Edison International $EIX Stake Cut by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR trimmed its stake in Edison International (NYSE:EIX) by 41.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 31,305 shares of the utilities provider’s stock after selling 22,168 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Edison International were worth $1,615,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EIX. AQR Capital Management LLC lifted its stake in Edison International by 190.5% in 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 last quarter. JPMorgan Chase & Co. lifted its stake in Edison International by 111.6% in 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 last quarter. ATLAS Infrastructure Partners UK Ltd. lifted its stake in Edison International by 197.2% in 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 last quarter. Canada Pension Plan Investment Board lifted its stake in Edison International by 38.3% in 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 last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Edison International by 42.7% in 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 last quarter. 88.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a research note on Wednesday, October 8th. TD Cowen assumed coverage on shares of Edison International in a research note on Thursday. They set a “buy” rating and a $71.00 price objective 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 note on Monday, August 4th. Morgan Stanley cut their price objective on shares of Edison International from $61.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, September 25th. 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 note on Thursday, September 25th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Edison International has a consensus rating of “Hold” and an average target price of $65.25.

Edison International Price Performance

NYSE:EIX opened at $56.75 on Friday. The business’s 50-day moving average price is $55.20 and its 200 day moving average price is $54.40. The firm has a market cap of $21.84 billion, a P/E ratio of 8.33, a PEG ratio of 0.97 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 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 issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. The firm had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.52 billion. Edison International had a return on equity of 11.99% and a net margin of 16.00%.Edison International’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $1.23 EPS. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, sell-side analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 7th will be paid a $0.8275 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.8%. Edison International’s dividend payout ratio (DPR) is currently 48.60%.

Edison International 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.