Edison International (NYSE:EIX) Shares Sold by Jump Financial LLC

Jump Financial LLC lessened its holdings in Edison International (NYSE:EIX) by 83.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,598 shares of the utilities provider’s stock after selling 86,392 shares during the quarter. Jump Financial LLC’s holdings in Edison International were worth $1,405,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Crews Bank & Trust purchased a new position in shares of Edison International during the fourth quarter worth $25,000. Sierra Ocean LLC purchased a new position in shares of Edison International during the 4th quarter valued at about $33,000. ST Germain D J Co. Inc. lifted its holdings in shares of Edison International by 88.1% in the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock valued at $34,000 after buying an additional 200 shares during the period. Raleigh Capital Management Inc. grew its holdings in Edison International by 285.3% during the fourth quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 311 shares during the period. Finally, Versant Capital Management Inc raised its position in Edison International by 171.5% during the fourth quarter. Versant Capital Management Inc now owns 448 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 283 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Price Performance

Shares of EIX stock opened at $57.37 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The company has a market capitalization of $22.09 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. The firm’s 50-day moving average is $55.47 and its two-hundred day moving average is $69.11. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77.

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

Edison International Dividend Announcement

The business 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. This represents a $3.31 annualized dividend and a yield of 5.77%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

Analyst Ratings Changes

EIX has been the subject of several recent research reports. Barclays cut their target price on shares of Edison International from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target for the company in a research note on Wednesday, January 15th. Mizuho lowered their price target on Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Wells Fargo & Company reduced their target price on Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $72.00 price objective on shares of Edison International in a report on Wednesday, February 12th. One equities 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 company. According to MarketBeat, Edison International has a consensus rating of “Moderate Buy” and a consensus target price of $76.75.

Edison International 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.