Edison International (NYSE:EIX) Shares Purchased by Gallagher Fiduciary Advisors LLC

Gallagher Fiduciary Advisors LLC boosted its holdings in shares of Edison International (NYSE:EIX) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,606 shares of the utilities provider’s stock after acquiring an additional 1,100 shares during the quarter. Gallagher Fiduciary Advisors LLC’s holdings in Edison International were worth $767,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EIX. Norges Bank acquired a new stake in shares of Edison International during the 4th quarter worth about $323,443,000. Canada Pension Plan Investment Board raised its stake in shares of Edison International by 364.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 3,369,535 shares of the utilities provider’s stock valued at $269,024,000 after acquiring an additional 2,643,571 shares during the period. Northern Trust Corp lifted its holdings in shares of Edison International by 53.9% in the 4th quarter. Northern Trust Corp now owns 5,757,034 shares of the utilities provider’s stock worth $459,642,000 after acquiring an additional 2,016,017 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Edison International by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider’s stock worth $3,879,408,000 after purchasing an additional 1,559,501 shares during the period. Finally, Invesco Ltd. increased its holdings in Edison International by 38.2% in the 4th quarter. Invesco Ltd. now owns 4,816,638 shares of the utilities provider’s stock valued at $384,560,000 after purchasing an additional 1,331,941 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

Shares of EIX opened at $54.57 on Friday. The firm has a market capitalization of $21.01 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 1.07 and a beta of 0.74. The firm’s fifty day simple moving average is $56.45 and its 200-day simple moving average is $67.49. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. The company had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. Edison International’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period last year, the firm earned $1.13 earnings per share. Equities analysts forecast that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 7th were issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend was Monday, April 7th. Edison International’s dividend payout ratio (DPR) is 46.95%.

Analyst Ratings Changes

A number of research analysts have commented on EIX shares. The Goldman Sachs Group decreased their price target on Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Morgan Stanley restated an “overweight” rating on shares of Edison International in a report on Wednesday, April 23rd. UBS Group upgraded shares of Edison International from a “neutral” rating to a “buy” rating and cut their price target for the stock from $69.00 to $65.00 in a research note on Tuesday, February 18th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $72.00 price objective on shares of Edison International in a report on Wednesday, February 12th. Finally, LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price on the stock in a report on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Edison International has an average rating of “Moderate Buy” and an average price target of $76.96.

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.