Peter Taylor Sells 1,800 Shares of Edison International (NYSE:EIX) Stock

Edison International (NYSE:EIX) Director Peter Taylor sold 1,800 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $55.27, for a total transaction of $99,486.00. Following the transaction, the director owned 35,212 shares in the company, valued at approximately $1,946,167.24. This trade represents a 4.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Edison International Stock Down 0.4%

EIX stock opened at $55.40 on Friday. The firm has a market cap of $21.32 billion, a PE ratio of 7.24, a PEG ratio of 0.83 and a beta of 0.80. Edison International has a 1 year low of $47.73 and a 1 year high of $88.64. The company has a fifty day simple moving average of $55.44 and a 200 day simple moving average of $54.45. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 EPS for the quarter, topping the consensus estimate of $2.16 by $0.18. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same period in the prior year, the business posted $1.51 earnings per share. The business’s quarterly revenue was up 10.6% on a year-over-year basis. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. Sell-side analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 7th were paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Tuesday, October 7th. Edison International’s dividend payout ratio (DPR) is presently 43.27%.

Analysts Set New Price Targets

EIX has been the topic of a number of recent analyst reports. Morgan Stanley raised their price objective on Edison International from $60.00 to $66.00 and gave the company an “underweight” rating in a research note on Wednesday, October 22nd. Barclays cut their price objective on Edison International from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Wednesday. Zacks Research raised Edison International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. LADENBURG THALM/SH SH lifted their target price on shares of Edison International from $52.50 to $55.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, TD Cowen began coverage on shares of Edison International in a report on Thursday, October 16th. They issued a “buy” rating and a $71.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $64.30.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EIX. Charles Schwab Investment Management Inc. grew its position in Edison International by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,562,128 shares of the utilities provider’s stock worth $150,961,000 after purchasing an additional 145,358 shares during the last quarter. Blackhawk Capital Partners LLC. acquired a new stake in Edison International in the 1st quarter worth $399,000. Trilogy Capital Inc. grew its position in Edison International by 24.9% in the 1st quarter. Trilogy Capital Inc. now owns 46,435 shares of the utilities provider’s stock worth $2,736,000 after purchasing an additional 9,257 shares during the last quarter. Edgestream Partners L.P. grew its position in Edison International by 41.4% in the 1st quarter. Edgestream Partners L.P. now owns 141,947 shares of the utilities provider’s stock worth $8,364,000 after purchasing an additional 41,537 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its position in Edison International by 64.6% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 85,883 shares of the utilities provider’s stock worth $5,060,000 after purchasing an additional 33,718 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

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.