Toth Financial Advisory Corp Invests in Edison International

Toth Financial Advisory Corp recently acquired a new position in utility giant Edison International (NYSE:EIX), as reported for the third quarter. The financial advisory firm purchased 1,885 shares of Edison International, amounting to an investment value of roughly $119,000.

During the same period, notable movements were seen among other heavyweight investors in the utility sector. Vanguard Group Inc. increased its ownership by 1.7% in the first quarter, now holding shares valued at over $3 billion. BlackRock Inc. enhanced its stake by 2.6% during the second quarter, bringing its total share value to approximately $2.6 billion.

State Street Corp, FMR LLC, and Pzena Investment Management LLC also augmented their holdings in Edison International, with each fund buying additional shares raising their respective investments by millions of dollars.

Edison International's Market Performance

The share price for Edison International began trading at $68.76 on a recent Thursday. With market fluctuations, the stock has exhibited a 50-day moving average of $65.66 and a 200-day average of $67.68. With its market capitalization standing at around $26.37 billion, Edison International trades with a price-to-earnings ratio of 21.42, indicating the amount investors are willing to pay for each dollar of earnings.

The company's debt-to-equity ratio is reported at 1.89, a quick ratio at 0.75, and a current ratio at 0.80. The utility provider's most recent earnings release showed a slight underperformance against analysts' expectations, and their revenue saw a downward adjustment compared to the prior year's report.

Dividend and Analyst Outlook

Edison International not only remains a significant player in the utilities sector but has also declared an increased quarterly dividend to its shareholders, indicating a positive change despite the market challenges. Analysts, however, present a mixed stance on the company's stock with varied ratings from different financial institutions.

Edison International's primary business spans through its subsidiaries, engaging in the generation and distribution of electric power across a vast region of Southern California, catering to a wide range of customers from different sectors and providing energy solutions in North America and Europe as well.

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