Fox Run Management L.L.C. Purchases Shares of 18,661 Edison International (NYSE:EIX)

Fox Run Management L.L.C. bought a new stake in Edison International (NYSE:EIX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 18,661 shares of the utilities provider's stock, valued at approximately $1,490,000.

Several other institutional investors and hedge funds have also bought and sold shares of EIX. Jamison Private Wealth Management Inc. raised its stake in Edison International by 2.6% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider's stock valued at $550,000 after purchasing an additional 174 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Edison International by 2.9% during the fourth quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider's stock worth $503,000 after buying an additional 176 shares in the last quarter. Old Port Advisors raised its position in shares of Edison International by 0.9% in the fourth quarter. Old Port Advisors now owns 19,292 shares of the utilities provider's stock valued at $1,540,000 after buying an additional 180 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Edison International by 125.0% in the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider's stock worth $31,000 after buying an additional 195 shares in the last quarter. Finally, Centre Asset Management LLC lifted its stake in shares of Edison International by 8.1% in the fourth quarter. Centre Asset Management LLC now owns 2,656 shares of the utilities provider's stock worth $212,000 after buying an additional 199 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

EIX has been the topic of a number of recent analyst reports. Morgan Stanley upped their price objective on Edison International from $48.00 to $52.00 and gave the company an "underweight" rating in a report on Thursday, March 20th. Mizuho lowered their price target on Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. The Goldman Sachs Group reduced their price objective on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. LADENBURG THALM/SH SH raised shares of Edison International from a "sell" rating to a "neutral" rating and set a $56.50 target price for the company in a research note on Wednesday, January 15th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $72.00 price target on shares of Edison International in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $76.82.

Edison International Stock Down 2.1 %

NYSE EIX traded down $1.25 during trading hours on Tuesday, hitting $57.34. 1,199,289 shares of the company were exchanged, compared to its average volume of 2,663,878. The company has a 50 day moving average of $55.27 and a two-hundred day moving average of $73.20. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The firm has a market cap of $22.08 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 1.07 and a beta of 0.87. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77.

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 analysts' consensus estimates of $1.08 by ($0.03). Edison International had a return on equity of 13.17% and a net margin of 8.52%. The firm had revenue of $17.60 billion during the quarter, compared to analysts' expectations of $3.92 billion. Equities research analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 5.77%. The ex-dividend date of this dividend is Monday, April 7th. Edison International's dividend payout ratio (DPR) is presently 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.