Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stake in Edison International (NYSE:EIX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of Edison International (NYSE:EIX) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 722,167 shares of the utilities provider’s stock after selling 2,722 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.19% of Edison International worth $57,658,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. iA Global Asset Management Inc. boosted its position in shares of Edison International by 31.4% in the fourth quarter. iA Global Asset Management Inc. now owns 15,062 shares of the utilities provider’s stock worth $1,203,000 after acquiring an additional 3,595 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Edison International by 242.0% during the 4th quarter. Teacher Retirement System of Texas now owns 17,731 shares of the utilities provider’s stock valued at $1,416,000 after buying an additional 12,546 shares during the period. Vinva Investment Management Ltd increased its holdings in shares of Edison International by 148.2% during the 4th quarter. Vinva Investment Management Ltd now owns 32,317 shares of the utilities provider’s stock worth $2,575,000 after buying an additional 19,294 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in shares of Edison International in the 4th quarter worth $7,087,000. Finally, Cozad Asset Management Inc. boosted its holdings in Edison International by 26.9% in the fourth quarter. Cozad Asset Management Inc. now owns 3,205 shares of the utilities provider’s stock valued at $256,000 after acquiring an additional 680 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Down 0.3 %

Shares of Edison International stock opened at $58.53 on Thursday. The business has a 50-day moving average price of $55.58 and a 200 day moving average price of $73.91. Edison International has a fifty-two week low of $49.06 and a fifty-two week high of $88.77. The firm has a market cap of $22.54 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.07 and a beta of 0.87. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX) last issued its quarterly earnings results 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 firm 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, sell-side analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 5.66%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Mizuho reduced their price target on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. UBS Group upgraded Edison International from a “neutral” rating to a “buy” rating and dropped their target price for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Guggenheim cut Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Barclays dropped their price objective on shares of Edison International from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $72.00 target price on shares of Edison International in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.54.

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.