Edison International (NYSE:EIX) Shares Sold by Simplicity Solutions LLC

Simplicity Solutions LLC reduced its stake in shares of Edison International (NYSE:EIX) by 14.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,174 shares of the utilities provider’s stock after selling 1,032 shares during the quarter. Simplicity Solutions LLC’s holdings in Edison International were worth $441,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RVW Wealth LLC acquired a new stake in Edison International during the 3rd quarter worth $25,000. Bruce G. Allen Investments LLC acquired a new stake in Edison International during the 4th quarter worth $27,000. WASHINGTON TRUST Co increased its stake in Edison International by 117.4% in the fourth quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 270 shares during the period. Ancora Advisors LLC acquired a new position in Edison International in the first quarter valued at $41,000. Finally, Lindbrook Capital LLC increased its stake in Edison International by 144.4% in the third quarter. Lindbrook Capital LLC now owns 672 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 397 shares during the period. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on EIX shares. Mizuho dropped their price objective on shares of Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Royal Bank of Canada dropped their price objective on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Guggenheim upgraded shares of Edison International from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $84.00 in a research note on Monday, January 22nd. StockNews.com upgraded shares of Edison International from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. Finally, TheStreet lowered shares of Edison International from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $73.60.

Edison International Trading Up 0.1 %

Shares of Edison International stock opened at $68.13 on Friday. Edison International has a 52-week low of $58.82 and a 52-week high of $74.92. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 1.86. The company’s 50-day simple moving average is $68.36 and its 200-day simple moving average is $67.32. The firm has a market cap of $26.21 billion, a price-to-earnings ratio of 21.84 and a beta of 0.96.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $4.19 billion. Edison International had a net margin of 8.35% and a return on equity of 12.63%. During the same quarter in the previous year, the firm earned $1.14 earnings per share. As a group, equities research analysts anticipate that Edison International will post 5.01 earnings per share for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Wednesday, March 27th. Edison International’s dividend payout ratio is currently 100.00%.

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.