Investors Purchase High Volume of Edison International Put Options (NYSE:EIX)

Edison International (NYSE:EIX) saw unusually large options trading on Tuesday. Traders acquired 12,575 put options on the company. This is an increase of 74% compared to the average daily volume of 7,211 put options.

Edison International Stock Performance

NYSE EIX traded down $1.67 during trading hours on Tuesday, hitting $53.97. 3,735,606 shares of the stock were exchanged, compared to its average volume of 3,625,710. The company has a market cap of $20.77 billion, a price-to-earnings ratio of 5.56, a price-to-earnings-growth ratio of 2.23 and a beta of 0.62. Edison International has a 12-month low of $51.10 and a 12-month high of $81.62. The stock has a 50-day moving average of $61.24 and a 200 day moving average of $68.73. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities research analysts forecast that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Wednesday, October 7th will be paid a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Wednesday, October 7th. Edison International’s dividend payout ratio is 36.19%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EIX shares. Truist Financial lowered their target price on Edison International from $63.00 to $62.00 and set a “hold” rating on the stock in a research note on Monday. Mizuho restated a “neutral” rating and set a $70.00 price target (down from $86.00) on shares of Edison International in a research note on Monday, August 31st. Jefferies Financial Group reaffirmed an “underperform” rating and set a $42.00 price target (down from $53.00) on shares of Edison International in a report on Friday, October 2nd. Barclays decreased their price target on Edison International from $75.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Weiss Ratings lowered shares of Edison International from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $60.18.

Institutional Trading of Edison International

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Edison International in the second quarter worth $3,340,412,000. Legal & General Group Plc purchased a new stake in shares of Edison International during the 2nd quarter worth $329,766,000. Bank of New York Mellon Corp purchased a new stake in shares of Edison International during the 2nd quarter worth $309,361,000. Amundi boosted its position in shares of Edison International by 27.0% during the 2nd quarter. Amundi now owns 3,570,726 shares of the utilities provider’s stock worth $265,843,000 after purchasing an additional 759,236 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Edison International during the 2nd quarter worth $261,275,000. 88.95% of the stock is owned by institutional investors and hedge funds.

About Edison International

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.