Edison International (NYSE:EIX) Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA lessened its stake in shares of Edison International (NYSE:EIX) by 48.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,335 shares of the utilities provider’s stock after selling 5,000 shares during the period. Everett Harris & Co. CA’s holdings in Edison International were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. RVW Wealth LLC acquired a new stake in Edison International in the 3rd quarter valued at about $25,000. Bruce G. Allen Investments LLC acquired a new stake in Edison International in the 4th quarter valued at about $27,000. WASHINGTON TRUST Co raised its holdings in Edison International by 117.4% in the 4th quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 270 shares during the last quarter. Ancora Advisors LLC acquired a new stake in Edison International in the 1st quarter valued at about $41,000. Finally, Lindbrook Capital LLC raised its holdings in Edison International by 144.4% in the 3rd quarter. Lindbrook Capital LLC now owns 672 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 397 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on EIX. Mizuho cut their price objective on shares of Edison International from $76.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Barclays raised their price target on shares of Edison International from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. TheStreet downgraded shares of Edison International from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Guggenheim upgraded shares of Edison International from a “neutral” rating to a “buy” rating and raised their price target for the stock from $66.00 to $84.00 in a report on Monday, January 22nd. Finally, Royal Bank of Canada cut their price target on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $73.50.

Edison International Stock Up 1.9 %

Shares of Edison International stock traded up $1.33 during trading on Thursday, hitting $70.73. 1,897,597 shares of the stock were exchanged, compared to its average volume of 2,330,999. The stock has a market cap of $27.21 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 2.30 and a beta of 0.96. The firm’s 50-day moving average price is $67.53 and its 200 day moving average price is $67.21. Edison International has a 12-month low of $58.82 and a 12-month high of $74.92. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.79 and a quick ratio of 0.73.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.12. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Edison International had a net margin of 8.35% and a return on equity of 12.63%. During the same period in the previous year, the company earned $1.14 EPS. As a group, analysts forecast that Edison International will post 4.98 earnings per share 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. Shareholders of record on Thursday, March 28th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.12 dividend on an annualized basis and a yield of 4.41%. Edison International’s dividend payout ratio is presently 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.