Voya Investment Management LLC Increases Stake in Edison International by 4.1%
June 22, 2023
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Edison International ($NYSE:EIX) is a publicly-traded holding company based in California that owns and operates Southern California Edison, one of the nation’s largest electric utilities. The company also holds a controlling interest in Edison Energy, an energy services business, and has investments in the traditional and renewable energy industries. Recently, Voya Investment Management LLC has increased its stake in Edison International by 4.1%, as reported in the company’s most recent disclosure filing with the U.S. Securities and Exchange Commission. The move by Voya Investment Management LLC is regarded as a positive sign for Edison International, as it signals the company’s confidence in the growth trajectory of the company.
Analysis
At GoodWhale, we conducted an analysis of EDISON INTERNATIONAL‘s wellbeing. According to our Star Chart, EDISON INTERNATIONAL is strong in dividend, medium in growth, profitability and weak in asset. Based on this, we classified EDISON INTERNATIONAL as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are looking for high growth with some risks may be interested in investing in EDISON INTERNATIONAL. However, they should keep in mind that the company has an intermediate health score of 4/10 with regard to its cashflows and debt, suggesting that it might be able to sustain future operations in times of crisis. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Edison International. More…
| Total Revenues | Net Income | Net Margin |
| 17.22k | 838 | 5.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Edison International. More…
| Operations | Investing | Financing |
| 2.33k | -5.72k | 3.99k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Edison International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 78.85k | 61.3k | 40.9 |
Key Ratios Snapshot
Some of the financial key ratios for Edison International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.8% | -0.3% | 13.0% |
| FCF Margin | ROE | ROA |
| -20.7% | 9.0% | 1.8% |
Peers
Edison International is one of the largest investor-owned electric utilities in the United States and is one of the largest electric utility companies in the world. Its subsidiaries include Southern California Edison and Edison Mission Energy. It is headquartered in Rosemead, California. Its competitors include CMS Energy Corp, Genie Energy Ltd, OGE Energy Corp.
– CMS Energy Corp ($NYSE:CMS)
CMS Energy Corporation is an energy company operating primarily in the state of Michigan. The company has two main subsidiaries: Consumers Energy, an electric and gas utility company; and CMS Enterprises, an energy marketing and trading company. CMS Energy is headquartered in Jackson, Michigan.
As of 2022, CMS Energy Corporation had a market capitalization of 16.14 billion dollars and a return on equity of 12.15%. The company’s main business is providing energy through its two subsidiaries, Consumers Energy and CMS Enterprises. Consumers Energy is an electric and gas utility company, providing service to over 6 million customers in the state of Michigan. CMS Enterprises is an energy marketing and trading company, providing energy services to customers in the United States and Canada.
– Genie Energy Ltd ($NYSE:GNE)
Genie Energy Ltd. engages in the provision of electricity and natural gas, as well as oil and gas exploration and production. The company operates through the following segments: Retail Energy, Oil and Gas, and Other. The Retail Energy segment provides electricity and natural gas to residential, commercial, and industrial customers in the United States. The Oil and Gas segment focuses on the exploration and production of oil and gas. The Other segment includes corporate overhead and other investments. Genie Energy was founded on March 28, 2001 and is headquartered in Newark, NJ.
– OGE Energy Corp ($NYSE:OGE)
DOE Energy Corp is an energy company that focuses on the development and production of natural gas and oil. The company operates in two segments: Exploration and Production, and Marketing and Trading. The Exploration and Production segment engages in the exploration, development, and production of natural gas and oil properties. The Marketing and Trading segment engages in the marketing and trading of natural gas and oil.
Summary
Edison International is a publicly traded energy company. Investment management company Voya Investment Management LLC recently increased its stake in the company by 4.1%, indicating confidence in the company’s performance. This news is part of an overall positive trend for Edison International, as the company has seen a surge in stock price over the past year.
Analysts are optimistic about Edison International’s prospects, citing its strong balance sheet and attractive dividend yield as reasons to look favorably upon the company’s future. Investors should continue to monitor any developments in Edison International’s performance to determine whether the current trends indicate further potential upside.
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