Edison International (NYSE:EIX) Stock Holdings Decreased by Private Trust Co. NA

Private Trust Co. NA lowered its position in shares of Edison International (NYSE:EIX) by 7.0% during the fourth quarter, Holdings Channel reports. The fund owned 2,686 shares of the utilities provider’s stock after selling 202 shares during the quarter. Private Trust Co. NA’s holdings in Edison International were worth $214,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Crews Bank & Trust purchased a new position in Edison International during the 4th quarter worth approximately $25,000. Larson Financial Group LLC boosted its position in shares of Edison International by 125.0% in the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after buying an additional 195 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Edison International during the third quarter valued at $32,000. Darwin Wealth Management LLC acquired a new position in Edison International during the third quarter valued at $35,000. Finally, Sierra Ocean LLC purchased a new stake in Edison International in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on EIX shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $72.00 target price on shares of Edison International in a research note on Wednesday, February 12th. Guggenheim downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price for the company in a research report on Wednesday, January 15th. Morgan Stanley decreased their target price on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating for the company in a research note on Friday, February 14th. Finally, Wells Fargo & Company dropped their price target on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Edison International has an average rating of “Moderate Buy” and an average target price of $77.25.

Edison International Price Performance

Shares of NYSE:EIX opened at $55.34 on Tuesday. The stock has a market capitalization of $21.42 billion, a P/E ratio of 16.23, a P/E/G ratio of 1.07 and a beta of 0.90. The business has a 50-day moving average of $60.89 and a two-hundred day moving average of $76.21. Edison International has a fifty-two week low of $49.06 and a fifty-two week high of $88.77. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). The company had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. On average, equities research analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 5.98%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio is currently 100.30%.

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.