Edison International (NYSE:EIX) Shares Acquired by Ethic Inc.

Ethic Inc. lifted its holdings in Edison International (NYSE:EIX) by 17.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,605 shares of the utilities provider’s stock after purchasing an additional 14,338 shares during the period. Ethic Inc.’s holdings in Edison International were worth $7,793,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its position in Edison International by 16.9% in the 3rd quarter. Barclays PLC now owns 918,489 shares of the utilities provider’s stock valued at $79,991,000 after purchasing an additional 132,749 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Edison International by 6.4% in the third quarter. Principal Financial Group Inc. now owns 459,194 shares of the utilities provider’s stock valued at $39,991,000 after acquiring an additional 27,667 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Edison International by 1.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,688 shares of the utilities provider’s stock valued at $1,802,000 after acquiring an additional 389 shares in the last quarter. ST Germain D J Co. Inc. grew its holdings in Edison International by 88.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in Edison International by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,578 shares of the utilities provider’s stock worth $765,000 after acquiring an additional 234 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Trading Up 0.1 %

NYSE EIX opened at $56.20 on Friday. The firm’s fifty day moving average is $56.70 and its two-hundred day moving average is $66.26. Edison International has a one year low of $49.06 and a one year high of $88.77. 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 firm has a market cap of $21.62 billion, a PE ratio of 16.48, a P/E/G ratio of 1.07 and a beta of 0.77.

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

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 7th were given a $0.8275 dividend. The ex-dividend date was Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.89%. Edison International’s dividend payout ratio (DPR) is 46.95%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EIX shares. LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a research report on Wednesday, January 15th. Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Mizuho decreased their target price on Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Finally, Barclays upped their price target on Edison International from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $76.96.

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.