Schroder Investment Management Group Raises Stock Holdings in Edison International (NYSE:EIX)

Schroder Investment Management Group raised its position in Edison International (NYSE:EIX - Free Report) by 31.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 785,083 shares of the utilities provider's stock after purchasing an additional 186,265 shares during the period. Schroder Investment Management Group owned 0.20% of Edison International worth $62,555,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new position in shares of Edison International during the 4th quarter worth approximately $25,000. Groupama Asset Managment boosted its stake in Edison International by 0.8% during the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider's stock worth $26,000 after buying an additional 237 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Edison International in the 4th quarter valued at $33,000. ST Germain D J Co. Inc. grew its holdings in 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 in the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in shares of Edison International by 285.3% in the 4th quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider's stock worth $34,000 after acquiring an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company's stock.

Edison International Price Performance

Shares of NYSE EIX traded down $1.63 during midday trading on Thursday, hitting $58.30. The company had a trading volume of 3,828,856 shares, compared to its average volume of 2,870,486. The firm 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. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The business has a 50-day simple moving average of $54.89 and a two-hundred day simple moving average of $71.97. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96.

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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 net margin of 8.52% and a return on equity of 13.17%. The firm had revenue of $17.60 billion during the quarter, compared to analysts' expectations of $3.92 billion. Equities research analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.68%. Edison International's dividend payout ratio is presently 100.30%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EIX. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $72.00 price objective on shares of Edison International in a report on Wednesday, February 12th. Guggenheim cut shares of Edison International from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group dropped their price objective on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. UBS Group upgraded shares of 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. Finally, Wells Fargo & Company dropped 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 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 an average price target of $76.82.

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.