Edison International (NYSE:EIX) Holdings Trimmed by Calamos Advisors LLC

Calamos Advisors LLC cut its holdings in Edison International (NYSE:EIX) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,444 shares of the utilities provider’s stock after selling 1,208 shares during the quarter. Calamos Advisors LLC’s holdings in Edison International were worth $6,609,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EIX. Bruce G. Allen Investments LLC bought a new stake in shares of Edison International in the 4th quarter worth approximately $27,000. WASHINGTON TRUST Co increased its holdings in shares of Edison International by 117.4% in the fourth quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock valued at $36,000 after buying an additional 270 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Edison International by 61.4% in the first quarter. First Horizon Advisors Inc. now owns 615 shares of the utilities provider’s stock valued at $43,000 after buying an additional 234 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of Edison International by 144.4% during the 3rd quarter. Lindbrook Capital LLC now owns 672 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 397 shares during the last quarter. Finally, Ancora Advisors LLC bought a new stake in shares of Edison International during the 1st quarter worth $41,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EIX. Guggenheim raised Edison International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $84.00 in a research report on Monday, January 22nd. The Goldman Sachs Group began coverage on Edison International in a report on Wednesday, April 10th. They set a “neutral” rating and a $78.00 price objective on the stock. StockNews.com upgraded shares of Edison International from a “sell” rating to a “hold” rating in a report on Saturday, February 24th. TheStreet lowered shares of Edison International from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Finally, Mizuho reduced their price target 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 analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $73.60.

Edison International Stock Performance

EIX stock opened at $69.93 on Friday. The firm has a 50 day simple moving average of $68.46 and a 200 day simple moving average of $67.43. Edison International has a 52 week low of $58.82 and a 52 week high of $74.92. The stock has a market cap of $26.90 billion, a P/E ratio of 22.41 and a beta of 0.96. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.73 and a current ratio of 0.79.

Edison International (NYSE:EIX) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $4.19 billion. During the same quarter last year, the business posted $1.14 EPS. Research analysts anticipate that Edison International will post 4.98 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Wednesday, March 27th. Edison International’s payout ratio is 100.00%.

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.