Federated Hermes Inc. Has $21.29 Million Stake in Edison International (NYSE:EIX)

Federated Hermes Inc. increased its stake in Edison International (NYSE:EIX - Free Report) by 5,334.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 266,668 shares of the utilities provider's stock after purchasing an additional 261,761 shares during the period. Federated Hermes Inc. owned approximately 0.07% of Edison International worth $21,291,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EIX. Norges Bank bought a new stake in shares of Edison International during the 4th quarter worth approximately $323,443,000. Vanguard Group Inc. lifted its stake in Edison International by 3.3% during the fourth 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Edison International in the 4th quarter valued at $39,344,000. National Bank of Canada FI boosted its holdings in shares of Edison International by 207.9% in the 4th quarter. National Bank of Canada FI now owns 698,939 shares of the utilities provider's stock valued at $55,807,000 after purchasing an additional 471,968 shares in the last quarter. Finally, AustralianSuper Pty Ltd bought a new position in shares of Edison International in the 4th quarter valued at $31,877,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on EIX. Guggenheim lowered Edison International from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of Edison International from a "sell" rating to a "neutral" rating and set a $56.50 price target on the stock in a report on Wednesday, January 15th. 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. Wells Fargo & Company decreased their target price on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Finally, The Goldman Sachs Group lowered their price target on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. 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 company's stock. According to MarketBeat.com, Edison International has an average rating of "Moderate Buy" and an average price target of $76.75.

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Edison International Trading Up 1.9 %

EIX stock traded up $1.04 during trading on Monday, hitting $57.14. The company had a trading volume of 338,752 shares, compared to its average volume of 2,923,109. The stock has a market cap of $22.00 billion, a PE ratio of 16.76, a PEG ratio of 1.07 and a beta of 0.74. The business has a 50-day moving average of $54.86 and a 200-day moving average of $70.04. 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 has a one year low of $49.06 and a one year high of $88.77.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.03). Edison International had a net margin of 8.52% and a return on equity of 13.17%. The firm had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $3.92 billion. Research analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently disclosed 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. This represents a $3.31 annualized dividend and a dividend yield of 5.79%. The ex-dividend date of this dividend is Monday, April 7th. Edison International's dividend payout ratio (DPR) is presently 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.