ATLAS Infrastructure Partners UK Ltd. Raises Stock Holdings in Edison International $EIX

Key Points

• ATLAS Infrastructure Partners UK Ltd. has significantly increased its stake in Edison International, acquiring an additional 2,916,645 shares, boosting its holdings by 197.2% in the first quarter.
• Several institutional investors, including Adage Capital Partners GP L.L.C. and Graham Capital Management L.P., have also increased or initiated positions in Edison International, indicating growing interest from the institutional market.
• Analysts are generally optimistic about Edison International, with ten analysts giving it a Buy rating and an average price target of $75.21, despite varied opinions and recent price target changes by prominent firms.

ATLAS Infrastructure Partners UK Ltd. increased its position in Edison International (NYSE:EIX - Free Report) by 197.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,395,732 shares of the utilities provider's stock after purchasing an additional 2,916,645 shares during the quarter. Edison International makes up 18.2% of ATLAS Infrastructure Partners UK Ltd.'s portfolio, making the stock its 3rd largest holding. ATLAS Infrastructure Partners UK Ltd. owned approximately 1.14% of Edison International worth $258,997,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EIX. JPMorgan Chase & Co. lifted its position in Edison International by 111.6% in the first quarter. JPMorgan Chase & Co. now owns 5,663,427 shares of the utilities provider's stock worth $333,689,000 after purchasing an additional 2,987,318 shares during the period. Ameriprise Financial Inc. lifted its position in Edison International by 149.3% in the fourth quarter. Ameriprise Financial Inc. now owns 2,793,795 shares of the utilities provider's stock worth $223,057,000 after purchasing an additional 1,673,204 shares during the period. Canada Pension Plan Investment Board lifted its position in Edison International by 38.3% in the first quarter. Canada Pension Plan Investment Board now owns 4,658,597 shares of the utilities provider's stock worth $274,485,000 after purchasing an additional 1,289,062 shares during the period. Allianz Asset Management GmbH raised its stake in Edison International by 1,946.0% during the first quarter. Allianz Asset Management GmbH now owns 1,255,449 shares of the utilities provider's stock worth $73,971,000 after acquiring an additional 1,194,088 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Edison International during the first quarter worth $61,916,000. 88.95% of the stock is owned by institutional investors.

Edison International Price Performance

Shares of NYSE:EIX traded down $0.20 during midday trading on Friday, reaching $54.47. The company's stock had a trading volume of 2,054,246 shares, compared to its average volume of 2,647,436. The business's fifty day simple moving average is $53.50 and its 200-day simple moving average is $54.59. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.81. The company has a market capitalization of $20.96 billion, a P/E ratio of 8.00, a P/E/G ratio of 1.28 and a beta of 0.80. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $88.64.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.09. The firm had revenue of $4.54 billion during 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 company's revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, equities research analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 7th were issued a dividend of $0.8275 per share. The ex-dividend date was Monday, July 7th. This represents a $3.31 dividend on an annualized basis and a yield of 6.1%. Edison International's dividend payout ratio (DPR) is 48.60%.

Analyst Upgrades and Downgrades

EIX has been the subject of several recent analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of Edison International in a research note on Thursday, August 21st. Wolfe Research lowered Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. JPMorgan Chase & Co. dropped their price objective on Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research note on Monday, May 19th. Evercore ISI reiterated an "outperform" rating on shares of Edison International in a research note on Thursday, May 15th. Finally, Barclays raised their target price on Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Edison International has a consensus rating of "Moderate Buy" and a consensus target price of $75.21.

Edison International Company Profile

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.