Edison International (NYSE:EIX) Stock Holdings Decreased by Horizon Investments LLC

Horizon Investments LLC decreased its position in Edison International (NYSE:EIX) by 4.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,984 shares of the utilities provider’s stock after selling 723 shares during the period. Horizon Investments LLC’s holdings in Edison International were worth $1,342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Edison International by 0.7% in the third quarter. State Street Corp now owns 32,549,936 shares of the utilities provider’s stock valued at $2,834,774,000 after purchasing an additional 224,337 shares in the last quarter. FMR LLC lifted its stake in Edison International by 8.7% in the 3rd quarter. FMR LLC now owns 21,800,874 shares of the utilities provider’s stock worth $1,898,638,000 after acquiring an additional 1,741,835 shares in the last quarter. Geode Capital Management LLC lifted its stake in Edison International by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 9,620,520 shares of the utilities provider’s stock worth $835,142,000 after acquiring an additional 210,461 shares in the last quarter. Amundi boosted its position in Edison International by 0.3% during the 4th quarter. Amundi now owns 3,118,404 shares of the utilities provider’s stock worth $248,973,000 after acquiring an additional 10,396 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Edison International by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,620,122 shares of the utilities provider’s stock valued at $209,191,000 after purchasing an additional 32,391 shares during the period. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on EIX. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target for the company in a report on Wednesday, January 15th. Morgan Stanley decreased their target price 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $72.00 price target on shares of Edison International in a research note on Wednesday, February 12th. Barclays reduced their price objective on Edison International from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Finally, Wells Fargo & Company dropped their target price on Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $76.54.

Edison International Trading Down 0.3 %

Shares of EIX stock opened at $58.53 on Thursday. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The company has a market cap of $22.54 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The business’s 50 day moving average is $55.58 and its two-hundred day moving average is $73.91.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). The firm 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%. Equities analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio (DPR) is currently 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.