Teza Capital Management LLC Makes New $1.30 Million Investment in Edison International $EIX

Key Points

• Teza Capital Management LLC has invested approximately $1.30 million in Edison International, acquiring 21,993 shares of the utilities provider.
• Several large investors have increased their holdings in Edison International, with hedge funds and institutional investors owning 88.95% of the company's stock.
• Edison International has announced a quarterly dividend of $0.8275 per share, which translates to an annualized yield of 6.1%.

Teza Capital Management LLC bought a new position in shares of Edison International (NYSE:EIX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,993 shares of the utilities provider's stock, valued at approximately $1,296,000.

Other institutional investors have also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd boosted its holdings in shares of Edison International by 22.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 45,572 shares of the utilities provider's stock worth $2,685,000 after buying an additional 8,330 shares in the last quarter. Petrus Trust Company LTA boosted its stake in Edison International by 205.8% during the first quarter. Petrus Trust Company LTA now owns 26,656 shares of the utilities provider's stock worth $1,571,000 after acquiring an additional 17,939 shares in the last quarter. PharVision Advisers LLC bought a new position in Edison International during the first quarter worth $452,000. Nissay Asset Management Corp Japan ADV grew its holdings in Edison International by 1.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 47,625 shares of the utilities provider's stock worth $2,806,000 after purchasing an additional 775 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Edison International by 22.0% in the first quarter. NewEdge Advisors LLC now owns 75,413 shares of the utilities provider's stock valued at $4,443,000 after purchasing an additional 13,593 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Stock Up 0.1%

Edison International stock traded up $0.04 during trading on Friday, hitting $56.26. 910,475 shares of the company were exchanged, compared to its average volume of 4,307,798. The business's 50 day moving average is $53.71 and its 200 day moving average is $54.66. Edison International has a 52 week low of $47.73 and a 52 week high of $88.64. The company has a market capitalization of $21.65 billion, a P/E ratio of 8.25, a PEG ratio of 1.31 and a beta of 0.80. 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 announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.09. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. Edison International's revenue 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. Analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors 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 annualized dividend and a yield of 5.9%. Edison International's dividend payout ratio is 48.60%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EIX shares. JPMorgan Chase & Co. cut their price objective on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research report on Monday, May 19th. UBS Group cut their price target on Edison International from $68.00 to $66.00 and set a "buy" rating on the stock in a report on Thursday. Wolfe Research downgraded Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Edison International in a research report on Thursday, August 21st. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $71.15.

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.