American Century Companies Inc. Raises Holdings in Edison International (NYSE:EIX)

American Century Companies Inc. lifted its stake in Edison International (NYSE:EIX - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,284,870 shares of the utilities provider's stock after buying an additional 69,074 shares during the period. American Century Companies Inc. owned approximately 0.85% of Edison International worth $262,264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Crews Bank & Trust purchased a new position in Edison International in the 4th quarter worth approximately $25,000. Larson Financial Group LLC grew its holdings in shares of Edison International by 125.0% in the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider's stock worth $31,000 after purchasing an additional 195 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in shares of Edison International in the third quarter worth $32,000. Darwin Wealth Management LLC bought a new stake in Edison International during the 3rd quarter valued at $35,000. Finally, Sierra Ocean LLC purchased a new stake in Edison International during the 4th quarter valued at $33,000. Institutional investors own 88.95% of the company's stock.

Edison International Stock Up 0.9 %

Shares of NYSE EIX traded up $0.50 on Wednesday, reaching $57.75. 3,243,587 shares of the company's stock traded hands, compared to its average volume of 2,676,915. The business's 50 day simple moving average is $55.24 and its two-hundred day simple moving average is $72.99. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The company has a market cap of $22.24 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96.

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Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $17.60 billion during the quarter, compared to analysts' expectations of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. As a group, equities research analysts forecast that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date is Monday, April 7th. Edison International's payout ratio is 100.30%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. LADENBURG THALM/SH SH raised Edison International from a "sell" rating to a "neutral" rating and set a $56.50 price target for the company in a research report on Wednesday, January 15th. Guggenheim lowered Edison International from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. UBS Group upgraded 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 report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $72.00 price target on shares of Edison International in a report on Wednesday, February 12th. One research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.