Barrow Hanley Mewhinney & Strauss LLC Increases Position in Edison International (NYSE:EIX)

Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Edison International (NYSE:EIX) by 7.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 358,176 shares of the utilities provider’s stock after purchasing an additional 23,631 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Edison International were worth $28,597,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EIX. Crews Bank & Trust bought a new stake in Edison International during the 4th quarter valued at about $25,000. Groupama Asset Managment lifted its stake in shares of Edison International by 0.8% in the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after buying an additional 237 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Edison International by 125.0% during the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after buying an additional 195 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Edison International during the fourth quarter valued at approximately $33,000. Finally, ST Germain D J Co. Inc. lifted its position in Edison International by 88.1% in the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on EIX. Mizuho reduced their target price on Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Barclays reduced their price objective on Edison International from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Morgan Stanley upped their target price on shares of Edison International from $48.00 to $52.00 and gave the company an “underweight” rating in a research note on Thursday, March 20th. Wells Fargo & Company reduced their price target on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Finally, LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective on the stock in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Edison International currently has a consensus rating of “Moderate Buy” and an average price target of $76.82.

Edison International Stock Up 1.6 %

NYSE EIX opened at $58.20 on Monday. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $22.41 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. The stock’s 50-day moving average price is $55.00 and its 200-day moving average price is $72.42.

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

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be paid a $0.8275 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.69%. Edison International’s payout ratio is presently 100.30%.

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.