Capital Group Private Client Services Inc. Sells 4,504 Shares of Edison International (NYSE:EIX)

Capital Group Private Client Services Inc. trimmed its holdings in shares of Edison International (NYSE:EIX - Free Report) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 556,875 shares of the utilities provider's stock after selling 4,504 shares during the period. Capital Group Private Client Services Inc. owned approximately 0.14% of Edison International worth $44,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in EIX. Norges Bank acquired a new stake in shares of Edison International in the 4th quarter valued at $323,443,000. Canada Pension Plan Investment Board lifted its holdings in shares of Edison International by 364.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 3,369,535 shares of the utilities provider's stock worth $269,024,000 after buying an additional 2,643,571 shares during the last quarter. Vanguard Group Inc. raised its stake in Edison International by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider's stock valued at $3,879,408,000 after purchasing an additional 1,559,501 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Edison International by 38.2% in the fourth quarter. Invesco Ltd. now owns 4,816,638 shares of the utilities provider's stock valued at $384,560,000 after buying an additional 1,331,941 shares during the period. Finally, Barclays PLC lifted its position in Edison International by 112.0% in the fourth quarter. Barclays PLC now owns 1,947,047 shares of the utilities provider's stock worth $155,453,000 after purchasing an additional 1,028,558 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Price Performance

EIX stock traded up $0.15 during trading on Wednesday, reaching $57.97. 829,926 shares of the company were exchanged, compared to its average volume of 2,944,018. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The company has a market capitalization of $22.32 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 1.07 and a beta of 0.74. The company has a 50-day moving average of $55.66 and a two-hundred day moving average of $68.70.

Edison International (NYSE:EIX - Get Free Report) last posted its 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). The business had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. As a group, equities analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

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 paid a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date is Monday, April 7th. Edison International's dividend payout ratio is presently 100.30%.

Analyst Ratings Changes

Several research firms have issued reports on EIX. Mizuho dropped their price objective on Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Guggenheim downgraded Edison International from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. UBS Group raised shares of Edison International from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. JPMorgan Chase & Co. restated a "neutral" rating and set a $72.00 price objective on shares of Edison International in a report on Wednesday, February 12th. Finally, Morgan Stanley increased their price target on Edison International from $48.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $76.75.

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.