Fidelis Capital Partners LLC Boosts Stake in Edison International (NYSE:EIX)

Fidelis Capital Partners LLC increased its stake in Edison International (NYSE:EIX) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,245 shares of the utilities provider’s stock after purchasing an additional 829 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Edison International were worth $589,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. RVW Wealth LLC purchased a new position in shares of Edison International during the 3rd quarter valued at about $25,000. Bruce G. Allen Investments LLC bought a new position in shares of Edison International in the fourth quarter worth approximately $27,000. WASHINGTON TRUST Co increased its stake in shares of Edison International by 117.4% in the fourth quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 270 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of Edison International during the 1st quarter valued at $41,000. Finally, Lindbrook Capital LLC lifted 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 valued at $43,000 after buying an additional 397 shares in the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EIX has been the topic of a number of recent analyst reports. Mizuho decreased their price target on Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Barclays upped their price target on Edison International from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. TheStreet downgraded shares of Edison International from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Royal Bank of Canada reduced their price target on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Finally, Guggenheim upgraded shares of Edison International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $66.00 to $84.00 in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Edison International currently has an average rating of “Hold” and a consensus target price of $73.60.

Edison International Trading Up 1.6 %

Shares of NYSE:EIX traded up $1.08 on Friday, hitting $69.21. 185,716 shares of the company’s stock were exchanged, compared to its average volume of 2,159,588. The stock has a market capitalization of $26.62 billion, a price-to-earnings ratio of 21.84 and a beta of 0.96. Edison International has a 12 month low of $58.82 and a 12 month high of $74.92. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.79 and a quick ratio of 0.73. The business’s 50 day simple moving average is $68.36 and its two-hundred day simple moving average is $67.32.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.16 by $0.12. The company had revenue of $3.71 billion for 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 last year, the firm posted $1.14 EPS. Analysts anticipate that Edison International will post 5.01 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Wednesday, March 27th. Edison International’s dividend payout ratio is 100.00%.

Edison International Company 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.