St. Clair Advisors LLC Purchases Shares of 5,000 Edison International (NYSE:EIX)

St. Clair Advisors LLC acquired a new position in Edison International (NYSE:EIX) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,000 shares of the utilities provider’s stock, valued at approximately $399,000.

A number of other hedge funds have also recently made changes to their positions in the business. Jamison Private Wealth Management Inc. boosted its stake in shares of Edison International by 2.6% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider’s stock worth $550,000 after acquiring an additional 174 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of Edison International by 2.9% in the fourth quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider’s stock worth $503,000 after acquiring an additional 176 shares during the period. Whittier Trust Co. lifted its position in shares of Edison International by 4.9% in the fourth quarter. Whittier Trust Co. now owns 4,295 shares of the utilities provider’s stock worth $343,000 after buying an additional 200 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Edison International by 5.0% in the fourth quarter. Vontobel Holding Ltd. now owns 4,579 shares of the utilities provider’s stock worth $366,000 after buying an additional 216 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. lifted its position in shares of Edison International by 5.2% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 4,403 shares of the utilities provider’s stock worth $352,000 after buying an additional 217 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Trading Up 1.8%

EIX opened at $58.62 on Monday. The stock has a market cap of $22.55 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 1.07 and a beta of 0.77. The stock’s 50 day moving average price is $56.81 and its 200-day moving average price is $65.07. 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.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the prior year, the firm earned $1.13 earnings per share. Edison International’s revenue was down 6.5% compared to the same quarter last year. On average, equities analysts forecast that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th were given a dividend of $0.8275 per share. The ex-dividend date was Monday, April 7th. This represents a $3.31 annualized dividend and a yield of 5.65%. Edison International’s dividend payout ratio (DPR) is presently 46.95%.

Wall Street Analyst Weigh In

EIX has been the topic of a number of research analyst reports. Barclays boosted their target price on Edison International from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group decreased their target price on Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. UBS Group upgraded 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, Mizuho decreased their target price 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. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $76.96.

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.