Edison International (NYSE:EIX) Stock Position Decreased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its stake in Edison International (NYSE:EIX - Free Report) by 17.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,298 shares of the utilities provider's stock after selling 5,408 shares during the quarter. Tower Research Capital LLC TRC's holdings in Edison International were worth $2,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Edison International in the fourth quarter worth about $323,443,000. Canada Pension Plan Investment Board boosted its stake in Edison International by 364.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 3,369,535 shares of the utilities provider's stock worth $269,024,000 after purchasing an additional 2,643,571 shares during the period. Vanguard Group Inc. grew its position 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 worth $3,879,408,000 after purchasing an additional 1,559,501 shares in the last quarter. Invesco Ltd. raised its stake in Edison International by 38.2% during the 4th quarter. Invesco Ltd. now owns 4,816,638 shares of the utilities provider's stock valued at $384,560,000 after purchasing an additional 1,331,941 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Edison International by 112.0% in the fourth 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 in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Barclays cut their target price on shares of Edison International from $65.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Guggenheim cut 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 price objective for the company in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $72.00 price target on shares of Edison International in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.75.

Edison International Price Performance

NYSE EIX opened at $57.81 on Wednesday. The company has a market cap of $22.26 billion, a P/E ratio of 16.95, a P/E/G ratio of 1.07 and a beta of 0.74. Edison International has a 1 year low of $49.06 and a 1 year high of $88.77. 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 company has a fifty day simple moving average of $55.66 and a 200 day simple moving average of $68.70.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly 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 business had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. On average, sell-side analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

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 paid a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.73%. Edison International's 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.

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