Bfsg LLC Has $899,000 Stock Position in Edison International (NYSE:EIX)

Bfsg LLC lowered its stake in Edison International (NYSE:EIX) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,570 shares of the utilities provider’s stock after selling 417 shares during the quarter. Bfsg LLC’s holdings in Edison International were worth $899,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ausbil Investment Management Ltd increased its position in Edison International by 54.7% during the fourth quarter. Ausbil Investment Management Ltd now owns 135,099 shares of the utilities provider’s stock worth $9,658,000 after buying an additional 47,784 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Edison International during the fourth quarter worth approximately $11,734,000. Metis Global Partners LLC increased its position in Edison International by 1.5% during the third quarter. Metis Global Partners LLC now owns 56,588 shares of the utilities provider’s stock worth $3,581,000 after buying an additional 834 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Edison International by 1.3% during the fourth quarter. Mackenzie Financial Corp now owns 422,747 shares of the utilities provider’s stock worth $30,222,000 after acquiring an additional 5,220 shares during the period. Finally, Equitable Trust Co. boosted its holdings in shares of Edison International by 11.4% during the third quarter. Equitable Trust Co. now owns 14,845 shares of the utilities provider’s stock worth $940,000 after acquiring an additional 1,518 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada reduced their price objective on Edison International from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, March 7th. The Goldman Sachs Group began coverage on Edison International in a research report on Wednesday, April 10th. They set a “neutral” rating and a $78.00 price target on the stock. Guggenheim raised Edison International from a “neutral” rating to a “buy” rating and increased their price target for the stock from $66.00 to $84.00 in a research report on Monday, January 22nd. TheStreet downgraded Edison International from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Finally, Barclays raised their target price on Edison International from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $73.60.

Edison International Price Performance

Shares of NYSE EIX traded down $0.03 during mid-day trading on Wednesday, hitting $70.82. 3,702,492 shares of the stock traded hands, compared to its average volume of 2,179,318. 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 has a twelve month low of $58.82 and a twelve month high of $74.92. The company has a market cap of $27.24 billion, a PE ratio of 22.70 and a beta of 0.96. The firm has a 50 day simple moving average of $68.70 and a two-hundred day simple moving average of $67.60.

Edison International (NYSE:EIX) last announced its earnings results 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 analyst estimates of $4.19 billion. Edison International had a return on equity of 12.63% and a net margin of 8.35%. During the same period last year, the company earned $1.14 EPS. As a group, equities research analysts forecast that Edison International will post 4.98 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 4.41%. The ex-dividend date is Wednesday, March 27th. Edison International’s dividend payout ratio is currently 100.00%.

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.