Voya Financial Advisors Inc. Decreases Stock Holdings in Edison International (NYSE:EIX)

Voya Financial Advisors Inc. lowered its position in shares of Edison International (NYSE:EIX) by 36.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,718 shares of the utilities provider’s stock after selling 4,939 shares during the period. Voya Financial Advisors Inc.’s holdings in Edison International were worth $695,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Crews Bank & Trust purchased a new position in shares of Edison International in the 4th quarter valued at $25,000. Sierra Ocean LLC purchased a new position in shares of Edison International during the fourth quarter worth about $33,000. ST Germain D J Co. Inc. increased its position in shares of Edison International by 88.1% during the fourth quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Edison International by 285.3% in the 4th quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 311 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Edison International by 171.5% in the 4th quarter. Versant Capital Management Inc now owns 448 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 283 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Guggenheim lowered Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Mizuho dropped 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 note on Monday, March 3rd. Wells Fargo & Company cut their target price on Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a research note on Wednesday, January 15th. Finally, UBS Group upgraded Edison International from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.75.

Edison International Stock Down 0.4 %

Shares of NYSE:EIX opened at $57.95 on Friday. The company has a market capitalization of $22.31 billion, a P/E ratio of 16.99, a P/E/G ratio of 1.07 and a beta of 0.74. The stock’s fifty day simple moving average is $56.12 and its 200-day simple moving average is $68.25. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX) last released its quarterly earnings results 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 analyst estimates of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. As a group, equities research analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 5.71%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio (DPR) is 100.30%.

About Edison International

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.