Commonwealth Equity Services LLC Increases Stock Holdings in Edison International (NYSE:EIX)

Commonwealth Equity Services LLC raised its holdings in Edison International (NYSE:EIX) by 0.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 107,053 shares of the utilities provider’s stock after acquiring an additional 536 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Edison International were worth $8,547,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EIX. Crews Bank & Trust purchased a new position in shares of Edison International in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC raised its holdings in shares of Edison International by 125.0% in the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after buying an additional 195 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Edison International during the third quarter worth $32,000. Darwin Wealth Management LLC purchased a new stake in shares of Edison International during the third quarter valued at $35,000. Finally, Sierra Ocean LLC acquired a new position in shares of Edison International in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Down 0.3 %

EIX opened at $58.53 on Thursday. The company has a fifty day moving average of $55.58 and a two-hundred day moving average of $73.91. 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. The stock has a market capitalization of $22.54 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.07 and a beta of 0.87.

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

Edison International Announces Dividend

The company 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 $0.8275 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.66%. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

Wall Street Analyst Weigh In

EIX has been the subject of a number of research reports. The Goldman Sachs Group lowered their price target on Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Barclays dropped their target price on Edison International from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $72.00 price target on shares of Edison International in a research report on Wednesday, February 12th. Wells Fargo & Company dropped their price objective on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Finally, Guggenheim cut shares of Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.54.

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.