Jump Financial LLC Reduces Holdings in Edison International (NYSE:EIX)

Jump Financial LLC lessened its stake in shares of Edison International (NYSE:EIX - Free Report) by 83.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,598 shares of the utilities provider's stock after selling 86,392 shares during the quarter. Jump Financial LLC's holdings in Edison International were worth $1,405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EIX. Ontario Teachers Pension Plan Board grew its holdings in Edison International by 59.2% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 52,165 shares of the utilities provider's stock worth $4,165,000 after acquiring an additional 19,393 shares during the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in shares of Edison International in the fourth quarter worth about $299,000. Mariner LLC increased its holdings in Edison International by 36.5% during the 4th quarter. Mariner LLC now owns 64,768 shares of the utilities provider's stock valued at $5,171,000 after purchasing an additional 17,312 shares during the period. Barclays PLC increased its holdings in Edison International by 112.0% during the 4th quarter. Barclays PLC now owns 1,947,047 shares of the utilities provider's stock valued at $155,453,000 after purchasing an additional 1,028,558 shares during the period. Finally, Sagespring Wealth Partners LLC bought a new position in Edison International during the 4th quarter valued at approximately $212,000. Institutional investors own 88.95% of the company's stock.

Analyst Ratings Changes

EIX has been the topic of several research analyst reports. Wells Fargo & Company reduced their target price on Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. UBS Group upgraded shares of Edison International from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $72.00 target price on shares of Edison International in a research note on Wednesday, February 12th. Morgan Stanley increased their price target on shares of Edison International from $48.00 to $52.00 and gave the stock an "underweight" rating in a research note on Thursday, March 20th. Finally, LADENBURG THALM/SH SH raised Edison International from a "sell" rating to a "neutral" rating and set a $56.50 price objective on the stock in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Edison International currently has an average rating of "Moderate Buy" and a consensus price target of $76.75.

Edison International Stock Up 0.6 %

Edison International stock traded up $0.33 during mid-day trading on Wednesday, hitting $58.15. The company had a trading volume of 3,144,528 shares, compared to its average volume of 2,953,015. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The company has a market capitalization of $22.39 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. The stock's 50 day moving average price is $55.66 and its two-hundred day moving average price is $68.70. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

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

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be issued a dividend of $0.8275 per share. The ex-dividend date is Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.69%. Edison International's payout ratio is 100.30%.

Edison International Company 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.