Edison International (NYSE:EIX) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its stake in shares of Edison International (NYSE:EIX) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 543,695 shares of the utilities provider’s stock after buying an additional 3,924 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.14% of Edison International worth $43,410,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EIX. Barclays PLC grew its stake in Edison International by 16.9% during the 3rd quarter. Barclays PLC now owns 918,489 shares of the utilities provider’s stock valued at $79,991,000 after purchasing an additional 132,749 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Edison International during the third quarter worth about $1,791,000. World Investment Advisors LLC purchased a new stake in Edison International in the third quarter valued at approximately $221,000. Wilmington Savings Fund Society FSB acquired a new position in Edison International in the 3rd quarter worth approximately $188,000. Finally, Tidal Investments LLC raised its position in Edison International by 2.6% during the 3rd quarter. Tidal Investments LLC now owns 18,719 shares of the utilities provider’s stock worth $1,630,000 after buying an additional 476 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EIX has been the topic of a number of research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $72.00 price objective on shares of Edison International in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their price objective 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 Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price on the stock in a research note on Wednesday, January 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of Edison International in a report on Wednesday, April 23rd. Finally, Mizuho decreased their price target on Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $76.75.

Edison International Trading Up 0.7 %

Shares of Edison International stock opened at $58.75 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The firm has a market capitalization of $22.62 billion, a PE ratio of 17.23, a P/E/G ratio of 1.07 and a beta of 0.74. The firm’s 50-day moving average price is $56.38 and its 200 day moving average price is $67.80.

Edison International (NYSE:EIX) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.13 earnings per share. On average, sell-side analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be paid a dividend of $0.8275 per share. The ex-dividend date is Monday, April 7th. This represents a $3.31 annualized dividend and a yield of 5.63%. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

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.