Edison International (NYSE:EIX) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its holdings in Edison International (NYSE:EIX) by 6.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,087 shares of the utilities provider’s stock after acquiring an additional 966 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Edison International were worth $1,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. acquired a new stake in Edison International during the 3rd quarter worth $1,100,000. Hilltop Holdings Inc. increased its holdings in Edison International by 14.0% in the third quarter. Hilltop Holdings Inc. now owns 4,424 shares of the utilities provider’s stock valued at $385,000 after buying an additional 542 shares in the last quarter. HighTower Advisors LLC increased its stake in Edison International by 2.9% in the 3rd quarter. HighTower Advisors LLC now owns 39,237 shares of the utilities provider’s stock valued at $3,404,000 after purchasing an additional 1,111 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Edison International during the 3rd quarter worth $1,452,000. Finally, IHT Wealth Management LLC acquired a new position in Edison International during the third quarter worth about $245,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Down 6.3 %

NYSE:EIX opened at $54.71 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The company has a market capitalization of $21.06 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. Edison International has a one year low of $49.06 and a one year high of $88.77. The stock has a 50-day simple moving average of $54.84 and a 200 day simple moving average of $71.65.

Edison International (NYSE:EIX) last issued its earnings results on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.03). The firm had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. Sell-side analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be paid a dividend of $0.8275 per share. The ex-dividend date is Monday, April 7th. This represents a $3.31 annualized dividend and a yield of 6.05%. Edison International’s payout ratio is 100.30%.

Analyst Upgrades and Downgrades

EIX has been the topic of a number of analyst reports. Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Mizuho reduced their target price on Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $72.00 price objective on shares of Edison International in a research note on Wednesday, February 12th. UBS Group raised Edison International from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. Finally, Morgan Stanley raised their price target on shares of Edison International from $48.00 to $52.00 and gave the company an “underweight” rating in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.82.

About Edison International

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.