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Edison International (EIX) Stock Could Soon Reward Patient Investors

Edison International (NYSE: EIX) is -1.06% lower on its value in year-to-date trading and has touched a low of $58.82 and a high of $74.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EIX stock was last observed hovering at around $69.40 in the last trading session, with the day’s gains setting it 1.33%.

Currently trading at $70.73, the stock is 2.81% and 4.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.9 million and changing 1.92% at the moment leaves the stock 4.09% off its SMA200. EIX registered 2.95% gain for a year compared to 6-month gain of 8.32%. The firm has a 50-day simple moving average (SMA 50) of $3.91 and a 200-day simple moving average (SMA200) of $10.92.

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The stock witnessed a 4.24% loss in the last 1 month and extending the period to 3 months gives it a -1.64%, and is 0.80% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.80% over the week and 1.71% over the month.

Edison International (EIX) has around 14375 employees, a market worth around $27.20B and $16.34B in sales. Current P/E ratio is 22.73 and Fwd P/E is 12.62. Profit margin for the company is 7.33%. Distance from 52-week low is 20.25% and -5.59% from its 52-week high. The company has generated returns on investments over the last 12 months (2.55%).

Edison International quarterly earnings per share for the current quarter are estimated at $1.14 with sales reaching $4.2B over the same period.The EPS is expected to grow by 3.78% this year, but quarterly earnings will post 8.70% year-over-year. Quarterly sales are estimated to shrink -1.20% in year-over-year returns.

Edison International (EIX) Top Institutional Holders

1,141 institutions hold shares in Edison International (EIX), with institutional investors hold 91.80% of the company’s shares. The shares outstanding are 384.52M, and float is at 384.09M with Short Float at 1.68%. Institutions hold 91.64% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 47.27 million shares valued at $3.28 billion. The investor’s holdings represent 12.33% of the EIX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 37.09 million shares valued at $2.58 billion to account for 9.68% of the shares outstanding. The other top investors are State Street Corporation which holds 28.62 million shares representing 7.47% and valued at over $1.99 billion, while Capital Research Global Investors holds 4.88% of the shares totaling 18.7 million with a market value of $1.3 billion.

Edison International (EIX) Insider Activity

The most recent transaction is an insider sale by Choi Caroline,the company’sSENIOR VICE PRESIDENT. SEC filings show that Choi Caroline sold 11,222 shares of the company’s common stock on Sep 15 ’23 at a price of $71.64 per share for a total of $0.8 million. Following the sale, the insider now owns 20881.0 shares.

Edison International disclosed in a document filed with the SEC on Apr 05 ’23 that Murphy J Andrew (SENIOR VICE PRESIDENT) sold a total of 22,471 shares of the company’s common stock. The trade occurred on Apr 05 ’23 and was made at $72.03 per share for $1.62 million. Following the transaction, the insider now directly holds 12989.0 shares of the EIX stock.

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