Atlas Capital Advisors Inc. Sells 870 Shares of Edison International (NYSE:EIX)

Atlas Capital Advisors Inc. lessened its stake in shares of Edison International (NYSE:EIX) by 39.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,353 shares of the utilities provider’s stock after selling 870 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Edison International were worth $108,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Crews Bank & Trust bought a new stake in Edison International during the fourth quarter worth approximately $25,000. Groupama Asset Managment boosted its holdings in shares of Edison International by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after buying an additional 237 shares during the period. Sierra Ocean LLC acquired a new position in Edison International in the 4th quarter valued at $33,000. ST Germain D J Co. Inc. raised its holdings in Edison International by 88.1% in the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 200 shares during the period. Finally, Raleigh Capital Management Inc. boosted its holdings in Edison International by 285.3% during the fourth quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 311 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Down 6.3 %

Shares of NYSE:EIX opened at $54.71 on Friday. The company has a market capitalization of $21.06 billion, a PE ratio of 16.04, a P/E/G ratio of 1.07 and a beta of 0.87. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The company’s fifty day moving average is $54.84 and its 200-day moving average is $71.55. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77.

Edison International (NYSE:EIX) last issued 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%. Equities research analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently weighed in on EIX shares. Morgan Stanley boosted their price objective on Edison International from $48.00 to $52.00 and gave the stock an “underweight” rating in a research report on Thursday, March 20th. UBS Group upgraded Edison International from a “neutral” rating to a “buy” rating and cut their price target for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. Guggenheim downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Mizuho cut their target price on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group dropped their price objective on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.