Edison International (NYSE:EIX) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Edison International (NYSE:EIX) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,983,519 shares of the utilities provider’s stock after buying an additional 362,999 shares during the period. Geode Capital Management LLC’s holdings in Edison International were worth $795,123,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. National Bank of Canada FI boosted its position in Edison International by 207.9% during the 4th quarter. National Bank of Canada FI now owns 698,939 shares of the utilities provider’s stock worth $55,807,000 after acquiring an additional 471,968 shares during the period. FSB Premier Wealth Management Inc. raised its stake in shares of Edison International by 5.2% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 4,403 shares of the utilities provider’s stock valued at $352,000 after purchasing an additional 217 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Edison International by 22.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 39,021 shares of the utilities provider’s stock worth $3,115,000 after purchasing an additional 7,152 shares during the period. CIBC Private Wealth Group LLC grew its position in Edison International by 5.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 13,126 shares of the utilities provider’s stock valued at $1,048,000 after buying an additional 722 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in Edison International by 7.1% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 358,176 shares of the utilities provider’s stock valued at $28,597,000 after buying an additional 23,631 shares during the period. 88.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on EIX shares. Morgan Stanley increased their price objective on shares of Edison International from $48.00 to $52.00 and gave the company an “underweight” rating in a report on Thursday, March 20th. Mizuho lowered their target price on Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and cut their price target for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. The Goldman Sachs Group decreased their price target 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. Finally, Guggenheim cut Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.82.

Edison International Trading Up 2.0 %

Shares of EIX stock opened at $59.92 on Thursday. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The company has a market cap of $23.07 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The business’s 50 day moving average is $54.89 and its two-hundred day moving average is $71.97.

Edison International (NYSE:EIX) last posted its 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 firm had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Equities analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be given a dividend of $0.8275 per share. The ex-dividend date is Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.52%. Edison International’s dividend payout ratio 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.