Edison International (NYSE: EIX) is 19.49% higher on its value in year-to-date trading and has touched a low of $58.82 and a high of $88.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EIX stock was last observed hovering at around $84.63 in the last trading session, with the day’s gains setting it 0.79%.
Currently trading at $85.42, the stock is 0.19% and 6.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing 0.93% at the moment leaves the stock 17.38% off its SMA200. EIX registered 20.75% gain for a year compared to 6-month gain of 24.79%.
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The stock witnessed a 2.74% loss in the last 1 month and extending the period to 3 months gives it a 16.30%, and is -1.42% down 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 2.06% over the week and 1.47% over the month.
Edison International (EIX) has around 14375 employees, a market worth around $32.99B and $16.82B in sales. Current P/E ratio is 34.34 and Fwd P/E is 15.22. Profit margin for the company is 5.71%. Distance from 52-week low is 45.22% and -3.77% from its 52-week high. The company has generated returns on investments over the last 12 months (1.94%).
with sales reaching $5.01B over the same period.The EPS is expected to grow by 3.99% this year, but quarterly earnings will post 6.80% year-over-year.
Edison International (EIX) Top Institutional Holders
1180.0 institutions hold shares in Edison International (EIX), with institutional investors hold 92.22% of the company’s shares. The shares outstanding are 386.18M, and float is at 385.73M with Short Float at 1.34%. Institutions hold 92.06% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 46.62 million shares valued at $3.35 billion. The investor’s holdings represent 12.11% of the EIX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 38.21 million shares valued at $2.74 billion to account for 9.9259 of the shares outstanding. The other top investors are STATE STREET CORP which holds 32.33 million shares representing 8.3963% and valued at over $2.32 billion, while FMR LLC holds 5.2101 of the shares totaling 20.06 million with a market value of $1.44 billion.
Edison International (EIX) Insider Activity
The most recent transaction is an insider sale by Murphy J Andrew, the company’s PRESIDENT & CEO, EDISON ENERGY. SEC filings show that Murphy J Andrew sold 23,896 shares of the company’s common stock on Aug 26 ’24 at a price of $85.45 per share for a total of $2.04 million. Following the sale, the insider now owns 19850.0 shares.
Edison International disclosed in a document filed with the SEC on Aug 23 ’24 that Murphy J Andrew (PRESIDENT & CEO, EDISON ENERGY) sold a total of 1,362 shares of the company’s common stock. The trade occurred on Aug 23 ’24 and was made at $85.00 per share for $0.12 million. Following the transaction, the insider now directly holds 19850.0 shares of the EIX stock.
Still, SEC filings show that on Jul 31 ’24, Murphy J Andrew (PRESIDENT & CEO, EDISON ENERGY) disposed off 32,505 shares at an average price of $80.12 for $2.6 million. The insider now directly holds 19,660 shares of Edison International (EIX).
