Edison International (NYSE:EIX) Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. trimmed its holdings in Edison International (NYSE:EIX) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 556,875 shares of the utilities provider’s stock after selling 4,504 shares during the quarter. Capital Group Private Client Services Inc. owned approximately 0.14% of Edison International worth $44,461,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC raised its holdings in shares of Edison International by 16.9% in the third quarter. Barclays PLC now owns 918,489 shares of the utilities provider’s stock valued at $79,991,000 after buying an additional 132,749 shares during the last quarter. Virtu Financial LLC acquired a new position in Edison International in the 3rd quarter valued at about $1,791,000. World Investment Advisors LLC purchased a new stake in Edison International during the 3rd quarter valued at approximately $221,000. Wilmington Savings Fund Society FSB acquired a new stake in Edison International during the 3rd quarter worth approximately $188,000. Finally, Tidal Investments LLC grew its stake in shares of Edison International by 2.6% in the 3rd quarter. Tidal Investments LLC now owns 18,719 shares of the utilities provider’s stock valued at $1,630,000 after purchasing an additional 476 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

NYSE:EIX opened at $57.37 on Friday. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The firm has a market cap of $22.09 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. The company’s 50-day moving average is $55.34 and its two-hundred day moving average is $69.44. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.03). The firm had revenue of $17.60 billion for 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 expect that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be given a dividend of $0.8275 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 annualized dividend and a yield of 5.77%. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

Analyst Ratings Changes

Several equities analysts have issued reports on EIX shares. Barclays dropped their price objective on shares of Edison International from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target for the company in a report on Wednesday, January 15th. Wells Fargo & Company lowered their price objective on Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. The Goldman Sachs Group cut their target price on Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Finally, Morgan Stanley lifted their price target on Edison International from $48.00 to $52.00 and gave the company an “underweight” rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.75.

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.