Aster Capital Management DIFC Ltd Purchases Shares of 3,198 Edison International (NYSE:EIX)

Aster Capital Management DIFC Ltd acquired a new stake in shares of Edison International (NYSE:EIX) in the fourth quarter, Holdings Channel.com reports. The firm acquired 3,198 shares of the utilities provider’s stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also modified their holdings of EIX. Crews Bank & Trust acquired a new stake in Edison International during the fourth quarter worth about $25,000. Groupama Asset Managment boosted its position in Edison International by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 237 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Edison International during the 4th quarter worth approximately $33,000. ST Germain D J Co. Inc. increased its holdings in shares of Edison International by 88.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Edison International by 285.3% in the 4th quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 311 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on EIX shares. Wells Fargo & Company dropped 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 report on Friday, February 28th. Guggenheim lowered Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $72.00 price target on shares of Edison International in a research report on Wednesday, February 12th. Morgan Stanley boosted their price objective on Edison International from $48.00 to $52.00 and gave the company an “underweight” rating in a research report on Thursday, March 20th. Finally, The Goldman Sachs Group decreased their target price on Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. 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 has a consensus rating of “Moderate Buy” and a consensus target price of $76.82.

Edison International Trading Down 2.2 %

Shares of EIX opened at $53.54 on Tuesday. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77. The stock has a market cap of $20.61 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. The firm’s fifty day moving average is $54.76 and its two-hundred day moving average is $71.24. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96.

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

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be given a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.18%. 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.