Crowley Wealth Management Inc. Takes Position in Edison International (NYSE:EIX)

Crowley Wealth Management Inc. bought a new stake in shares of Edison International (NYSE:EIX) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,300 shares of the utilities provider’s stock, valued at approximately $104,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Jamison Private Wealth Management Inc. grew its position in shares of Edison International by 2.6% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider’s stock valued at $550,000 after buying an additional 174 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Edison International by 2.9% during the fourth quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider’s stock valued at $503,000 after purchasing an additional 176 shares during the last quarter. Old Port Advisors grew its holdings in shares of Edison International by 0.9% during the fourth quarter. Old Port Advisors now owns 19,292 shares of the utilities provider’s stock valued at $1,540,000 after purchasing an additional 180 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Edison International by 125.0% during the third 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 last quarter. Finally, Centre Asset Management LLC grew its stake in Edison International by 8.1% during the 4th quarter. Centre Asset Management LLC now owns 2,656 shares of the utilities provider’s stock worth $212,000 after buying an additional 199 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of EIX opened at $58.32 on Monday. 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 moving average is $55.24 and its 200-day moving average is $73.41. 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 $22.45 billion, a P/E ratio of 17.10, a P/E/G ratio of 1.07 and a beta of 0.87.

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

Edison International Dividend Announcement

The business 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 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 dividend yield of 5.68%. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EIX shares. Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Barclays lowered their price target on shares of Edison International from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. UBS Group upgraded shares of Edison International from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. Wells Fargo & Company decreased their target price on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Finally, Morgan Stanley increased their price objective on Edison International from $48.00 to $52.00 and gave the stock an “underweight” rating in a report on Thursday. 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. According to MarketBeat.com, the stock currently has a consensus 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.