Proficio Capital Partners LLC Makes New $6.86 Million Investment in Edison International (NYSE:EIX)

Proficio Capital Partners LLC purchased a new position in shares of Edison International (NYSE:EIX) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 85,908 shares of the utilities provider’s stock, valued at approximately $6,859,000.

Several other institutional investors have also recently made changes to their positions in EIX. Crews Bank & Trust acquired a new position in shares of Edison International during the 4th quarter worth approximately $25,000. Groupama Asset Managment increased its position in shares of Edison International by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 237 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 195 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Edison International during the 3rd quarter worth approximately $32,000. Finally, Sierra Ocean LLC acquired a new position in shares of Edison International during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EIX. Guggenheim lowered Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Wells Fargo & Company decreased their target price on Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. LADENBURG THALM/SH SH raised 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. UBS Group raised 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 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 report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Edison International currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.54.

Edison International Stock Performance

NYSE:EIX opened at $57.01 on Monday. The stock has a fifty day moving average price of $56.56 and a 200-day moving average price of $74.41. The company has a market cap of $21.95 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.07 and a beta of 0.87. 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 has a fifty-two week low of $49.06 and a fifty-two week high of $88.77.

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

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be given a dividend of $0.8275 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.81%. Edison International’s payout ratio is 100.30%.

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.