Massachusetts Financial Services Co. MA Has $409.87 Million Stock Position in Edison International (NYSE:EIX)

Massachusetts Financial Services Co. MA boosted its stake in shares of Edison International (NYSE:EIX) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,133,574 shares of the utilities provider’s stock after buying an additional 50,451 shares during the period. Massachusetts Financial Services Co. MA owned about 1.33% of Edison International worth $409,865,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Crews Bank & Trust purchased a new stake in shares of Edison International in the 4th quarter valued at approximately $25,000. Sierra Ocean LLC acquired a new stake in Edison International during the 4th quarter valued at $33,000. Raleigh Capital Management Inc. raised its stake in Edison International by 285.3% during the 4th quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 311 shares during the period. ST Germain D J Co. Inc. lifted its holdings in shares of Edison International by 88.1% in the fourth quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Edison International by 171.5% in the fourth quarter. Versant Capital Management Inc now owns 448 shares of the utilities provider’s stock worth $36,000 after buying an additional 283 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on EIX shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $72.00 price target on shares of Edison International in a research report on Wednesday, February 12th. Barclays reduced 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. Guggenheim downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. UBS Group upgraded shares of Edison International from a “neutral” rating to a “buy” rating and cut their target price for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. Finally, LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a research note on Wednesday, January 15th. One 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’s stock. According to data from MarketBeat.com, Edison International currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.82.

Edison International Price Performance

Shares of Edison International stock opened at $59.92 on Thursday. 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 firm has a fifty day simple moving average of $54.89 and a 200-day simple moving average of $71.97. The stock has a market capitalization of $23.07 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.07 and a beta of 0.87. Edison International has a 1-year low of $49.06 and a 1-year high of $88.77.

Edison International (NYSE:EIX) last released its earnings results 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). The firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. On average, sell-side analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

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 $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 5.52%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio is currently 100.30%.

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.