Courier Capital LLC Buys Shares of 3,000 Edison International (NYSE:EIX)

Courier Capital LLC bought a new stake in Edison International (NYSE:EIX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,000 shares of the utilities provider’s stock, valued at approximately $214,000.

Several other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Edison International by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,234,491 shares of the utilities provider’s stock valued at $86,534,000 after acquiring an additional 137,840 shares during the last quarter. Aviva PLC boosted its stake in shares of Edison International by 21.5% during the first quarter. Aviva PLC now owns 151,158 shares of the utilities provider’s stock valued at $10,596,000 after acquiring an additional 26,797 shares during the last quarter. Prudential PLC acquired a new stake in shares of Edison International during the first quarter valued at $688,000. Cetera Investment Advisers boosted its stake in shares of Edison International by 30.5% during the first quarter. Cetera Investment Advisers now owns 6,916 shares of the utilities provider’s stock valued at $485,000 after acquiring an additional 1,617 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Edison International by 1.7% during the first quarter. Vanguard Group Inc. now owns 44,530,226 shares of the utilities provider’s stock valued at $3,121,569,000 after acquiring an additional 731,841 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Price Performance

EIX stock opened at $69.39 on Thursday. 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 1 year low of $58.82 and a 1 year high of $74.92. The firm has a market cap of $26.69 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 2.30 and a beta of 0.96. The stock has a 50-day simple moving average of $67.53 and a 200-day simple moving average of $67.19.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Edison International had a return on equity of 12.63% and a net margin of 8.35%. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same quarter last year, the firm earned $1.14 earnings per share. On average, equities analysts predict 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 dividend of $0.78 per share. The ex-dividend date is Wednesday, March 27th. This represents a $3.12 dividend on an annualized basis and a yield of 4.50%. Edison International’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

EIX has been the topic of a number of analyst reports. StockNews.com raised Edison International from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. Barclays increased their price objective on Edison International from $69.00 to $70.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Royal Bank of Canada reduced their target price on Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Mizuho reduced their target price 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. Finally, TheStreet downgraded Edison International from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $73.50.

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.