Martingale Asset Management L P Purchases 182,586 Shares of Edison International (NYSE:EIX)

Martingale Asset Management L P boosted its position in Edison International (NYSE:EIX - Free Report) by 176.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 286,102 shares of the utilities provider's stock after purchasing an additional 182,586 shares during the period. Martingale Asset Management L P owned about 0.07% of Edison International worth $22,842,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Crews Bank & Trust bought a new position in Edison International during the fourth quarter valued at about $25,000. Groupama Asset Managment lifted its stake in Edison International by 0.8% in the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 237 shares during the last quarter. Sierra Ocean LLC bought a new position in Edison International during the fourth quarter valued at $33,000. ST Germain D J Co. Inc. increased its position in Edison International by 88.1% in the fourth quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider's stock worth $34,000 after buying an additional 200 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in shares of Edison International by 285.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider's stock valued at $34,000 after buying an additional 311 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EIX has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Morgan Stanley raised their target price on Edison International from $48.00 to $52.00 and gave the stock an "underweight" rating in a research note on Thursday, March 20th. Guggenheim downgraded shares of Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded Edison International from a "sell" rating to a "neutral" rating and set a $56.50 target price for the company in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group lowered their price target on Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. One 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $76.75.

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Edison International Trading Up 1.8 %

NYSE EIX traded up $1.02 during trading on Monday, hitting $57.12. 493,667 shares of the company's stock traded hands, compared to its average volume of 2,923,622. The stock has a fifty day moving average of $54.86 and a two-hundred day moving average of $70.04. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The firm has a market cap of $21.99 billion, a P/E ratio of 16.75, a PEG ratio of 1.07 and a beta of 0.74. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81.

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 for the quarter, missing the consensus estimate of $1.08 by ($0.03). The company 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 expect that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The business also recently announced 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 of this dividend is Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.79%. Edison International's dividend payout ratio is 100.30%.

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.