Electron Capital Partners LLC Has $25.60 Million Stock Holdings in Edison International $EIX

Key Points

• Electron Capital Partners LLC significantly reduced its stakes in Edison International by 61.5%, selling 694,330 shares and now holds 434,517 shares, representing about 1.7% of its investment portfolio.
• AQR Capital Management, JPMorgan Chase, and other institutional investors have increased their positions in Edison International, with AQR expanding its stake by 190.5% during the same period.
• Edison International reported better-than-expected quarterly earnings, with an EPS of $0.97 compared to the consensus estimate of $0.88, and previously announced a quarterly dividend yielding 6.0% annually.

Electron Capital Partners LLC trimmed its stake in Edison International (NYSE:EIX - Free Report) by 61.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 434,517 shares of the utilities provider's stock after selling 694,330 shares during the period. Edison International comprises 1.7% of Electron Capital Partners LLC's investment portfolio, making the stock its 16th biggest holding. Electron Capital Partners LLC owned approximately 0.11% of Edison International worth $25,602,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Edison International by 1.0% in the first quarter. Vanguard Group Inc. now owns 49,083,555 shares of the utilities provider's stock valued at $2,892,003,000 after purchasing an additional 493,778 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Edison International by 19.8% in the first quarter. Invesco Ltd. now owns 5,770,535 shares of the utilities provider's stock valued at $340,000,000 after purchasing an additional 953,897 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Edison International by 111.6% during the 1st 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 in the last quarter. AQR Capital Management LLC grew its holdings in Edison International by 190.5% during the 1st 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Edison International by 7.7% during the 4th 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 buying an additional 371,043 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on EIX. Wolfe Research cut shares of Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a research note on Thursday, May 15th. Morgan Stanley reaffirmed an "overweight" rating on shares of Edison International in a research note on Thursday, August 21st. Barclays raised their price target on shares of Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research note on Monday, May 19th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $75.21.

Edison International Stock Up 2.1%

EIX traded up $1.10 during trading hours on Tuesday, reaching $54.40. 1,369,973 shares of the stock traded hands, compared to its average volume of 4,285,715. The firm's fifty day simple moving average is $53.54 and its two-hundred day simple moving average is $54.62. The company has a market cap of $20.93 billion, a price-to-earnings ratio of 7.98, a PEG 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. 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 (NYSE:EIX - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.09. The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.52 billion. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The business's revenue was up 4.8% on a year-over-year basis. During the same period last year, the business earned $1.23 EPS. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 7th were issued a $0.8275 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $3.31 annualized dividend and a dividend yield of 6.1%. Edison International's payout ratio is 48.60%.

Edison International 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.