KCM Investment Advisors LLC Has $11.13 Million Position in Edison International (NYSE:EIX)

KCM Investment Advisors LLC grew its holdings in Edison International (NYSE:EIX) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,439 shares of the utilities provider’s stock after acquiring an additional 359 shares during the period. KCM Investment Advisors LLC’s holdings in Edison International were worth $11,133,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of EIX. Resona Asset Management Co. Ltd. bought a new stake in shares of Edison International during the 4th quarter worth $9,353,000. Wells Fargo & Company MN increased its position in Edison International by 3.5% in the 4th quarter. Wells Fargo & Company MN now owns 475,891 shares of the utilities provider’s stock worth $37,995,000 after buying an additional 15,889 shares during the period. First Western Trust Bank acquired a new position in shares of Edison International during the fourth quarter worth approximately $1,127,000. OneAscent Financial Services LLC bought a new stake in shares of Edison International in the fourth quarter valued at approximately $683,000. Finally, Bryce Point Capital LLC bought a new position in Edison International during the fourth quarter worth $538,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Trading Down 6.3 %

NYSE:EIX opened at $54.71 on Friday. The firm has a market capitalization of $21.06 billion, a price-to-earnings ratio of 16.04, 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. The business’s 50-day moving average price is $54.84 and its two-hundred day moving average price is $71.65. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

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 the consensus estimate of $1.08 by ($0.03). The firm had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. On average, equities analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a yield of 6.05%. Edison International’s payout ratio is 100.30%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EIX shares. Guggenheim cut shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. UBS Group upgraded shares of Edison International from a “neutral” rating to a “buy” rating and decreased their target price for the company from $69.00 to $65.00 in a research report on Tuesday, February 18th. Morgan Stanley increased their target price on Edison International from $48.00 to $52.00 and gave the stock an “underweight” rating in a report on Thursday, March 20th. Mizuho reduced their target price on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Finally, LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.82.

About Edison International

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.