Bank of Montreal Can Acquires 32,317 Shares of Edison International (NYSE:EIX)

Bank of Montreal Can raised its holdings in Edison International (NYSE:EIX - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 751,731 shares of the utilities provider's stock after acquiring an additional 32,317 shares during the period. Bank of Montreal Can owned about 0.19% of Edison International worth $60,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EIX. Crews Bank & Trust bought a new position in Edison International in the 4th quarter valued at approximately $25,000. Sierra Ocean LLC bought a new position in Edison International in the 4th quarter valued at approximately $33,000. Raleigh Capital Management Inc. lifted its holdings in shares of Edison International by 285.3% during the fourth quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider's stock worth $34,000 after purchasing an additional 311 shares during the period. ST Germain D J Co. Inc. grew its position in shares of Edison International by 88.1% in the 4th 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 last quarter. Finally, Versant Capital Management Inc boosted its holdings in Edison International by 171.5% in the fourth quarter. Versant Capital Management Inc now owns 448 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 283 shares during the last quarter. Institutional investors own 88.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EIX shares. Wells Fargo & Company decreased their price objective 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. JPMorgan Chase & Co. reaffirmed 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 upgraded Edison International from a "neutral" rating to a "buy" rating and cut their price target for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. Barclays dropped their price target on shares of Edison International from $65.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Guggenheim downgraded Edison International from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $76.75.

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Edison International Price Performance

Shares of Edison International stock traded down $0.13 during trading on Tuesday, hitting $57.09. The stock had a trading volume of 416,354 shares, compared to its average volume of 5,374,556. The firm has a market cap of $21.98 billion, a price-to-earnings ratio of 16.74, a P/E/G 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. The business's 50-day moving average is $54.95 and its 200 day moving average is $69.83. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77.

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). Edison International had a return on equity of 13.17% and a net margin of 8.52%. The company had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $3.92 billion. As a group, sell-side analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be issued a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 annualized dividend and a yield of 5.80%. Edison International's dividend payout ratio (DPR) is presently 100.30%.

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.