Guggenheim Capital LLC Has $15.99 Million Stake in Edison International (NYSE:EIX)

Guggenheim Capital LLC cut its stake in Edison International (NYSE:EIX - Free Report) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,267 shares of the utilities provider's stock after selling 41,846 shares during the quarter. Guggenheim Capital LLC owned approximately 0.05% of Edison International worth $15,989,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Crews Bank & Trust acquired a new stake in Edison International during the fourth quarter worth approximately $25,000. Sierra Ocean LLC bought a new position in shares of Edison International during the fourth quarter worth approximately $33,000. ST Germain D J Co. Inc. lifted its holdings in Edison International by 88.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider's stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in Edison International by 285.3% during the 4th 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 last quarter. Finally, Versant Capital Management Inc boosted its stake in Edison International by 171.5% in the 4th quarter. Versant Capital Management Inc now owns 448 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 283 shares during the period. Institutional investors and hedge funds own 88.95% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued a "neutral" rating and set a $72.00 target price on shares of Edison International in a report on Wednesday, February 12th. Mizuho dropped their price objective 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 target price on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Guggenheim downgraded shares of Edison International from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. 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 research 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 issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $76.75.

Edison International Price Performance

Edison International stock traded up $1.04 during mid-day trading on Friday, reaching $57.37. The company had a trading volume of 2,010,297 shares, compared to its average volume of 2,941,222. Edison International has a fifty-two week low of $49.06 and a fifty-two week high of $88.77. The company has a market cap of $22.09 billion, a P/E ratio of 16.82, 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 has a fifty day simple moving average of $55.47 and a 200 day simple moving average of $69.23.

Edison International (NYSE:EIX - Get Free Report) last issued its earnings results 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). Edison International had a return on equity of 13.17% and a net margin of 8.52%. The firm had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. On average, equities research analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 5.77%. The ex-dividend date is Monday, April 7th. Edison International's dividend payout ratio is currently 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.