5 Energy Stocks to Buy Today According to Richard S. Pzena’s Hedge Fund

2. Edison International (NYSE:EIX)

Pzena Investment Management’s Stake Value: $1 billion

Percentage of Pzena Investment Management’s 13F Portfolio: 3.82%

Number of Hedge Fund Holders: 25

Edison International (NYSE:EIX) is an American electricity provider that was founded in 1886 and is headquartered in the state of California. The company provides electricity to residential, agricultural, and industrial users among others. It has thousands of circuit miles of overhead and underground lines.

Edison International (NYSE:EIX) earned $3 billion in revenue and $1.16 in non-GAAP EPS for its fiscal fourth quarter, beating analyst estimates for both. Its price target was raised to $82 from $77 in January 2022 by Mizuho, as the firm outlined high EPS growth expectations from the company in the future.

Pzena Investment Management owned 14 million Edison International (NYSE:EIX) shares by the end of Q4 2021. These were worth $1 billion and constituted 3.82% of its investment portfolio. Out of the 924 hedge funds analyzed by Insider Monkey during the fourth quarter of last year, 25 had a stake in the company.

After Mr. Pzena’s investment firm, Edison International (NYSE:EIX)’s largest investor is Stuart J. Zimmer’s Zimmer Partners which owns 1.3 million shares worth $89 million.