Edison International (NYSE:EIX) Stock Position Raised by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in Edison International (NYSE:EIX - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 475,891 shares of the utilities provider's stock after purchasing an additional 15,889 shares during the quarter. Wells Fargo & Company MN owned 0.12% of Edison International worth $37,995,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in EIX. HighTower Advisors LLC lifted its position in shares of Edison International by 2.9% during the 3rd quarter. HighTower Advisors LLC now owns 39,237 shares of the utilities provider's stock worth $3,404,000 after purchasing an additional 1,111 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Edison International by 0.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 131,489 shares of the utilities provider's stock worth $11,451,000 after acquiring an additional 849 shares in the last quarter. Barclays PLC increased its holdings in shares of Edison International by 16.9% in the 3rd quarter. Barclays PLC now owns 918,489 shares of the utilities provider's stock valued at $79,991,000 after acquiring an additional 132,749 shares during the last quarter. Vestcor Inc raised its position in shares of Edison International by 26.6% during the 3rd quarter. Vestcor Inc now owns 20,986 shares of the utilities provider's stock worth $1,828,000 after acquiring an additional 4,405 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Edison International by 2.2% during the third quarter. Geode Capital Management LLC now owns 9,620,520 shares of the utilities provider's stock worth $835,142,000 after purchasing an additional 210,461 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several brokerages have recently weighed in on EIX. Barclays reduced their price objective on shares of Edison International from $65.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $72.00 price objective on shares of Edison International in a research note on Wednesday, February 12th. UBS Group upgraded Edison International from a "neutral" rating to a "buy" rating and cut their target price for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. 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 research note on Wednesday, January 15th. Finally, Guggenheim cut Edison International from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $76.75.

Edison International Trading Up 0.5 %

Edison International stock traded up $0.30 during trading on Wednesday, hitting $57.20. The company's stock had a trading volume of 245,843 shares, compared to its average volume of 5,326,274. Edison International has a 1-year low of $49.06 and a 1-year high of $88.77. The stock's fifty day moving average is $55.07 and its 200 day moving average is $69.74. The stock has a market capitalization of $22.02 billion, a price-to-earnings ratio of 16.77, a P/E/G 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.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.03). Edison International had a return on equity of 13.17% and a net margin of 8.52%. The business had revenue of $17.60 billion for the quarter, compared to analysts' expectations of $3.92 billion. As a group, equities research analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be paid a $0.8275 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.79%. Edison International's dividend payout ratio (DPR) is presently 100.30%.

Edison International 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.