745 Shares in Edison International (NYSE:EIX) Acquired by CVA Family Office LLC

CVA Family Office LLC purchased a new position in Edison International (NYSE:EIX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 745 shares of the utilities provider’s stock, valued at approximately $53,000.

A number of other large investors also recently added to or reduced their stakes in EIX. Norges Bank purchased a new stake in shares of Edison International during the 4th quarter worth approximately $222,895,000. Deutsche Bank AG raised 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 worth $272,725,000 after acquiring an additional 3,132,877 shares in the last quarter. Invesco Ltd. raised its holdings in shares of 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 acquiring an additional 1,541,989 shares in the last quarter. Morgan Stanley raised its holdings in shares of 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 acquiring an additional 1,345,379 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Edison International by 2.6% during the 2nd 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 in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EIX. Barclays increased their price target on Edison International from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. Guggenheim upgraded Edison International from a “neutral” rating to a “buy” rating and increased their price target for the company from $66.00 to $84.00 in a report on Monday, January 22nd. Royal Bank of Canada decreased their price target on Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. StockNews.com raised Edison International from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th. Finally, TheStreet downgraded Edison International from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Edison International presently has an average rating of “Hold” and a consensus target price of $73.50.

Edison International Price Performance

EIX opened at $69.39 on Thursday. Edison International has a 12-month low of $58.82 and a 12-month high of $74.92. 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 business’s fifty day simple moving average is $67.53 and its 200-day simple moving average is $67.19. The company has a market capitalization of $26.69 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 2.30 and a beta of 0.96.

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

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Wednesday, March 27th. Edison International’s 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.