Caxton Associates LLP Buys New Position in Edison International $EIX

Caxton Associates LLP bought a new stake in shares of Edison International (NYSE:EIX) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 23,586 shares of the utilities provider’s stock, valued at approximately $1,390,000.

Several other hedge funds also recently modified their holdings of EIX. Vanguard Group Inc. lifted its holdings in Edison International by 1.0% during the first quarter. Vanguard Group Inc. now owns 49,083,555 shares of the utilities provider’s stock worth $2,892,003,000 after acquiring an additional 493,778 shares during the period. Invesco Ltd. lifted its holdings in Edison International by 19.8% during the first quarter. Invesco Ltd. now owns 5,770,535 shares of the utilities provider’s stock worth $340,000,000 after acquiring an additional 953,897 shares during the period. JPMorgan Chase & Co. lifted its holdings in Edison International by 111.6% during the first quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider’s stock worth $333,689,000 after acquiring an additional 2,987,318 shares during the period. AQR Capital Management LLC lifted its holdings in Edison International by 190.5% during the first quarter. AQR Capital Management LLC now owns 5,428,038 shares of the utilities provider’s stock worth $319,169,000 after acquiring an additional 3,559,602 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Edison International by 7.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,163,408 shares of the utilities provider’s stock worth $412,246,000 after acquiring an additional 371,043 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of EIX opened at $54.83 on Wednesday. The firm has a market cap of $21.10 billion, a PE ratio of 8.05, a PEG ratio of 1.25 and a beta of 0.80. The stock’s fifty day moving average price is $53.58 and its two-hundred day moving average price is $54.62. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.81. Edison International has a 1 year low of $47.73 and a 1 year high of $88.64.

Edison International (NYSE:EIX) last issued its earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.52 billion. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. On average, equities research analysts forecast that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 7th were paid a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Monday, July 7th. Edison International’s payout ratio is presently 48.60%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EIX. JPMorgan Chase & Co. dropped their price target on Edison International from $75.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, May 19th. Wolfe Research lowered Edison International from an “outperform” rating to a “peer perform” rating in a report on Monday, June 9th. Evercore ISI reiterated an “outperform” rating on shares of Edison International in a report on Thursday, May 15th. Barclays lifted their price target on Edison International from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Edison International in a report on Thursday, August 21st. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $75.21.

About Edison International

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.