Fidelis Capital Partners LLC Raises Position in Edison International (NYSE:EIX)

Fidelis Capital Partners LLC increased its holdings in Edison International (NYSE:EIX) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,159 shares of the utilities provider’s stock after buying an additional 655 shares during the period. Fidelis Capital Partners LLC’s holdings in Edison International were worth $1,130,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EIX. Crews Bank & Trust purchased a new stake in shares of Edison International during the 4th quarter valued at $25,000. Larson Financial Group LLC raised its position in Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 195 shares during the period. Prospera Private Wealth LLC purchased a new position in Edison International in the 3rd quarter worth $32,000. Darwin Wealth Management LLC purchased a new position in shares of Edison International in the third quarter valued at about $35,000. Finally, Sierra Ocean LLC purchased a new position in shares of Edison International in the fourth quarter valued at about $33,000. 88.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EIX shares. Wells Fargo & Company cut their target price on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday. Mizuho dropped their target price 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. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price on the stock in a research note on Wednesday, January 15th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $72.00 price objective on shares of Edison International in a report on Wednesday, February 12th. Finally, Barclays reduced their target price on shares of Edison International from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.25.

Edison International Trading Up 1.7 %

NYSE EIX opened at $55.34 on Tuesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The company has a market capitalization of $21.42 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90. The company’s 50-day simple moving average is $60.89 and its two-hundred day simple moving average is $76.21. Edison International has a one year low of $49.06 and a one year high of $88.77.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). The business had revenue of $17.60 billion for 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%. Equities analysts forecast that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

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 issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date of this dividend is Monday, April 7th. Edison International’s dividend payout ratio is currently 100.30%.

Edison International Company 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.