Guggenheim Capital LLC Has $11.25 Million Stake in Edison International $EIX

Key Points

• Guggenheim Capital LLC has reduced its stake in Edison International by 4.7%, now holding 190,869 shares valued at approximately $11.24 million.
• Institutional investors collectively own 88.95% of Edison International's stock, with notable activity in the last quarter, including significant increases from firms like Northern Trust Corp and Price T Rowe Associates.
• Edison International reported earnings of $0.97 per share for the last quarter, surpassing estimates and indicating a year-over-year revenue increase of 4.8%.

Guggenheim Capital LLC reduced its stake in Edison International (NYSE:EIX - Free Report) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 190,869 shares of the utilities provider's stock after selling 9,398 shares during the period. Guggenheim Capital LLC's holdings in Edison International were worth $11,246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EIX. Rakuten Securities Inc. lifted its holdings in Edison International by 4,633.3% during the first quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider's stock worth $25,000 after acquiring an additional 417 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Edison International in the 1st quarter valued at about $25,000. Investment Management Corp VA ADV raised its stake in shares of Edison International by 159.6% in the 1st quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 265 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Edison International in the 1st quarter valued at about $35,000. Finally, Versant Capital Management Inc raised its stake in shares of Edison International by 96.7% in the 1st quarter. Versant Capital Management Inc now owns 881 shares of the utilities provider's stock valued at $52,000 after purchasing an additional 433 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Edison International Stock Performance

Shares of NYSE:EIX traded down $0.91 during trading on Tuesday, reaching $55.22. 1,025,076 shares of the stock were exchanged, compared to its average volume of 4,318,404. Edison International has a 12 month low of $47.73 and a 12 month high of $88.77. The firm has a market cap of $21.25 billion, a PE ratio of 8.13, a PEG ratio of 1.32 and a beta of 0.80. The stock has a 50-day moving average price of $53.17 and a 200-day moving average price of $54.51. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 2.03.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly 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 business had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.52 billion. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. 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. Research analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

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

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.