Edison International $EIX Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in shares of Edison International (NYSE:EIX) by 47.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,609 shares of the utilities provider’s stock after selling 26,467 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Edison International were worth $1,637,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kentucky Trust Co raised 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 worth $26,000 after purchasing an additional 200 shares in the last quarter. American National Bank & Trust purchased a new position in shares of Edison International during the 2nd quarter worth approximately $32,000. Laurel Wealth Advisors LLC lifted its holdings in shares of Edison International by 5,064.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock valued at $37,000 after buying an additional 709 shares during the period. CoreFirst Bank & Trust purchased a new stake in shares of Edison International in the second quarter valued at approximately $38,000. Finally, Hilltop National Bank purchased a new stake in Edison International during the second quarter worth $44,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Edison International

In other Edison International news, Director Peter J. Taylor sold 1,800 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $55.27, for a total transaction of $99,486.00. Following the completion of the transaction, the director directly owned 35,212 shares of the company’s stock, valued at $1,946,167.24. The trade was a 4.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

Edison International Trading Up 1.2%

NYSE EIX opened at $60.73 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 1.95. The company’s fifty day simple moving average is $58.84 and its 200-day simple moving average is $55.97. The stock has a market cap of $23.37 billion, a P/E ratio of 7.94, a PEG ratio of 0.88 and a beta of 0.83. Edison International has a 52 week low of $47.73 and a 52 week high of $63.97.

Edison International (NYSE:EIX) last announced its earnings results 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 analyst estimates of $5.31 billion. Edison International had a return on equity of 13.62% and a net margin of 17.24%.Edison International’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.51 EPS. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. Equities research analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Wednesday, January 7th will be given a $0.8775 dividend. This is a boost from Edison International’s previous quarterly dividend of $0.83. This represents a $3.51 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Wednesday, January 7th. Edison International’s dividend payout ratio is 45.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EIX shares. JPMorgan Chase & Co. decreased their price objective on shares of Edison International from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Barclays dropped their price objective on shares of Edison International from $69.00 to $68.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Jefferies Financial Group raised their price target on shares of Edison International from $57.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company raised shares of Edison International to a “hold” rating in a research report on Tuesday, October 28th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $63.50.

Edison International Profile

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.