Centiva Capital LP Acquires 4,211 Shares of Edison International (NYSE:EIX)

Centiva Capital LP increased its holdings in Edison International (NYSE:EIX) by 117.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,800 shares of the utilities provider’s stock after acquiring an additional 4,211 shares during the quarter. Centiva Capital LP’s holdings in Edison International were worth $623,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Swedbank AB raised its holdings in Edison International by 3.3% during the 4th quarter. Swedbank AB now owns 523,433 shares of the utilities provider’s stock valued at $41,791,000 after buying an additional 16,614 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of Edison International during the fourth quarter valued at about $235,000. KBC Group NV boosted its holdings in shares of Edison International by 23.7% during the fourth quarter. KBC Group NV now owns 61,342 shares of the utilities provider’s stock worth $4,898,000 after purchasing an additional 11,764 shares during the period. abrdn plc grew its stake in shares of Edison International by 19.5% in the fourth quarter. abrdn plc now owns 1,695,182 shares of the utilities provider’s stock worth $134,335,000 after purchasing an additional 276,656 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Edison International by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,416,770 shares of the utilities provider’s stock valued at $192,955,000 after purchasing an additional 76,654 shares during the period. 88.95% of the stock is owned by institutional investors.

Edison International Trading Up 0.1 %

NYSE EIX opened at $56.20 on Friday. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. 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 fifty day moving average price is $56.70 and its 200-day moving average price is $66.26. The stock has a market cap of $21.62 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.07 and a beta of 0.77.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $4.29 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Edison International’s revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business earned $1.13 EPS. As a group, equities analysts forecast that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th were paid a dividend of $0.8275 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a $3.31 annualized dividend and a yield of 5.89%. Edison International’s dividend payout ratio is 46.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price objective on Edison International from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Mizuho reduced their price objective on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. The Goldman Sachs Group dropped their target price on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Morgan Stanley reiterated an “overweight” rating on shares of Edison International in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Edison International presently has an average rating of “Moderate Buy” and an average price target of $76.96.

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.