Edison International (NYSE:EIX) Shares Acquired by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. boosted its position in shares of Edison International (NYSE:EIX) by 24.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 366,816 shares of the utilities provider’s stock after buying an additional 71,962 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.10% of Edison International worth $26,224,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of EIX. Deutsche Bank AG lifted its stake in shares of Edison International by 266.3% in the third quarter. Deutsche Bank AG now owns 4,309,133 shares of the utilities provider’s stock worth $272,725,000 after buying an additional 3,132,877 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Edison International by 62.1% in the fourth quarter. California Public Employees Retirement System now owns 1,514,003 shares of the utilities provider’s stock valued at $108,236,000 after purchasing an additional 580,117 shares during the period. Clearbridge Investments LLC raised its holdings in Edison International by 8.9% in the third quarter. Clearbridge Investments LLC now owns 6,830,749 shares of the utilities provider’s stock valued at $432,318,000 after acquiring an additional 558,351 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Edison International by 166.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 750,442 shares of the utilities provider’s stock worth $47,523,000 after purchasing an additional 468,594 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Edison International by 3.3% during the 3rd quarter. Wellington Management Group LLP now owns 9,842,171 shares of the utilities provider’s stock worth $622,911,000 after acquiring an additional 317,297 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

Edison International stock traded up $0.23 during trading hours on Tuesday, hitting $71.56. The stock had a trading volume of 617,463 shares, compared to its average volume of 2,168,403. 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 stock has a market capitalization of $27.53 billion, a price-to-earnings ratio of 22.86 and a beta of 0.96. Edison International has a 1-year low of $58.82 and a 1-year high of $74.92. The stock’s fifty day moving average is $69.08 and its two-hundred day moving average is $67.80.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.12. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $4.19 billion. Edison International had a return on equity of 12.63% and a net margin of 8.35%. During the same quarter in the prior year, the company earned $1.14 earnings per share. As a group, analysts predict that Edison International will post 4.92 earnings per share 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 yield of 4.36%. The ex-dividend date is Wednesday, March 27th. Edison International’s dividend payout ratio (DPR) is 100.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EIX. Royal Bank of Canada decreased their price objective on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. The Goldman Sachs Group began coverage on shares of Edison International in a report on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 target price on the stock. TheStreet downgraded shares of Edison International from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Mizuho lowered their price objective on Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Finally, Barclays increased their target price 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $73.60.

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.