, American National Bank & Trust purchased a new position in Edison International during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Trading Up 0.1%

Shares of EIX opened at $56.75 on Friday. The company’s fifty day moving average is $55.20 and its 200 day moving average is $54.36. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $88.64. The stock has a market capitalization of $21.84 billion, a PE ratio of 8.33, a P/E/G ratio of 0.97 and a beta of 0.80. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87.

Edison International (NYSE:EIX) last announced 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. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The company had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the previous year, the business posted $1.23 earnings per share. Edison International’s quarterly revenue was up 4.8% on a year-over-year basis. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. Sell-side analysts expect that Edison International will post 4.95 earnings per share 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. Investors of record on Tuesday, October 7th will be given a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 5.8%. The ex-dividend date is Tuesday, October 7th. Edison International’s payout ratio is currently 48.60%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EIX shares. Morgan Stanley lowered their price target on shares of Edison International from $61.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, September 25th. Cowen assumed coverage on shares of Edison International in a research report on Wednesday. They set a “buy” rating on the stock. 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. TD Cowen assumed coverage on shares of Edison International in a research report on Thursday. They set a “buy” rating and a $71.00 price objective on the stock. Finally, 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. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $65.25.

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.