Edison International (NYSE:EIX) Shares Sold by Twin City Private Wealth LLC

Twin City Private Wealth LLC lowered its position in shares of Edison International (NYSE:EIX) by 31.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,182 shares of the utilities provider’s stock after selling 7,420 shares during the period. Twin City Private Wealth LLC’s holdings in Edison International were worth $1,292,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Jamison Private Wealth Management Inc. increased its position in shares of Edison International by 2.6% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider’s stock worth $550,000 after purchasing an additional 174 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of Edison International by 2.9% during the fourth quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider’s stock worth $503,000 after purchasing an additional 176 shares in the last quarter. Old Port Advisors increased its position in shares of Edison International by 0.9% during the fourth quarter. Old Port Advisors now owns 19,292 shares of the utilities provider’s stock worth $1,540,000 after purchasing an additional 180 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Edison International by 125.0% during the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 195 shares in the last quarter. Finally, Centre Asset Management LLC increased its position in shares of Edison International by 8.1% during the fourth quarter. Centre Asset Management LLC now owns 2,656 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 199 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on EIX shares. Guggenheim cut Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Wells Fargo & Company lowered their price target on Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Morgan Stanley raised their price target on Edison International from $48.00 to $52.00 and gave the stock an “underweight” rating in a report on Thursday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $72.00 price target on shares of Edison International in a report on Wednesday, February 12th. Finally, Mizuho lowered their price target on 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 issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Edison International currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.82.

Edison International Price Performance

Shares of EIX opened at $58.32 on Monday. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The stock’s 50 day moving average is $55.24 and its two-hundred day moving average is $73.41. The firm has a market capitalization of $22.45 billion, a PE ratio of 17.10, a P/E/G ratio of 1.07 and a beta of 0.87. 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 (NYSE:EIX) last announced its quarterly earnings data 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). The business had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Research analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 5.68%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio (DPR) is 100.30%.

About Edison International

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.