Barrow Hanley Mewhinney & Strauss LLC Buys 23,631 Shares of Edison International (NYSE:EIX)

Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Edison International (NYSE:EIX - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 358,176 shares of the utilities provider's stock after buying an additional 23,631 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.09% of Edison International worth $28,597,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Schroder Investment Management Group grew its holdings in Edison International by 31.1% in the 4th quarter. Schroder Investment Management Group now owns 785,083 shares of the utilities provider's stock valued at $62,555,000 after buying an additional 186,265 shares in the last quarter. Allianz SE bought a new position in Edison International during the fourth quarter worth about $829,000. Intrust Bank NA raised its stake in Edison International by 11.7% in the 4th quarter. Intrust Bank NA now owns 5,603 shares of the utilities provider's stock worth $447,000 after purchasing an additional 587 shares in the last quarter. Allstate Corp bought a new stake in Edison International in the 4th quarter valued at about $938,000. Finally, RiverFront Investment Group LLC grew its position in shares of Edison International by 26.6% during the 4th quarter. RiverFront Investment Group LLC now owns 8,200 shares of the utilities provider's stock worth $655,000 after purchasing an additional 1,722 shares in the last quarter. Institutional investors own 88.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EIX shares. Wells Fargo & Company cut their price target on Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. UBS Group raised Edison International from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. Mizuho reduced their price target on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. restated a "neutral" rating and set a $72.00 price objective on shares of Edison International in a research report on Wednesday, February 12th. Finally, Barclays lowered their price target on Edison International from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Edison International has an average rating of "Moderate Buy" and an average target price of $76.82.

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Edison International Stock Down 2.2 %

NYSE EIX traded down $1.34 during trading hours on Thursday, hitting $58.58. The company's stock had a trading volume of 1,179,355 shares, compared to its average volume of 2,860,452. The company has a market capitalization of $22.55 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77. The company's 50-day simple moving average is $54.89 and its two-hundred day simple moving average is $71.97. 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 - Get Free Report) last posted 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 business 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%. Research analysts anticipate that Edison International will post 4.95 EPS for the current fiscal 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 given a dividend of $0.8275 per share. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.65%. Edison International's dividend payout ratio 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.