Xponance Inc. Sells 1,704 Shares of Edison International (NYSE:EIX)

Xponance Inc. lowered its stake in shares of Edison International (NYSE:EIX) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,786 shares of the utilities provider’s stock after selling 1,704 shares during the quarter. Xponance Inc.’s holdings in Edison International were worth $4,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Crews Bank & Trust bought a new stake in shares of Edison International in the 4th quarter valued at about $25,000. Groupama Asset Managment lifted its position in Edison International by 0.8% during the third 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 during the last quarter. Larson Financial Group LLC grew its holdings in Edison International by 125.0% in the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 195 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in Edison International in the third quarter worth $32,000. Finally, Sierra Ocean LLC acquired a new position in shares of Edison International during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

Shares of NYSE EIX opened at $58.92 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The firm’s 50 day simple moving average is $55.37 and its 200-day simple moving average is $73.80. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The stock has a market capitalization of $22.68 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.07 and a beta of 0.87.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). Edison International had a net margin of 8.52% and a return on equity of 13.17%. The firm had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be given a dividend of $0.8275 per share. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.62%. Edison International’s dividend payout ratio is currently 100.30%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EIX. LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price on the stock in a research note on Wednesday, January 15th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $72.00 target price on shares of Edison International in a research note on Wednesday, February 12th. Barclays cut their price target on shares of Edison International from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group reduced their target price on Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Edison International presently has an average rating of “Moderate Buy” and a consensus price target of $76.82.

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.