Edison International (NYSE:EIX) Position Increased by iA Global Asset Management Inc.

iA Global Asset Management Inc. raised its position in shares of Edison International (NYSE:EIX) by 31.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,062 shares of the utilities provider’s stock after buying an additional 3,595 shares during the period. iA Global Asset Management Inc.’s holdings in Edison International were worth $1,203,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Crews Bank & Trust acquired a new position in shares of Edison International in the 4th quarter valued at about $25,000. Larson Financial Group LLC increased its holdings in shares of 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 purchasing an additional 195 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of Edison International in the 3rd quarter valued at about $32,000. Darwin Wealth Management LLC acquired a new position in shares of Edison International in the 3rd quarter valued at about $35,000. Finally, Sierra Ocean LLC acquired a new position in shares of Edison International in the 4th quarter valued at about $33,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Trading Down 1.0 %

Shares of EIX stock opened at $58.32 on Friday. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The business’s 50 day moving average is $55.24 and its two-hundred day moving average is $73.60. The company has a market cap of $22.45 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.03). Edison International had a net margin of 8.52% and a return on equity of 13.17%. The company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $3.92 billion. Equities analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be given a $0.8275 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.68%. Edison International’s dividend payout ratio is 100.30%.

Analyst Upgrades and Downgrades

EIX has been the topic of a number of research reports. Barclays dropped their target price on Edison International from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. UBS Group upgraded Edison International from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective on the stock in a report on Wednesday, January 15th. The Goldman Sachs Group dropped their price objective on Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Finally, Wells Fargo & Company dropped their price objective on Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.