Edison International (NYSE:EIX) Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in Edison International (NYSE:EIX) by 73.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,638 shares of the utilities provider’s stock after selling 18,636 shares during the quarter. SG Americas Securities LLC’s holdings in Edison International were worth $530,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in EIX. Nisa Investment Advisors LLC boosted its stake in Edison International by 1.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 31,406 shares of the utilities provider’s stock worth $2,507,000 after purchasing an additional 524 shares during the period. Atomi Financial Group Inc. lifted its holdings in shares of Edison International by 6.0% in the fourth quarter. Atomi Financial Group Inc. now owns 4,620 shares of the utilities provider’s stock valued at $369,000 after purchasing an additional 260 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Edison International by 1.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 19,579 shares of the utilities provider’s stock valued at $1,563,000 after purchasing an additional 350 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Edison International by 18.6% in the fourth quarter. Ballentine Partners LLC now owns 2,733 shares of the utilities provider’s stock worth $218,000 after buying an additional 428 shares during the period. Finally, Ameritas Advisory Services LLC grew its holdings in shares of Edison International by 54.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 27,200 shares of the utilities provider’s stock valued at $2,172,000 after buying an additional 9,612 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EIX. Barclays dropped their target price on Edison International from $76.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company upped their price objective on shares of Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. UBS Group decreased their target price on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Guggenheim downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group assumed coverage on Edison International in a research report on Thursday, November 7th. They set a “buy” rating and a $93.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Edison International has a consensus rating of “Moderate Buy” and a consensus target price of $82.88.

Edison International Stock Performance

NYSE:EIX opened at $53.98 on Friday. The firm has a market capitalization of $20.90 billion, a PE ratio of 15.83, a PEG ratio of 1.15 and a beta of 0.93. Edison International has a 1 year low of $53.26 and a 1 year 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. The firm’s fifty day simple moving average is $74.80 and its 200 day simple moving average is $80.37.

Edison International (NYSE:EIX) last released its earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.13. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.01 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 EPS. On average, sell-side analysts anticipate that Edison International will post 4.94 EPS for the current year.

Edison International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 7th were paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.13%. This is a positive change from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Tuesday, January 7th. Edison International’s dividend payout ratio is presently 97.07%.

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.