Barclays PLC Boosts Stock Position in Edison International (NYSE:EIX)

Barclays PLC increased its stake in shares of Edison International (NYSE:EIX - Free Report) by 112.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,947,047 shares of the utilities provider's stock after purchasing an additional 1,028,558 shares during the period. Barclays PLC owned 0.50% of Edison International worth $155,453,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EIX. Swedbank AB boosted its position in shares of Edison International by 3.3% in the fourth quarter. Swedbank AB now owns 523,433 shares of the utilities provider's stock valued at $41,791,000 after acquiring an additional 16,614 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Edison International during the 4th quarter valued at $235,000. KBC Group NV increased its holdings in shares of Edison International by 23.7% in the fourth quarter. KBC Group NV now owns 61,342 shares of the utilities provider's stock worth $4,898,000 after purchasing an additional 11,764 shares during the period. abrdn plc increased its holdings in shares of Edison International by 19.5% in the fourth quarter. abrdn plc now owns 1,695,182 shares of the utilities provider's stock worth $134,335,000 after purchasing an additional 276,656 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Edison International by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,416,770 shares of the utilities provider's stock worth $192,955,000 after buying an additional 76,654 shares in the last quarter. Institutional investors own 88.95% of the company's stock.

Edison International Trading Up 1.8 %

Shares of NYSE EIX traded up $1.04 during mid-day trading on Friday, hitting $57.37. The stock had a trading volume of 2,010,297 shares, compared to its average volume of 2,941,222. The firm has a market cap of $22.09 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. 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 business has a 50 day moving average price of $55.47 and a two-hundred day moving average price of $69.23. 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 issued its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.03). Edison International had a net margin of 8.52% and a return on equity of 13.17%. The firm had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $3.92 billion. On average, equities analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business 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 5.77%. The ex-dividend date is Monday, April 7th. Edison International's payout ratio is currently 100.30%.

Analyst Ratings Changes

A number of equities analysts have weighed in on EIX shares. LADENBURG THALM/SH SH upgraded Edison International from a "sell" rating to a "neutral" rating and set a $56.50 target price on the stock in a research note on Wednesday, January 15th. The Goldman Sachs Group lowered their target price on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Barclays decreased their price target on shares of Edison International from $65.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. UBS Group raised shares of Edison International from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. Finally, Wells Fargo & Company reduced their target price on Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $76.75.

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.