Intrust Bank NA Increases Stock Holdings in Edison International (NYSE:EIX)

Intrust Bank NA boosted its holdings in Edison International (NYSE:EIX) by 11.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,603 shares of the utilities provider’s stock after buying an additional 587 shares during the period. Intrust Bank NA’s holdings in Edison International were worth $447,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new position in Edison International during the fourth quarter worth approximately $25,000. Groupama Asset Managment grew its stake in shares of Edison International by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock valued at $26,000 after buying an additional 237 shares during the period. Larson Financial Group LLC raised its position in shares of Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after buying an additional 195 shares during the period. Sierra Ocean LLC acquired a new position in Edison International in the fourth quarter valued at $33,000. Finally, ST Germain D J Co. Inc. grew its position in Edison International by 88.1% during the fourth quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

Shares of EIX stock opened at $58.20 on Monday. The firm has a fifty day moving average of $55.00 and a two-hundred day moving average of $72.42. The firm has a market cap of $22.41 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.07 and a beta of 0.87. Edison International has a 1-year low of $49.06 and a 1-year high of $88.77. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81.

Edison International (NYSE:EIX) last posted its quarterly 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). Edison International had a return on equity of 13.17% and a net margin of 8.52%. The firm had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. As a group, research analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 5.69%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio is currently 100.30%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EIX shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $72.00 target price on shares of Edison International in a report on Wednesday, February 12th. UBS Group upgraded shares of Edison International from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $69.00 to $65.00 in a research note on Tuesday, February 18th. Morgan Stanley raised their target price on shares of Edison International from $48.00 to $52.00 and gave the company an “underweight” rating in a research note on Thursday, March 20th. Guggenheim cut shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group cut their price objective on Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $76.82.

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.