Edison International (NYSE:EIX) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lifted its stake in shares of Edison International (NYSE:EIX) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,245 shares of the utilities provider’s stock after buying an additional 829 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Edison International were worth $589,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Edison International during the fourth quarter valued at approximately $222,895,000. Deutsche Bank AG lifted its stake in Edison International by 266.3% during the third quarter. Deutsche Bank AG now owns 4,309,133 shares of the utilities provider’s stock worth $272,725,000 after purchasing an additional 3,132,877 shares during the last quarter. Invesco Ltd. increased its stake in Edison International by 36.8% during the first quarter. Invesco Ltd. now owns 5,732,894 shares of the utilities provider’s stock valued at $401,877,000 after purchasing an additional 1,541,989 shares during the last quarter. Morgan Stanley raised its holdings in shares of Edison International by 33.5% during the fourth quarter. Morgan Stanley now owns 5,362,970 shares of the utilities provider’s stock worth $341,192,000 after purchasing an additional 1,345,379 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Edison International by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 44,530,226 shares of the utilities provider’s stock worth $3,121,569,000 after buying an additional 731,841 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Price Performance

Shares of NYSE EIX traded up $1.08 during mid-day trading on Friday, reaching $69.21. 185,716 shares of the company traded hands, compared to its average volume of 2,159,588. Edison International has a fifty-two week low of $58.82 and a fifty-two week high of $74.92. The firm has a market cap of $26.62 billion, a PE ratio of 21.84 and a beta of 0.96. The stock has a fifty day simple moving average of $68.36 and a 200-day simple moving average of $67.32. 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 earnings results on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $4.19 billion. During the same period in the previous year, the company earned $1.14 earnings per share. Equities research analysts anticipate that Edison International will post 5.01 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.12 annualized dividend and a dividend yield of 4.51%. Edison International’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

EIX has been the topic of several research reports. Barclays increased their price objective on shares of Edison International from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Royal Bank of Canada dropped 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. Guggenheim upgraded Edison International from a “neutral” rating to a “buy” rating and raised their target price for the company from $66.00 to $84.00 in a research note on Monday, January 22nd. The Goldman Sachs Group began coverage on shares of Edison International in a report on Wednesday, April 10th. They set a “neutral” rating and a $78.00 price target for the company. Finally, Mizuho cut their price objective on shares of Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.