Collar Capital Management LLC Makes New $2.62 Million Investment in Edison International $EIX

Collar Capital Management LLC bought a new position in shares of Edison International (NYSE:EIX) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 47,363 shares of the utilities provider’s stock, valued at approximately $2,618,000. Edison International makes up 1.8% of Collar Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Edison International during the 2nd quarter worth approximately $268,801,000. AQR Capital Management LLC boosted its position in shares of Edison International by 83.5% during the second quarter. AQR Capital Management LLC now owns 9,962,902 shares of the utilities provider’s stock worth $510,649,000 after purchasing an additional 4,534,864 shares in the last quarter. ATLAS Infrastructure Partners UK Ltd. grew its holdings in shares of Edison International by 197.2% in the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,395,732 shares of the utilities provider’s stock valued at $258,997,000 after buying an additional 2,916,645 shares during the period. Vanguard Group Inc. grew its holdings in shares of Edison International by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 51,470,117 shares of the utilities provider’s stock valued at $2,655,858,000 after buying an additional 2,386,562 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in shares of Edison International by 237.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,904,568 shares of the utilities provider’s stock valued at $98,276,000 after buying an additional 1,339,806 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Edison International

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

Edison International Stock Up 0.1%

Shares of Edison International stock opened at $60.10 on Friday. The firm has a market cap of $23.13 billion, a PE ratio of 7.86, a P/E/G ratio of 0.90 and a beta of 0.83. The business’s 50 day simple moving average is $57.91 and its 200 day simple moving average is $54.97. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.76 and a current ratio of 0.82. Edison International has a 52-week low of $47.73 and a 52-week high of $81.02.

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

Edison International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Wednesday, January 7th will be paid a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 5.8%. The ex-dividend date is Wednesday, January 7th. This is an increase from Edison International’s previous quarterly dividend of $0.83. Edison International’s dividend payout ratio (DPR) is presently 43.27%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Jefferies Financial Group lifted their target price on Edison International from $57.00 to $59.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. UBS Group lifted their price objective on Edison International from $66.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Morgan Stanley set a $57.00 target price on Edison International in a research note on Wednesday, December 17th. JPMorgan Chase & Co. cut their price target on shares of Edison International from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Finally, Cowen began coverage on shares of Edison International in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Edison International presently has a consensus rating of “Hold” and a consensus price target of $63.50.

Edison International Company Profile

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.