Twin City Private Wealth LLC Sells 7,420 Shares of Edison International (NYSE:EIX)

Twin City Private Wealth LLC lowered its holdings in Edison International (NYSE:EIX - Free Report) by 31.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,182 shares of the utilities provider's stock after selling 7,420 shares during the quarter. Twin City Private Wealth LLC's holdings in Edison International were worth $1,292,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its position in Edison International by 8.7% during the 3rd quarter. FMR LLC now owns 21,800,874 shares of the utilities provider's stock valued at $1,898,638,000 after purchasing an additional 1,741,835 shares during the period. Vanguard Group Inc. boosted its stake in shares of 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 in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Edison International during the fourth quarter valued at about $39,344,000. AustralianSuper Pty Ltd bought a new position in Edison International in the fourth quarter worth about $31,877,000. Finally, Victory Capital Management Inc. lifted its holdings in Edison International by 74.6% in the fourth quarter. Victory Capital Management Inc. now owns 906,545 shares of the utilities provider's stock worth $72,379,000 after buying an additional 387,215 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Edison International Stock Up 1.6 %

Shares of EIX stock traded up $0.91 during mid-day trading on Friday, hitting $58.20. The company's stock had a trading volume of 4,991,929 shares, compared to its average volume of 2,837,040. The stock has a market cap of $22.41 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.07 and a beta of 0.87. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77. The business has a 50-day moving average price of $55.00 and a 200 day moving average price of $72.59.

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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 (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.03). Edison International had a net margin of 8.52% and a return on equity of 13.17%. The company had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $3.92 billion. Research analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be paid a $0.8275 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.69%. Edison International's dividend payout ratio (DPR) is currently 100.30%.

Wall Street Analysts Forecast Growth

EIX has been the subject of several research reports. UBS Group raised Edison International from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. The Goldman Sachs Group decreased their price objective on Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. JPMorgan Chase & Co. restated a "neutral" rating and set a $72.00 target price 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. Finally, Mizuho cut their price objective on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. One 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $76.82.

Edison International 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.