Edison International (NYSE:EIX) Stock Holdings Trimmed by IFP Advisors Inc

IFP Advisors Inc decreased its holdings in Edison International (NYSE:EIX) by 87.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,767 shares of the utilities provider’s stock after selling 12,049 shares during the quarter. IFP Advisors Inc’s holdings in Edison International were worth $141,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of EIX. FMR LLC raised its holdings in Edison International by 8.7% during the third quarter. FMR LLC now owns 21,800,874 shares of the utilities provider’s stock worth $1,898,638,000 after purchasing an additional 1,741,835 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Edison International by 117.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 781,736 shares of the utilities provider’s stock worth $68,081,000 after buying an additional 422,752 shares in the last quarter. AustralianSuper Pty Ltd acquired a new stake in shares of Edison International in the fourth quarter valued at $31,877,000. Miller Howard Investments Inc. NY lifted its holdings in shares of Edison International by 565.5% in the fourth quarter. Miller Howard Investments Inc. NY now owns 343,190 shares of the utilities provider’s stock valued at $27,400,000 after buying an additional 291,619 shares during the period. Finally, abrdn plc boosted its stake in Edison International by 19.5% during the fourth quarter. abrdn plc now owns 1,695,182 shares of the utilities provider’s stock valued at $134,335,000 after buying an additional 276,656 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Trading Down 0.7 %

Shares of NYSE EIX opened at $54.88 on Wednesday. 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 has a one year low of $49.06 and a one year high of $88.77. The business has a 50-day moving average price of $60.38 and a two-hundred day moving average price of $76.01. The firm has a market capitalization of $21.25 billion, a PE ratio of 16.09, a PEG ratio of 1.07 and a beta of 0.90.

Edison International (NYSE:EIX) last announced 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 company had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $3.92 billion. As a group, analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be issued a dividend of $0.8275 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 6.03%. Edison International’s dividend payout ratio is 100.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EIX shares. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and cut their price target for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Jefferies Financial Group started coverage on shares of Edison International in a research note on Thursday, November 7th. They set a “buy” rating and a $93.00 target price for the company. Morgan Stanley decreased their price target on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a research report on Friday, February 14th. Barclays cut their price objective on Edison International from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday. Finally, LADENBURG THALM/SH SH upgraded 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given 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 $76.54.

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.