MADDEN SECURITIES Corp Sells 9,410 Shares of Edison International $EIX

MADDEN SECURITIES Corp reduced its stake in Edison International (NYSE:EIX) by 19.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,380 shares of the utilities provider’s stock after selling 9,410 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Edison International were worth $2,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Kentucky Trust Co raised its position in shares of Edison International by 66.7% during the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. American National Bank & Trust purchased a new stake in Edison International during the second quarter valued at about $32,000. Laurel Wealth Advisors LLC raised its position in Edison International by 5,064.3% during the second quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 709 shares in the last quarter. CoreFirst Bank & Trust bought a new stake in Edison International during the second quarter worth about $38,000. Finally, Hilltop National Bank purchased a new position in shares of Edison International in the 2nd quarter worth about $44,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Insider Buying and Selling at Edison International

In related news, Director Peter J. Taylor sold 1,800 shares of Edison International 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 sale, the director directly owned 35,212 shares in the company, valued at $1,946,167.24. The trade was a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Edison International from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, December 12th. UBS Group boosted their target price on Edison International from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Wells Fargo & Company upgraded Edison International to a “hold” rating in a report on Tuesday, October 28th. TD Cowen initiated coverage on Edison International in a research note on Thursday, October 16th. They issued a “buy” rating and a $71.00 price target on the stock. Finally, Cowen assumed coverage on Edison International in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $63.50.

Edison International Price Performance

Shares of EIX stock opened at $60.96 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.76 and a current ratio of 0.82. The firm has a market cap of $23.46 billion, a P/E ratio of 7.97, a P/E/G ratio of 0.87 and a beta of 0.83. The business’s 50 day moving average price is $58.63 and its 200-day moving average price is $55.76. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $70.50.

Edison International (NYSE:EIX) last released its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share for the quarter, beating 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 business had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter in the previous year, the business posted $1.51 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. On average, equities research analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Increases Dividend

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

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.