Centre Asset Management LLC lessened its holdings in shares of Edison International (NYSE:EIX) by 72.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,360 shares of the utilities provider’s stock after selling 11,570 shares during the quarter. Centre Asset Management LLC’s holdings in Edison International were worth $329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp increased its position in Edison International by 5.7% during the third quarter. State Street Corp now owns 26,002,843 shares of the utilities provider’s stock worth $1,976,858,000 after buying an additional 1,411,050 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Edison International by 111.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 8,763,168 shares of the utilities provider’s stock valued at $590,725,000 after purchasing an additional 4,625,141 shares during the last quarter. Boston Partners grew its position in shares of Edison International by 51.2% in the third quarter. Boston Partners now owns 7,020,853 shares of the utilities provider’s stock valued at $528,977,000 after purchasing an additional 2,376,347 shares during the last quarter. Pictet Asset Management Ltd. grew its position in shares of Edison International by 48.8% in the third quarter. Pictet Asset Management Ltd. now owns 3,727,530 shares of the utilities provider’s stock valued at $281,130,000 after purchasing an additional 1,222,955 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Edison International by 48.3% in the second quarter. Invesco Ltd. now owns 2,437,403 shares of the utilities provider’s stock valued at $164,304,000 after buying an additional 794,237 shares during the period. 87.25% of the stock is currently owned by hedge funds and other institutional investors.

NYSE EIX traded down $0.34 on Tuesday, reaching $75.03. The company had a trading volume of 2,325,800 shares, compared to its average volume of 1,722,644. The firm has a market cap of $26.98 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 3.04 and a beta of 0.11. Edison International has a fifty-two week low of $53.40 and a fifty-two week high of $76.82. The business has a 50 day moving average of $73.29 and a two-hundred day moving average of $71.47. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.78 and a quick ratio of 0.72.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.03). Edison International had a negative net margin of 1.60% and a positive return on equity of 11.98%. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the previous year, the company earned $1.57 earnings per share. As a group, research analysts predict that Edison International will post 4.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.6375 per share. This is an increase from Edison International’s previous quarterly dividend of $0.61. This represents a $2.55 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Monday, December 30th. Edison International’s dividend payout ratio (DPR) is presently 61.45%.

Several equities research analysts have weighed in on EIX shares. Citigroup restated a “buy” rating and set a $81.00 target price (up from $78.00) on shares of Edison International in a research note on Wednesday, September 18th. Zacks Investment Research downgraded Edison International from a “buy” rating to a “hold” rating and set a $78.00 price objective for the company. in a report on Tuesday, December 17th. Royal Bank of Canada increased their price objective on Edison International to $79.00 and gave the company an “outperform” rating in a report on Monday, September 30th. They noted that the move was a valuation call. UBS Group increased their price objective on Edison International from $83.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Finally, SunTrust Banks set a $83.00 price objective on Edison International and gave the company a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Edison International currently has a consensus rating of “Hold” and an average target price of $78.20.

Edison International Profile

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

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Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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