Frank Rimerman Advisors LLC Has $888,000 Stock Position in Edison International $EIX

Frank Rimerman Advisors LLC trimmed its stake in Edison International (NYSE:EIX) by 7.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,205 shares of the utilities provider’s stock after selling 1,341 shares during the period. Frank Rimerman Advisors LLC’s holdings in Edison International were worth $888,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of EIX. Charles Schwab Investment Management Inc. increased its stake in shares of Edison International by 6.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,562,128 shares of the utilities provider’s stock valued at $150,961,000 after buying an additional 145,358 shares in the last quarter. Trilogy Capital Inc. lifted its position in Edison International by 24.9% during the 1st quarter. Trilogy Capital Inc. now owns 46,435 shares of the utilities provider’s stock worth $2,736,000 after buying an additional 9,257 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in Edison International by 64.6% during the first quarter. Ontario Teachers Pension Plan Board now owns 85,883 shares of the utilities provider’s stock valued at $5,060,000 after purchasing an additional 33,718 shares during the last quarter. SYM FINANCIAL Corp bought a new position in shares of Edison International in the first quarter valued at $351,000. Finally, Maryland State Retirement & Pension System grew its position in shares of Edison International by 5.3% in the 2nd quarter. Maryland State Retirement & Pension System now owns 364,525 shares of the utilities provider’s stock valued at $18,809,000 after acquiring an additional 18,412 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Trading Up 1.2%

NYSE:EIX opened at $58.46 on Wednesday. The firm’s fifty day moving average is $56.00 and its 200-day moving average is $54.48. 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 1.95, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a market cap of $22.50 billion, a P/E ratio of 7.64, a P/E/G ratio of 0.83 and a beta of 0.85.

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

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 7th were paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Tuesday, October 7th. Edison International’s payout ratio is 43.27%.

Insider Buying and Selling

In related news, Director Peter J. Taylor sold 1,800 shares of the company’s stock in a transaction that occurred 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 directly owned 35,212 shares of the company’s stock, valued at approximately $1,946,167.24. This represents a 4.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

EIX has been the topic of several research analyst reports. LADENBURG THALM/SH SH increased their price objective on shares of Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Zacks Research upgraded Edison International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. JPMorgan Chase & Co. raised their price objective on Edison International from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a research report on Monday. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $64.30.

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.