Douglass Winthrop Advisors LLC trimmed its position in shares of Edison International (NYSE:EIX) by 24.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,500 shares of the utilities provider’s stock after selling 1,742 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Edison International were worth $350,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EIX. Bank of Montreal Can increased its stake in shares of Edison International by 14.6% during the fourth quarter. Bank of Montreal Can now owns 538,843 shares of the utilities provider’s stock worth $34,077,000 after buying an additional 68,459 shares during the period. National Pension Service increased its stake in shares of Edison International by 4.2% during the fourth quarter. National Pension Service now owns 310,925 shares of the utilities provider’s stock worth $19,663,000 after buying an additional 12,644 shares during the period. Creative Planning increased its stake in shares of Edison International by 25.0% during the fourth quarter. Creative Planning now owns 23,913 shares of the utilities provider’s stock worth $1,512,000 after buying an additional 4,785 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Edison International by 2.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,155,073 shares of the utilities provider’s stock worth $73,047,000 after buying an additional 30,504 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Edison International by 41.4% during the fourth quarter. State of Alaska Department of Revenue now owns 71,865 shares of the utilities provider’s stock worth $4,542,000 after buying an additional 21,050 shares during the period. Hedge funds and other institutional investors own 85.08% of the company’s stock.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Edison International from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Citigroup reiterated a “hold” rating and issued a $66.00 price target on shares of Edison International in a research note on Monday, January 22nd. JPMorgan Chase increased their price target on shares of Edison International from $64.00 to $66.00 and gave the company a “hold” rating in a research note on Tuesday, April 10th. TheStreet lowered shares of Edison International from a “b-” rating to a “c” rating in a research note on Thursday, February 22nd. Finally, Morgan Stanley increased their price target on shares of Edison International from $69.00 to $72.00 and gave the company an “equal weight” rating in a research note on Monday, April 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $76.92.

EIX stock opened at $61.22 on Friday. The company has a market capitalization of $20.01 billion, a PE ratio of 14.69, a PEG ratio of 2.64 and a beta of 0.12. Edison International has a twelve month low of $61.31 and a twelve month high of $61.83. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.59.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, May 1st. The utilities provider reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.11). The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.49 billion. Edison International had a net margin of 4.38% and a return on equity of 10.22%. Edison International’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. sell-side analysts predict that Edison International will post 4.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Thursday, March 29th were issued a $0.605 dividend. This represents a $2.42 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Wednesday, March 28th. Edison International’s payout ratio is currently 53.78%.

About Edison International

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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