LPL Financial LLC Has $18.67 Million Stake in Edison International (NYSE:EIX)

LPL Financial LLC reduced its holdings in Edison International (NYSE:EIX - Free Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 233,786 shares of the utilities provider's stock after selling 4,880 shares during the quarter. LPL Financial LLC owned 0.06% of Edison International worth $18,665,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Jamison Private Wealth Management Inc. grew its position in shares of Edison International by 2.6% in the 4th 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 lifted its stake in Edison International by 2.9% in the fourth quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider's stock valued at $503,000 after buying an additional 176 shares in the last quarter. Old Port Advisors boosted its holdings in shares of Edison International by 0.9% in the fourth quarter. Old Port Advisors now owns 19,292 shares of the utilities provider's stock valued at $1,540,000 after buying an additional 180 shares during the period. Centre Asset Management LLC increased its position in shares of Edison International by 8.1% during the fourth quarter. Centre Asset Management LLC now owns 2,656 shares of the utilities provider's stock worth $212,000 after acquiring an additional 199 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its holdings 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 worth $34,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 88.95% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EIX. Mizuho reduced their target price on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group decreased their price objective on Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $72.00 target price on shares of Edison International in a research report on Wednesday, February 12th. UBS Group raised Edison International from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company decreased 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 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 given a buy rating to the company. According to data from MarketBeat, Edison International has a consensus rating of "Moderate Buy" and an average target price of $76.82.

Edison International Stock Performance

Shares of Edison International stock traded down $1.63 during trading on Thursday, hitting $58.30. 3,828,713 shares of the stock were exchanged, compared to its average volume of 2,870,485. Edison International has a 1-year low of $49.06 and a 1-year high of $88.77. The stock has a market capitalization of $22.44 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. The company has a fifty day moving average price of $54.89 and a 200-day moving average price of $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 released 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 analyst estimates of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. As a group, equities analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be given a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 5.68%. The ex-dividend date is Monday, April 7th. Edison International's 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.