492,789 Shares in Edison International (NYSE:EIX) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Edison International (NYSE:EIX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 492,789 shares of the utilities provider's stock, valued at approximately $39,344,000. Raymond James Financial Inc. owned 0.13% of Edison International as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in EIX. FMR LLC lifted its stake in Edison International by 8.7% in the third quarter. FMR LLC now owns 21,800,874 shares of the utilities provider's stock valued at $1,898,638,000 after buying an additional 1,741,835 shares during the period. AustralianSuper Pty Ltd acquired a new position in Edison International in the fourth quarter valued at approximately $31,877,000. Victory Capital Management Inc. lifted its stake in Edison International by 74.6% in the fourth quarter. Victory Capital Management Inc. now owns 906,545 shares of the utilities provider's stock valued at $72,379,000 after buying an additional 387,215 shares during the period. Miller Howard Investments Inc. NY increased its holdings in shares of Edison International by 565.5% during the fourth quarter. Miller Howard Investments Inc. NY now owns 343,190 shares of the utilities provider's stock valued at $27,400,000 after acquiring an additional 291,619 shares in the last quarter. Finally, abrdn plc increased its holdings in shares of Edison International by 19.5% during the fourth quarter. abrdn plc now owns 1,695,182 shares of the utilities provider's stock valued at $134,335,000 after acquiring an additional 276,656 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wells Fargo & Company decreased their price objective on Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Mizuho decreased their price objective on Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Morgan Stanley decreased their price objective on Edison International from $71.00 to $48.00 and set an "underweight" rating for the company in a report on Friday, February 14th. Barclays decreased their price objective on Edison International from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $72.00 price objective on shares of Edison International in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.54.

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Edison International Stock Down 1.0 %

Shares of NYSE:EIX opened at $55.50 on Thursday. The company has a market capitalization of $21.37 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. 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 business has a fifty day moving average price of $57.50 and a two-hundred day moving average price of $74.88. Edison International has a 1 year low of $49.06 and a 1 year high of $88.77.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.03). The business had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Analysts forecast that Edison International will post 4.95 earnings per share for the current 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 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 5.96%. Edison International's dividend payout ratio (DPR) is presently 100.30%.

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.

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