Edison International (NYSE:EIX) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its holdings in Edison International (NYSE:EIX) by 1.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 391,048 shares of the utilities provider’s stock after selling 7,610 shares during the period. Sei Investments Co.’s holdings in Edison International were worth $31,223,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Crews Bank & Trust acquired a new position in shares of Edison International in the 4th quarter valued at $25,000. Groupama Asset Managment boosted its holdings in Edison International by 0.8% in the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 237 shares during the last quarter. Larson Financial Group LLC grew its position in Edison International by 125.0% during the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 195 shares during the period. Sierra Ocean LLC purchased a new stake in Edison International during the fourth quarter valued at about $33,000. Finally, ST Germain D J Co. Inc. increased its stake in Edison International by 88.1% during the fourth quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

EIX has been the topic of several research analyst reports. UBS Group raised Edison International from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. Wells Fargo & Company reduced their price target on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Barclays dropped their price objective on shares of Edison International from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $72.00 target price on shares of Edison International in a research note on Wednesday, February 12th. Finally, Morgan Stanley upped their price target on shares of Edison International from $48.00 to $52.00 and gave the stock an “underweight” rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.82.

Edison International Stock Performance

EIX stock opened at $57.18 on Wednesday. The stock’s 50 day simple moving average is $55.24 and its 200 day simple moving average is $72.99. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The firm has a market cap of $22.02 billion, a P/E ratio of 16.77, 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 posted its quarterly earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). Edison International had a return on equity of 13.17% and a net margin of 8.52%. The business had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $3.92 billion. As a group, equities research analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be given a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 annualized dividend and a yield of 5.79%. Edison International’s dividend payout ratio is presently 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.