Mariner LLC Increases Holdings in Edison International (NYSE:EIX)

Mariner LLC boosted its position in Edison International (NYSE:EIX - Free Report) by 36.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,768 shares of the utilities provider's stock after purchasing an additional 17,312 shares during the period. Mariner LLC's holdings in Edison International were worth $5,171,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Crews Bank & Trust acquired a new stake in Edison International in the fourth quarter valued at $25,000. Sierra Ocean LLC bought a new stake in shares of Edison International in the 4th quarter valued at about $33,000. ST Germain D J Co. Inc. grew its position in shares of Edison International by 88.1% in the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider's stock valued at $34,000 after buying an additional 200 shares during the last quarter. Raleigh Capital Management Inc. raised its position in shares of Edison International by 285.3% during the fourth quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider's stock worth $34,000 after acquiring an additional 311 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Edison International by 171.5% during the fourth quarter. Versant Capital Management Inc now owns 448 shares of the utilities provider's stock worth $36,000 after acquiring an additional 283 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Stock Up 0.6 %

NYSE:EIX traded up $0.33 on Wednesday, hitting $58.15. The stock had a trading volume of 3,144,528 shares, compared to its average volume of 2,953,015. The company has a market cap of $22.39 billion, a PE ratio of 17.05, a P/E/G ratio of 1.07 and a beta of 0.74. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77. The business's fifty day moving average is $55.66 and its 200 day moving average is $68.70. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX - Get Free Report) last posted its earnings results on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.03). The business had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. On average, equities research analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays decreased 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. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $72.00 price objective on shares of Edison International in a research report on Wednesday, February 12th. UBS Group raised shares of Edison International from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $69.00 to $65.00 in a research note on Tuesday, February 18th. The Goldman Sachs Group cut their price target on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Finally, Morgan Stanley lifted their price objective on Edison International from $48.00 to $52.00 and gave the stock an "underweight" rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $76.75.

About Edison International

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.