Benjamin F. Edwards & Company Inc. Purchases 7,932 Shares of Edison International (NYSE:EIX)

Benjamin F. Edwards & Company Inc. raised its stake in shares of Edison International (NYSE:EIX) by 258.5% during the fourth quarter, HoldingsChannel reports. The firm owned 11,001 shares of the utilities provider’s stock after buying 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 quarter.

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

Edison International Stock Up 1.2 %

Shares of EIX stock opened at $73.87 on Wednesday. The stock’s fifty day moving average price is $69.67 and its 200 day moving average price is $68.10. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.00 and a quick ratio of 0.93. Edison International has a 1-year low of $58.82 and a 1-year high of $74.40. The company has a market cap of $28.42 billion, a price-to-earnings ratio of 32.40 and a beta of 0.95.

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

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date was Wednesday, March 27th. Edison International’s dividend payout ratio (DPR) is 136.84%.

Analyst Ratings Changes

EIX has been the subject of several analyst reports. Mizuho decreased their price objective on shares of Edison International from $76.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. TheStreet cut Edison International from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Royal Bank of Canada reduced their target price on Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Guggenheim raised shares of Edison International from a “neutral” rating to a “buy” rating and boosted their target price for the company from $66.00 to $84.00 in a research note on Monday, January 22nd. Finally, StockNews.com upgraded shares of Edison International from a “sell” rating to a “hold” rating in a report on Saturday, February 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $72.78.

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.