Edison International (NYSE:EIX) Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in shares of Edison International (NYSE:EIX) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,360 shares of the utilities provider’s stock after selling 384 shares during the period. US Bancorp DE’s holdings in Edison International were worth $4,899,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Assetmark Inc. boosted its stake in shares of Edison International by 32.9% in the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 157 shares during the period. Centennial Wealth Advisory LLC boosted its stake in shares of Edison International by 3.3% in the third quarter. Centennial Wealth Advisory LLC now owns 5,378 shares of the utilities provider’s stock valued at $468,000 after purchasing an additional 172 shares during the period. Jamison Private Wealth Management Inc. boosted its stake in shares of Edison International by 2.6% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider’s stock valued at $550,000 after purchasing an additional 174 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of Edison International by 2.9% in the fourth quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider’s stock valued at $503,000 after purchasing an additional 176 shares during the period. Finally, Old Port Advisors boosted its stake in shares of Edison International by 0.9% in the fourth quarter. Old Port Advisors now owns 19,292 shares of the utilities provider’s stock valued at $1,540,000 after purchasing an additional 180 shares during the period. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EIX has been the subject of several recent research reports. Morgan Stanley lowered their price objective on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating for the company in a research note on Friday, February 14th. Jefferies Financial Group assumed coverage on shares of Edison International in a research note on Thursday, November 7th. They issued a “buy” rating and a $93.00 price target for the company. Mizuho decreased their price target on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $72.00 price target on shares of Edison International in a research note on Wednesday, February 12th. Finally, UBS Group upgraded shares of Edison International from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $69.00 to $65.00 in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $76.54.

Edison International Stock Up 0.7 %

EIX stock opened at $55.22 on Thursday. The company’s 50 day moving average is $59.88 and its two-hundred day moving average is $75.87. The stock has a market cap of $21.38 billion, a P/E ratio of 16.19, a PEG ratio of 1.07 and a beta of 0.90. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. 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 announced its earnings results on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). The business had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Research analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be issued a $0.8275 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.99%. Edison International’s payout ratio is 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.