Bryce Point Capital LLC Acquires Shares of 6,741 Edison International (NYSE:EIX)

Bryce Point Capital LLC acquired a new stake in Edison International (NYSE:EIX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,741 shares of the utilities provider's stock, valued at approximately $538,000.

Other hedge funds have also added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. boosted its holdings in shares of Edison International by 2.6% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider's stock valued at $550,000 after purchasing an additional 174 shares during the period. Bleakley Financial Group LLC raised its position in Edison International by 2.9% during the 4th quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider's stock valued at $503,000 after purchasing an additional 176 shares in the last quarter. Old Port Advisors lifted its holdings in shares of Edison International by 0.9% in the 4th quarter. Old Port Advisors now owns 19,292 shares of the utilities provider's stock worth $1,540,000 after buying an additional 180 shares during the period. Centre Asset Management LLC grew its position in shares of Edison International by 8.1% during the 4th quarter. Centre Asset Management LLC now owns 2,656 shares of the utilities provider's stock worth $212,000 after buying an additional 199 shares in the last quarter. Finally, ST Germain D J Co. Inc. increased its stake in shares of Edison International by 88.1% during the fourth quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider's stock valued at $34,000 after buying an additional 200 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Edison International Stock Up 7.0 %

Shares of EIX stock traded up $3.65 during trading hours on Wednesday, reaching $56.15. 4,717,519 shares of the company's stock were exchanged, compared to its average volume of 2,919,488. The stock's fifty day moving average price is $54.71 and its two-hundred day moving average price is $70.57. The stock has a market cap of $21.62 billion, a PE ratio of 16.47, a PEG ratio of 1.07 and a beta of 0.74. 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 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 results 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). Edison International had a net margin of 8.52% and a return on equity of 13.17%. The company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $3.92 billion. Research analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date is Monday, April 7th. Edison International's dividend payout ratio (DPR) is 100.30%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EIX. Morgan Stanley upped their price objective on shares of Edison International from $48.00 to $52.00 and gave the stock an "underweight" rating in a research note on Thursday, March 20th. Wells Fargo & Company lowered their price target on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. UBS Group raised shares of Edison International from a "neutral" rating to a "buy" rating and cut their price objective for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Barclays lowered their target price on Edison International from $65.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, LADENBURG THALM/SH SH upgraded Edison International from a "sell" rating to a "neutral" rating and set a $56.50 price target on the stock in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $76.75.

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.