Caxton Associates LLP Purchases Shares of 23,586 Edison International $EIX

Key Points

• Caxton Associates LLP has acquired a new stake in Edison International, purchasing 23,586 shares valued at approximately $1.39 million during the first quarter.
• Several hedge funds have increased their holdings in Edison International, with notable increases from JPMorgan Chase & Co. and AQR Capital Management LLC, reflecting strong institutional interest.
• The company recently reported earnings of $0.97 per share, surpassing estimates, and raised its FY 2025 guidance, indicating positive financial performance and growth potential.

Caxton Associates LLP acquired a new stake in Edison International (NYSE:EIX - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 23,586 shares of the utilities provider's stock, valued at approximately $1,390,000.

A number of other hedge funds have also recently bought and sold shares of EIX. Algert Global LLC purchased a new position in Edison International during the 4th quarter worth $292,000. Baird Financial Group Inc. boosted its holdings in shares of Edison International by 111.2% in the 4th quarter. Baird Financial Group Inc. now owns 4,114 shares of the utilities provider's stock worth $328,000 after buying an additional 2,166 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Edison International by 17.1% in the 4th quarter. Captrust Financial Advisors now owns 20,812 shares of the utilities provider's stock worth $1,662,000 after buying an additional 3,040 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its holdings in shares of Edison International by 6.7% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,766 shares of the utilities provider's stock worth $860,000 after buying an additional 679 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Edison International by 36.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,807 shares of the utilities provider's stock worth $5,093,000 after buying an additional 17,044 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Price Performance

EIX traded up $0.05 on Friday, reaching $56.27. The company had a trading volume of 2,204,128 shares, compared to its average volume of 2,987,982. Edison International has a 52-week low of $47.73 and a 52-week high of $88.64. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87. The business has a 50 day simple moving average of $53.79 and a 200 day simple moving average of $54.69. The company has a market cap of $21.65 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 1.32 and a beta of 0.80.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.09. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The business had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.52 billion. During the same period last year, the business earned $1.23 earnings per share. The business's quarterly revenue was up 4.8% on a year-over-year basis. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, sell-side analysts anticipate that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 7th were given a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Monday, July 7th. Edison International's payout ratio is currently 48.60%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EIX shares. Barclays boosted their price target on shares of Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Wolfe Research cut Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. JPMorgan Chase & Co. lowered their price objective on Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research note on Monday, May 19th. UBS Group lowered their price objective on Edison International from $68.00 to $66.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Morgan Stanley restated an "overweight" rating on shares of Edison International in a research note on Thursday, August 21st. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $71.15.

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.