LifeWealth Investments LLC Grows Stock Holdings in Edison International $EIX

LifeWealth Investments LLC raised its position in Edison International (NYSE:EIX) by 62.2% during the second quarter, Holdings Channel.com reports. The fund owned 10,149 shares of the utilities provider’s stock after purchasing an additional 3,890 shares during the quarter. LifeWealth Investments LLC’s holdings in Edison International were worth $524,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC increased its position 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 valued at $319,169,000 after buying an additional 3,559,602 shares during the period. JPMorgan Chase & Co. increased its position in shares of Edison International by 111.6% during the first quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider’s stock valued at $333,689,000 after buying an additional 2,987,318 shares during the period. ATLAS Infrastructure Partners UK Ltd. increased its position in shares of Edison International by 197.2% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,395,732 shares of the utilities provider’s stock valued at $258,997,000 after buying an additional 2,916,645 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Edison International by 38.3% during the first quarter. Canada Pension Plan Investment Board now owns 4,658,597 shares of the utilities provider’s stock valued at $274,485,000 after buying an additional 1,289,062 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Edison International by 42.7% during the first quarter. Ameriprise Financial Inc. now owns 3,988,091 shares of the utilities provider’s stock valued at $234,978,000 after buying an additional 1,194,296 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EIX. Jefferies Financial Group boosted their price target on shares of Edison International from $57.00 to $59.00 and gave the company a “hold” rating in a research report on Wednesday. UBS Group reduced their price target on shares of Edison International from $68.00 to $66.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on shares of Edison International from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, September 25th. Finally, Barclays upped their price objective on shares of Edison International from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Tuesday. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Edison International presently has a consensus rating of “Hold” and a consensus target price of $66.45.

Edison International Trading Down 0.5%

Shares of NYSE EIX opened at $58.08 on Thursday. The firm’s 50 day moving average price is $55.33 and its 200-day moving average price is $54.41. The company has a market cap of $22.35 billion, a PE ratio of 8.53, a P/E/G ratio of 0.88 and a beta of 0.80. Edison International has a 52-week low of $47.73 and a 52-week high of $88.64. 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 issued its earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.09. The firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.52 billion. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. On average, equities research analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 7th will be paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Tuesday, October 7th. Edison International’s dividend payout ratio is currently 48.60%.

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.