Capital International Inc. CA Reduces Stock Holdings in Edison International (NYSE:EIX)

Capital International Inc. CA lessened its stake in shares of Edison International (NYSE:EIX) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,147 shares of the utilities provider’s stock after selling 1,612 shares during the quarter. Capital International Inc. CA’s holdings in Edison International were worth $2,088,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EIX. Barclays PLC boosted its stake in Edison International by 16.9% in the third quarter. Barclays PLC now owns 918,489 shares of the utilities provider’s stock valued at $79,991,000 after acquiring an additional 132,749 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Edison International in the 3rd quarter valued at about $1,791,000. World Investment Advisors LLC purchased a new position in Edison International during the 3rd quarter worth approximately $221,000. Wilmington Savings Fund Society FSB purchased a new position in Edison International during the 3rd quarter worth approximately $188,000. Finally, Tidal Investments LLC increased its position in Edison International by 2.6% during the third 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 period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analysts Set New Price Targets

EIX has been the subject of several research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $72.00 price objective on shares of Edison International in a report on Wednesday, February 12th. The Goldman Sachs Group lowered their price objective on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Barclays dropped their price objective on shares of Edison International from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley raised their price target on Edison International from $48.00 to $52.00 and gave the stock an “underweight” rating in a report on Thursday, March 20th. Finally, LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Edison International currently has an average rating of “Moderate Buy” and an average target price of $76.75.

Edison International Trading Up 1.8 %

NYSE:EIX opened at $57.37 on Monday. Edison International has a 1 year low of $49.06 and a 1 year high of $88.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The stock has a fifty day moving average price of $55.47 and a two-hundred day moving average price of $68.98. The stock has a market capitalization of $22.09 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 1.07 and a beta of 0.74.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). The company had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. As a group, sell-side analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend is Monday, April 7th. Edison International’s dividend payout ratio is currently 100.30%.

About Edison International

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.