Benjamin F. Edwards & Company Inc. Has $786,000 Stake in Edison International (NYSE:EIX)

Benjamin F. Edwards & Company Inc. grew its holdings in Edison International (NYSE:EIX) by 258.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,001 shares of the utilities provider’s stock after acquiring an additional 7,932 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Edison International were worth $786,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Ausbil Investment Management Ltd boosted its stake in Edison International by 54.7% in the 4th quarter. Ausbil Investment Management Ltd now owns 135,099 shares of the utilities provider’s stock worth $9,658,000 after purchasing an additional 47,784 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Edison International during the fourth quarter worth about $11,734,000. California Public Employees Retirement System grew its holdings in shares of Edison International by 62.1% during the fourth quarter. California Public Employees Retirement System now owns 1,514,003 shares of the utilities provider’s stock worth $108,236,000 after buying an additional 580,117 shares in the last quarter. Metis Global Partners LLC raised its position in Edison International by 1.5% in the 3rd quarter. Metis Global Partners LLC now owns 56,588 shares of the utilities provider’s stock valued at $3,581,000 after buying an additional 834 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in Edison International by 1.3% in the 4th quarter. Mackenzie Financial Corp now owns 422,747 shares of the utilities provider’s stock valued at $30,222,000 after acquiring an additional 5,220 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on EIX shares. Mizuho lowered their price target on shares of Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Guggenheim raised 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 research report on Monday, January 22nd. Royal Bank of Canada lowered their price target on Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Barclays increased their price objective on Edison International from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, May 2nd. Finally, The Goldman Sachs Group initiated coverage on shares of Edison International in a report on Wednesday, April 10th. They set a “neutral” rating and a $78.00 target price on the stock. One investment 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $72.78.

Edison International Trading Up 1.2 %

Shares of Edison International stock opened at $73.87 on Wednesday. Edison International has a 52-week low of $58.82 and a 52-week high of $74.40. The stock has a market cap of $28.42 billion, a PE ratio of 32.40 and a beta of 0.95. The firm has a 50-day moving average of $69.67 and a 200-day moving average of $68.10. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.93 and a current ratio of 1.00.

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

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend was Wednesday, March 27th. Edison International’s payout ratio is currently 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.