Graham Capital Management L.P. Makes New Investment in Edison International $EIX

Key Points

• Graham Capital Management L.P. has acquired a new stake in Edison International, purchasing 31,145 shares valued at approximately $1.8 million.
• Institutional investors now hold 88.95% of Edison International's stock, indicating strong institutional interest in the company.
• Edison International reported $0.97 earnings per share for the last quarter, which surpassed analysts' expectations of $0.88.

Graham Capital Management L.P. acquired a new stake in shares of Edison International (NYSE:EIX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 31,145 shares of the utilities provider's stock, valued at approximately $1,835,000.

Several other institutional investors also recently made changes to their positions in EIX. Oppenheimer & Co. Inc. increased its position in shares of Edison International by 98.7% in the first quarter. Oppenheimer & Co. Inc. now owns 10,982 shares of the utilities provider's stock worth $647,000 after acquiring an additional 5,454 shares in the last quarter. Tounjian Advisory Partners LLC acquired a new position in shares of Edison International during the 1st quarter valued at $1,151,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Edison International by 135.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 123,851 shares of the utilities provider's stock valued at $7,297,000 after acquiring an additional 71,159 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Edison International by 4,157.4% during the 1st quarter. GAMMA Investing LLC now owns 145,179 shares of the utilities provider's stock valued at $8,554,000 after acquiring an additional 141,769 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Edison International by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,562,128 shares of the utilities provider's stock valued at $150,961,000 after acquiring an additional 145,358 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Stock Performance

Shares of Edison International stock traded down $0.20 during trading hours on Friday, reaching $54.47. The company's stock had a trading volume of 2,054,246 shares, compared to its average volume of 2,510,270. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87. Edison International has a one year low of $47.73 and a one year high of $88.64. The company's 50 day simple moving average is $53.50 and its 200 day simple moving average is $54.61. The stock has a market cap of $20.96 billion, a P/E ratio of 8.00, a price-to-earnings-growth ratio of 1.28 and a beta of 0.80.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 earnings per share for the quarter, topping 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 quarter last year, the company earned $1.23 EPS. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

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

Analysts Set New Price Targets

EIX has been the topic of several recent research reports. Wolfe Research lowered shares of Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Morgan Stanley reaffirmed an "overweight" rating on shares of Edison International in a research note on Thursday, August 21st. JPMorgan Chase & Co. dropped 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. Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a research note on Thursday, May 15th. Finally, Barclays lifted 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. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently 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.