Edison International (NYSE:EIX) Shares Purchased by Whittier Trust Co.

Whittier Trust Co. increased its position in shares of Edison International (NYSE:EIX) by 4.9% during the 4th quarter, HoldingsChannel reports. The fund owned 4,295 shares of the utilities provider’s stock after acquiring an additional 200 shares during the quarter. Whittier Trust Co.’s holdings in Edison International were worth $343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its position in shares of Edison International by 0.7% during the 3rd quarter. State Street Corp now owns 32,549,936 shares of the utilities provider’s stock valued at $2,834,774,000 after acquiring an additional 224,337 shares during the last quarter. FMR LLC boosted its position in shares of Edison International by 8.7% during the 3rd quarter. FMR LLC now owns 21,800,874 shares of the utilities provider’s stock valued at $1,898,638,000 after acquiring an additional 1,741,835 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Edison International by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 9,620,520 shares of the utilities provider’s stock valued at $835,142,000 after acquiring an additional 210,461 shares during the last quarter. Amundi boosted its position in shares of Edison International by 0.3% during the 4th quarter. Amundi now owns 3,118,404 shares of the utilities provider’s stock valued at $248,973,000 after acquiring an additional 10,396 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Edison International by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,620,122 shares of the utilities provider’s stock valued at $209,191,000 after acquiring an additional 32,391 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Down 1.0 %

EIX stock opened at $58.32 on Monday. The company’s 50 day moving average price is $55.24 and its 200 day moving average price is $73.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. Edison International has a fifty-two week low of $49.06 and a fifty-two week high of $88.77. The firm has a market capitalization of $22.45 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.07 and a beta of 0.87.

Edison International (NYSE:EIX) last released its 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 firm had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $3.92 billion. On average, equities research 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 will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be paid a dividend of $0.8275 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.68%. Edison International’s payout ratio is 100.30%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EIX. Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Morgan Stanley boosted 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. UBS Group upgraded shares of Edison International from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $72.00 price objective on shares of Edison International in a report on Wednesday, February 12th. Finally, Mizuho reduced their price objective on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. One investment 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. According to MarketBeat, Edison International presently has a consensus rating of “Moderate Buy” and an average price target of $76.82.

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.