Edison International (NYSE:EIX) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its position in shares of Edison International (NYSE:EIX) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 70,066 shares of the utilities provider’s stock after selling 397 shares during the quarter. Great Lakes Advisors LLC’s holdings in Edison International were worth $5,594,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EIX. Crews Bank & Trust purchased a new stake in shares of Edison International during the 4th quarter worth approximately $25,000. Groupama Asset Managment raised its stake in 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 acquiring an additional 237 shares in the last quarter. Larson Financial Group LLC raised its stake in 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 acquiring an additional 195 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in Edison International in the third quarter valued at $32,000. Finally, Sierra Ocean LLC acquired a new position in Edison International in the fourth quarter valued at $33,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EIX. Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. UBS Group upgraded shares of Edison International from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. 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 report on Friday, February 28th. Morgan Stanley lowered their price objective 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. Finally, Barclays reduced their target price on shares of Edison International from $67.00 to $65.00 and set an “overweight” rating for the company 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.54.

Edison International Price Performance

Shares of EIX opened at $55.86 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The stock’s 50 day moving average is $57.02 and its two-hundred day moving average is $74.75. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The firm has a market capitalization of $21.51 billion, a PE ratio of 16.38, a P/E/G ratio of 1.07 and a beta of 0.87.

Edison International (NYSE:EIX) last posted its quarterly 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 business had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Research analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be issued a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.93%. Edison International’s dividend 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.