Edison International (NYSE:EIX) Shares Purchased by Nwam LLC

Nwam LLC boosted its position in Edison International (NYSE:EIX) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,388 shares of the utilities provider’s stock after purchasing an additional 777 shares during the quarter. Nwam LLC’s holdings in Edison International were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new stake in shares of Edison International in the fourth quarter valued at about $25,000. Groupama Asset Managment grew its stake in 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 acquiring an additional 237 shares in the last quarter. Larson Financial Group LLC raised its holdings in Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 195 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Edison International in the third quarter valued at approximately $32,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Edison International in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 6.0 %

Shares of NYSE EIX opened at $54.45 on Friday. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The stock has a market cap of $21.08 billion, a P/E ratio of 15.97, a PEG ratio of 1.07 and a beta of 0.90. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The business’s fifty day simple moving average is $61.38 and its 200-day simple moving average is $76.46.

Edison International (NYSE:EIX) last issued its quarterly 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 analysts’ expectations of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. As a group, equities analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend is Monday, April 7th. Edison International’s dividend payout ratio is currently 97.07%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Jefferies Financial Group initiated coverage on shares of Edison International in a research report on Thursday, November 7th. They issued a “buy” rating and a $93.00 target price on the stock. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $69.00 to $65.00 in a research note on Tuesday, February 18th. Barclays reduced their price target on shares of Edison International from $76.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $72.00 price objective on shares of Edison International in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.75.

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.