Edison International (NYSE:EIX) Shares Acquired by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. boosted its holdings in Edison International (NYSE:EIX) by 27.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,115 shares of the utilities provider’s stock after buying an additional 243 shares during the period. SRS Capital Advisors Inc.’s holdings in Edison International were worth $89,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in shares of Edison International by 32.9% during the 3rd quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 157 shares during the period. Jamison Private Wealth Management Inc. increased its position in Edison International by 2.6% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider’s stock worth $550,000 after purchasing an additional 174 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Edison International by 2.9% in the 4th quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider’s stock valued at $503,000 after purchasing an additional 176 shares during the last quarter. Old Port Advisors grew its stake in shares of Edison International by 0.9% during the 4th quarter. Old Port Advisors now owns 19,292 shares of the utilities provider’s stock valued at $1,540,000 after buying an additional 180 shares during the period. Finally, Addison Advisors LLC increased its holdings in shares of Edison International by 19.3% during the 3rd quarter. Addison Advisors LLC now owns 1,201 shares of the utilities provider’s stock worth $105,000 after buying an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EIX. Jefferies Financial Group started coverage on Edison International in a research report on Thursday, November 7th. They set a “buy” rating and a $93.00 price target for the company. Morgan Stanley cut their price target on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a report on Friday, February 14th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $72.00 price objective on shares of Edison International in a research report on Wednesday, February 12th. UBS Group upgraded shares of Edison International from a “neutral” rating to a “buy” rating and reduced their target price for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Finally, Barclays lowered their price target on Edison International from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $76.54.

Edison International Trading Down 0.2 %

NYSE:EIX opened at $55.07 on Friday. Edison International has a one year low of $49.06 and a one year high of $88.77. The business’s 50-day simple moving average is $59.38 and its 200 day simple moving average is $75.72. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The stock has a market cap of $21.32 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (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 business had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. As a group, sell-side analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 6.01%. The ex-dividend date of this dividend is Monday, April 7th. Edison International’s dividend payout ratio is currently 100.30%.

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.