Edison International (NYSE:EIX) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors boosted its holdings in Edison International (NYSE:EIX) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,812 shares of the utilities provider’s stock after buying an additional 3,040 shares during the quarter. Captrust Financial Advisors’ holdings in Edison International were worth $1,662,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EIX. Crews Bank & Trust acquired a new position in Edison International in the 4th quarter worth approximately $25,000. Sierra Ocean LLC acquired a new position in Edison International in the 4th quarter worth approximately $33,000. Raleigh Capital Management Inc. boosted its stake in Edison International by 285.3% in the 4th quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 311 shares during the period. Bellwether Advisors LLC acquired a new position in Edison International in the 4th quarter worth approximately $34,000. Finally, OFI Invest Asset Management acquired a new position in Edison International in the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EIX shares. Barclays raised their price objective on shares of Edison International from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. The Goldman Sachs Group decreased their price objective on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Morgan Stanley reissued an “overweight” rating on shares of Edison International in a research note on Wednesday, April 23rd. Mizuho dropped their price target on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Finally, LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $76.96.

Edison International Stock Down 0.6%

EIX stock opened at $56.22 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. Edison International has a 1 year low of $49.06 and a 1 year high of $88.77. The company has a fifty day simple moving average of $56.75 and a 200 day simple moving average of $65.73. The firm has a market cap of $21.63 billion, a PE ratio of 16.49, a PEG ratio of 1.07 and a beta of 0.77.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the business earned $1.13 EPS. Edison International’s quarterly revenue was down 6.5% compared to the same quarter last year. Sell-side analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th were given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend was Monday, April 7th. Edison International’s dividend payout ratio is 46.95%.

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.