Universal Beteiligungs und Servicegesellschaft mbH Buys 12,381 Shares of Edison International $EIX

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Edison International (NYSE:EIX) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 553,261 shares of the utilities provider’s stock after purchasing an additional 12,381 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Edison International were worth $30,584,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC grew its position in Edison International by 19.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 10,390 shares of the utilities provider’s stock worth $582,000 after purchasing an additional 1,674 shares during the period. Allegiance Financial Group Advisory Services LLC purchased a new position in shares of Edison International in the 3rd quarter worth $302,000. Jackson Thornton Wealth Management LLC bought a new stake in shares of Edison International in the third quarter worth $565,000. QTR Family Wealth LLC purchased a new stake in Edison International during the third quarter valued at $286,000. Finally, Arkadios Wealth Advisors increased its position in Edison International by 9.4% during the third quarter. Arkadios Wealth Advisors now owns 19,930 shares of the utilities provider’s stock valued at $1,102,000 after acquiring an additional 1,707 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group restated a “buy” rating on shares of Edison International in a research note on Friday, January 16th. Wall Street Zen raised shares of Edison International from a “hold” rating to a “buy” rating in a report on Thursday, January 15th. Jefferies Financial Group boosted their target price on shares of Edison International from $57.00 to $59.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company downgraded shares of Edison International from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $56.00 to $59.00 in a research report on Tuesday. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $63.70.

Edison International Trading Up 0.5%

Shares of NYSE:EIX opened at $60.72 on Friday. The stock has a 50 day moving average of $59.35 and a 200 day moving average of $56.35. The company has a market cap of $23.36 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 0.88 and a beta of 0.83. Edison International has a 12-month low of $47.73 and a 12-month high of $62.62. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX) last released its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.18. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.31 billion. During the same quarter last year, the business earned $1.51 EPS. The firm’s revenue 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. As a group, equities research analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Increases Dividend

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

Insiders Place Their Bets

In other Edison International news, Director Peter J. Taylor sold 1,800 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $55.27, for a total value of $99,486.00. Following the completion of the sale, the director owned 35,212 shares in the company, valued at approximately $1,946,167.24. This represents a 4.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Edison International Company 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.