Edison International (NYSE:EIX) Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA decreased its holdings in shares of Edison International (NYSE:EIX) by 48.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,335 shares of the utilities provider’s stock after selling 5,000 shares during the period. Everett Harris & Co. CA’s holdings in Edison International were worth $381,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in EIX. Norges Bank purchased a new position in Edison International in the fourth quarter valued at about $222,895,000. Deutsche Bank AG lifted its holdings in shares of Edison International by 266.3% during the 3rd quarter. Deutsche Bank AG now owns 4,309,133 shares of the utilities provider’s stock valued at $272,725,000 after acquiring an additional 3,132,877 shares in the last quarter. Invesco Ltd. increased its stake in Edison International by 36.8% during the 1st quarter. Invesco Ltd. now owns 5,732,894 shares of the utilities provider’s stock worth $401,877,000 after buying an additional 1,541,989 shares during the period. Morgan Stanley increased its stake in Edison International by 33.5% during the 4th quarter. Morgan Stanley now owns 5,362,970 shares of the utilities provider’s stock worth $341,192,000 after buying an additional 1,345,379 shares during the period. Finally, BlackRock Inc. raised its stake in Edison International by 2.6% during the second quarter. BlackRock Inc. now owns 37,085,024 shares of the utilities provider’s stock worth $2,575,555,000 after acquiring an additional 946,430 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

EIX has been the topic of several research reports. Barclays increased their price objective on shares of Edison International from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Guggenheim upgraded shares of Edison International from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $66.00 to $84.00 in a research note on Monday, January 22nd. TheStreet lowered shares of Edison International from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. StockNews.com upgraded shares of Edison International from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th. Finally, Mizuho decreased their target price on shares of Edison International from $76.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Edison International has an average rating of “Hold” and a consensus price target of $73.50.

Edison International Price Performance

EIX stock traded up $1.33 during trading on Thursday, hitting $70.73. 1,897,597 shares of the stock traded hands, compared to its average volume of 2,330,999. Edison International has a one year low of $58.82 and a one year high of $74.92. The stock has a market cap of $27.21 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 2.30 and a beta of 0.96. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 1.86. The company has a 50 day simple moving average of $67.53 and a 200 day simple moving average of $67.21.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. Edison International had a net margin of 8.35% and a return on equity of 12.63%. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. Equities analysts expect that Edison International will post 4.98 EPS for the current fiscal year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Wednesday, March 27th. Edison International’s dividend payout ratio is currently 100.00%.

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.