Carson Advisory Inc. Has $3.89 Million Stake in Edison International (NYSE:EIX)

Carson Advisory Inc. lessened its holdings in Edison International (NYSE:EIX) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,473 shares of the utilities provider’s stock after selling 1,231 shares during the quarter. Edison International accounts for approximately 3.0% of Carson Advisory Inc.’s investment portfolio, making the stock its 5th biggest position. Carson Advisory Inc.’s holdings in Edison International were worth $3,894,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EIX. Bruce G. Allen Investments LLC acquired a new position in Edison International in the fourth quarter valued at about $27,000. WASHINGTON TRUST Co raised its stake in Edison International by 117.4% in the fourth quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 270 shares in the last quarter. Lindbrook Capital LLC raised its stake in Edison International by 144.4% during the third quarter. Lindbrook Capital LLC now owns 672 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 397 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Edison International during the third quarter worth about $47,000. Finally, GAMMA Investing LLC acquired a new position in Edison International during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on EIX shares. StockNews.com raised Edison International from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. Royal Bank of Canada lowered their price objective on Edison International from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. The Goldman Sachs Group started coverage on Edison International in a research note on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 price objective for the company. Barclays upped their price objective on Edison International from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, TheStreet cut Edison International from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Edison International presently has an average rating of “Hold” and a consensus price target of $74.10.

Edison International Trading Up 1.0 %

Shares of Edison International stock traded up $0.69 on Thursday, reaching $71.97. 2,007,225 shares of the company’s stock were exchanged, compared to its average volume of 2,202,128. The company has a market capitalization of $27.69 billion, a P/E ratio of 31.52 and a beta of 0.94. Edison International has a 52 week low of $58.82 and a 52 week high of $74.41. The firm’s 50-day moving average is $69.24 and its two-hundred day moving average is $67.86. 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 issued its earnings results on Tuesday, April 30th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.01. Edison International had a return on equity of 12.49% and a net margin of 6.14%. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. Edison International’s revenue for the quarter was up 2.8% on a year-over-year basis. Sell-side analysts predict that Edison International will post 4.92 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend was Wednesday, March 27th. Edison International’s payout ratio is 136.84%.

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.