Kestra Private Wealth Services LLC Buys 11,204 Shares of Edison International (NYSE:EIX)

Kestra Private Wealth Services LLC lifted its stake in Edison International (NYSE:EIX) by 169.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,800 shares of the utilities provider’s stock after acquiring an additional 11,204 shares during the period. Kestra Private Wealth Services LLC’s holdings in Edison International were worth $1,273,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in EIX. First Trust Direct Indexing L.P. grew its holdings in Edison International by 2.5% during the third quarter. First Trust Direct Indexing L.P. now owns 6,604 shares of the utilities provider’s stock valued at $418,000 after purchasing an additional 162 shares during the last quarter. Axxcess Wealth Management LLC boosted its holdings in shares of Edison International by 2.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 6,461 shares of the utilities provider’s stock worth $409,000 after buying an additional 164 shares during the period. CarsonAllaria Wealth Management Ltd. grew its stake in Edison International by 3.9% in the 3rd quarter. CarsonAllaria Wealth Management Ltd. now owns 4,432 shares of the utilities provider’s stock valued at $281,000 after buying an additional 165 shares during the last quarter. Greenleaf Trust raised its holdings in Edison International by 2.9% in the 3rd quarter. Greenleaf Trust now owns 6,481 shares of the utilities provider’s stock worth $410,000 after acquiring an additional 185 shares during the period. Finally, Cable Hill Partners LLC lifted its position in Edison International by 6.0% during the 3rd quarter. Cable Hill Partners LLC now owns 3,336 shares of the utilities provider’s stock worth $211,000 after acquiring an additional 190 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EIX has been the topic of several research analyst reports. StockNews.com raised Edison International from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th. Royal Bank of Canada lowered their target price on Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Mizuho dropped their price target on Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Guggenheim raised Edison International from a “neutral” rating to a “buy” rating and increased their price objective for the company from $66.00 to $84.00 in a research report on Monday, January 22nd. Finally, Barclays raised their price objective on shares of Edison International from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Edison International has a consensus rating of “Hold” and an average target price of $74.10.

Edison International Stock Up 0.5 %

NYSE EIX opened at $72.34 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.73 and a debt-to-equity ratio of 2.04. The company has a market capitalization of $27.83 billion, a price-to-earnings ratio of 31.73 and a beta of 0.95. Edison International has a 1-year low of $58.82 and a 1-year high of $74.40. The stock’s 50 day moving average is $69.33 and its two-hundred day moving average is $67.89.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.01. Edison International had a return on equity of 12.48% and a net margin of 6.14%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period in the prior year, the company posted $1.09 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts forecast that Edison International will post 4.92 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.78 per share. The ex-dividend date was Wednesday, March 27th. This represents a $3.12 annualized dividend and a yield of 4.31%. Edison International’s dividend payout ratio is 136.84%.

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.