Lindbrook Capital LLC Acquires 270 Shares of Edison International (NYSE:EIX)

Lindbrook Capital LLC increased its holdings in Edison International (NYSE:EIX) by 40.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 942 shares of the utilities provider’s stock after buying an additional 270 shares during the period. Lindbrook Capital LLC’s holdings in Edison International were worth $67,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. abrdn plc raised its stake in Edison International by 97.8% in the fourth quarter. abrdn plc now owns 199,382 shares of the utilities provider’s stock worth $14,254,000 after buying an additional 98,591 shares in the last quarter. Institute for Wealth Management LLC. acquired a new position in shares of Edison International during the fourth quarter worth $208,000. Fidelis Capital Partners LLC increased its position in shares of Edison International by 11.2% during the fourth quarter. Fidelis Capital Partners LLC now owns 8,245 shares of the utilities provider’s stock worth $589,000 after purchasing an additional 829 shares in the last quarter. Xponance Inc. increased its position in shares of Edison International by 5.1% during the fourth quarter. Xponance Inc. now owns 51,612 shares of the utilities provider’s stock worth $3,690,000 after purchasing an additional 2,525 shares in the last quarter. Finally, SFE Investment Counsel increased its position in shares of Edison International by 1.3% during the fourth quarter. SFE Investment Counsel now owns 33,320 shares of the utilities provider’s stock worth $2,382,000 after purchasing an additional 430 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

Shares of EIX opened at $71.12 on Friday. The business’s 50-day moving average is $68.91 and its two-hundred day moving average is $67.65. The company has a market capitalization of $27.36 billion, a P/E ratio of 22.79 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 has a fifty-two week low of $58.82 and a fifty-two week high of $74.92.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.12. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $4.19 billion. Edison International had a return on equity of 12.63% and a net margin of 8.35%. During the same period last year, the firm earned $1.14 EPS. Research analysts predict that Edison International will post 4.94 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 4.39%. The ex-dividend date is Wednesday, March 27th. Edison International’s dividend payout ratio is currently 100.00%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EIX. Mizuho reduced their price target on Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Royal Bank of Canada dropped their price objective on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Guggenheim raised shares of Edison International from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $84.00 in a report on Monday, January 22nd. Barclays boosted their price objective 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, The Goldman Sachs Group started coverage on shares of Edison International in a report on Wednesday, April 10th. They set a “neutral” rating and a $78.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Edison International presently has an average rating of “Hold” and an average target price of $73.60.

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.