Caxton Associates LLP Increases Stock Holdings in Edison International $EIX

Caxton Associates LLP boosted its stake in Edison International (NYSE:EIX) by 48.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 34,982 shares of the utilities provider’s stock after acquiring an additional 11,396 shares during the quarter. Caxton Associates LLP’s holdings in Edison International were worth $1,805,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System raised its position in Edison International by 5.3% in the second quarter. Maryland State Retirement & Pension System now owns 364,525 shares of the utilities provider’s stock valued at $18,809,000 after purchasing an additional 18,412 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Edison International by 7.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 132,866 shares of the utilities provider’s stock valued at $6,982,000 after buying an additional 9,015 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in Edison International in the 2nd quarter valued at about $456,000. Voya Investment Management LLC lifted its position in Edison International by 9.8% in the first quarter. Voya Investment Management LLC now owns 351,524 shares of the utilities provider’s stock valued at $20,712,000 after buying an additional 31,488 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its stake in Edison International by 107.2% during the second quarter. Moody National Bank Trust Division now owns 23,573 shares of the utilities provider’s stock worth $1,216,000 after buying an additional 12,195 shares during the period. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Peter J. Taylor sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $55.27, for a total value of $99,486.00. Following the sale, the director owned 35,212 shares of the company’s stock, valued at $1,946,167.24. This trade represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EIX has been the topic of a number of research analyst reports. Barclays reduced their price target on shares of Edison International from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Wall Street Zen upgraded shares of Edison International from a “hold” rating to a “buy” rating in a report on Sunday. UBS Group upped their price target on Edison International from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Wells Fargo & Company upgraded Edison International to a “hold” rating in a research report on Tuesday, October 28th. Finally, Zacks Research upgraded Edison International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $64.20.

Edison International Stock Performance

NYSE:EIX opened at $58.30 on Monday. The company has a fifty day simple moving average of $56.95 and a two-hundred day simple moving average of $54.66. The company has a market cap of $22.43 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 1.95. Edison International has a 52 week low of $47.73 and a 52 week high of $82.48.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.18. Edison International had a return on equity of 13.62% and a net margin of 17.24%.The business had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.31 billion. During the same period last year, the firm earned $1.51 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. As a group, equities analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Wednesday, January 7th will be paid a dividend of $0.8775 per share. The ex-dividend date is Wednesday, January 7th. This is a positive change from Edison International’s previous quarterly dividend of $0.83. This represents a $3.51 dividend on an annualized basis and a dividend yield of 6.0%. Edison International’s payout ratio is currently 43.27%.

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.