Mason Street Advisors LLC Increases Holdings in Edison International (NYSE:EIX)

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Mason Street Advisors LLC grew its position in shares of Edison International (NYSE:EIX) by 9.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 51,016 shares of the utilities provider’s stock after acquiring an additional 4,549 shares during the period. Mason Street Advisors LLC’s holdings in Edison International were worth $3,848,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its position in Edison International by 2.1% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 25,630 shares of the utilities provider’s stock valued at $1,728,000 after acquiring an additional 524 shares in the last quarter. Kwmg LLC increased its stake in shares of Edison International by 5.5% in the second quarter. Kwmg LLC now owns 36,261 shares of the utilities provider’s stock worth $2,444,000 after buying an additional 1,886 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of Edison International by 6.0% in the second quarter. CENTRAL TRUST Co now owns 2,772 shares of the utilities provider’s stock worth $194,000 after buying an additional 156 shares during the last quarter. Bennicas & Associates Inc. bought a new stake in shares of Edison International in the second quarter worth $209,000. Finally, Raymond James Trust N.A. increased its stake in shares of Edison International by 16.4% in the second quarter. Raymond James Trust N.A. now owns 4,148 shares of the utilities provider’s stock worth $280,000 after buying an additional 584 shares during the last quarter. Hedge funds and other institutional investors own 76.99% of the company’s stock.

EIX stock traded up $1.39 during trading on Wednesday, hitting $68.23. 85,855 shares of the company’s stock traded hands, compared to its average volume of 2,589,153. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.11. Edison International has a 52 week low of $46.65 and a 52 week high of $76.45. The stock has a fifty day moving average price of $70.40 and a two-hundred day moving average price of $67.94. The stock has a market capitalization of $23.78 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 2.65 and a beta of 0.05.

Edison International (NYSE:EIX) last released its earnings results on Tuesday, October 29th. The utilities provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.03). Edison International had a negative net margin of 1.60% and a positive return on equity of 11.98%. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the previous year, the firm earned $1.57 EPS. As a group, equities research analysts expect that Edison International will post 4.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a dividend of $0.613 per share. This is a positive change from Edison International’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, September 27th. This represents a $2.45 annualized dividend and a yield of 3.59%. Edison International’s payout ratio is presently 59.04%.

A number of analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Edison International from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, August 16th. Royal Bank of Canada lifted their price target on shares of Edison International to $79.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. They noted that the move was a valuation call. UBS Group lifted their price target on shares of Edison International from $77.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. TheStreet upgraded shares of Edison International from a “c+” rating to a “b-” rating in a research note on Friday, July 26th. Finally, Bank of America set a $73.00 price target on shares of Edison International and gave the stock a “hold” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Edison International currently has a consensus rating of “Hold” and a consensus target price of $75.00.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

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Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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