Duff & Phelps Investment Management Co. Has $26.22 Million Stock Position in Edison International (NYSE:EIX)

Duff & Phelps Investment Management Co. increased its stake in Edison International (NYSE:EIX) by 24.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 366,816 shares of the utilities provider’s stock after purchasing an additional 71,962 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Edison International were worth $26,224,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new position in shares of Edison International during the 4th quarter worth about $27,000. WASHINGTON TRUST Co boosted its stake in shares of Edison International by 117.4% during the 4th quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock worth $36,000 after buying an additional 270 shares during the last quarter. Lindbrook Capital LLC boosted its stake in shares of Edison International by 144.4% during the 3rd quarter. Lindbrook Capital LLC now owns 672 shares of the utilities provider’s stock worth $43,000 after buying an additional 397 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new stake in shares of Edison International in the 3rd quarter valued at about $47,000. Finally, GAMMA Investing LLC bought a new position in Edison International during the fourth quarter worth about $48,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on EIX. Royal Bank of Canada dropped their price objective on Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Mizuho decreased their price target on shares of Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Guggenheim upgraded shares of Edison International from a “neutral” rating to a “buy” rating and increased their target price for the stock from $66.00 to $84.00 in a research report on Monday, January 22nd. TheStreet lowered shares of Edison International from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Finally, Barclays increased their target price on shares of Edison International from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. One 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, the stock has an average rating of “Hold” and a consensus price target of $73.60.

Edison International Price Performance

Shares of Edison International stock traded up $0.23 on Tuesday, reaching $71.56. 617,463 shares of the stock were exchanged, compared to its average volume of 2,168,403. The firm’s 50 day moving average is $69.08 and its 200-day moving average is $67.80. Edison International has a one year low of $58.82 and a one year high of $74.92. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.73 and a current ratio of 0.79. The firm has a market cap of $27.53 billion, a PE ratio of 22.86 and a beta of 0.96.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $4.19 billion. Edison International had a net margin of 8.35% and a return on equity of 12.63%. During the same quarter in the prior year, the firm posted $1.14 EPS. As a group, analysts anticipate that Edison International will post 4.92 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 4.36%. The ex-dividend date is Wednesday, March 27th. Edison International’s payout ratio is 100.00%.

Edison International 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.