85,908 Shares in Edison International (NYSE:EIX) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Edison International (NYSE:EIX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 85,908 shares of the utilities provider’s stock, valued at approximately $6,859,000.

Several other hedge funds and other institutional investors have also modified their holdings of EIX. Pinnacle Associates Ltd. bought a new position in shares of Edison International during the 3rd quarter worth approximately $308,000. US Bancorp DE boosted its stake in Edison International by 1.2% in the third quarter. US Bancorp DE now owns 61,744 shares of the utilities provider’s stock worth $5,377,000 after purchasing an additional 743 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Edison International by 26.4% during the third quarter. Farther Finance Advisors LLC now owns 1,433 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 299 shares during the last quarter. Conning Inc. acquired a new stake in shares of Edison International in the third quarter valued at $235,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Edison International by 117.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 781,736 shares of the utilities provider’s stock worth $68,081,000 after acquiring an additional 422,752 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Trading Up 1.7 %

Shares of NYSE EIX opened at $55.34 on Tuesday. The company’s 50 day simple moving average is $60.89 and its 200 day simple moving average is $76.21. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The firm has a market capitalization of $21.42 billion, a P/E ratio of 16.23, a P/E/G ratio of 1.07 and a beta of 0.90. Edison International has a fifty-two week low of $49.06 and a fifty-two week high of $88.77.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.03). The firm had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. On average, analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be issued a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 annualized dividend and a yield of 5.98%. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $72.00 price target on shares of Edison International in a research note on Wednesday, February 12th. Barclays decreased their price target on shares of Edison International from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday. Wells Fargo & Company decreased their price target on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday. LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a research note on Wednesday, January 15th. Finally, UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and decreased their price target for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $77.25.

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.