Edison International (NYSE:EIX) Shares Sold by Strs Ohio

Strs Ohio reduced its holdings in shares of Edison International (NYSE:EIX) by 18.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 29,316 shares of the utilities provider’s stock after selling 6,435 shares during the period. Strs Ohio’s holdings in Edison International were worth $2,095,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EIX. RVW Wealth LLC acquired a new position in Edison International in the 3rd quarter valued at $25,000. Bruce G. Allen Investments LLC acquired a new position in shares of Edison International during the fourth quarter worth about $27,000. WASHINGTON TRUST Co raised its holdings in Edison International by 117.4% during the fourth quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 270 shares in the last quarter. Ancora Advisors LLC purchased a new position in Edison International during the first quarter worth about $41,000. Finally, Lindbrook Capital LLC lifted its position in Edison International by 144.4% in the third quarter. Lindbrook Capital LLC now owns 672 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 397 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on EIX shares. TheStreet cut Edison International from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. The Goldman Sachs Group assumed coverage on Edison International in a research report on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 price objective for the company. Mizuho decreased their target price on shares of Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Barclays increased their price target on shares of Edison International from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. Finally, StockNews.com raised shares of Edison International from a “sell” rating to a “hold” rating in a report on Saturday, February 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $73.60.

Edison International Stock Performance

Edison International stock opened at $69.93 on Friday. The stock has a fifty day moving average of $68.46 and a two-hundred day moving average of $67.39. Edison International has a fifty-two week low of $58.82 and a fifty-two week high of $74.92. The company has a market capitalization of $26.90 billion, a price-to-earnings ratio of 22.41 and a beta of 0.96. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.73 and a current ratio of 0.79.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Edison International had a net margin of 8.35% and a return on equity of 12.63%. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same quarter in the previous year, the business posted $1.14 earnings per share. On average, analysts anticipate that Edison International will post 5.01 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Wednesday, March 27th. Edison International’s dividend payout ratio is currently 100.00%.

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.