Qtron Investments LLC Decreases Holdings in Edison International (NYSE:EIX)

Qtron Investments LLC decreased its stake in shares of Edison International (NYSE:EIX - Free Report) by 36.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,494 shares of the utilities provider's stock after selling 4,920 shares during the period. Qtron Investments LLC's holdings in Edison International were worth $678,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. lifted its stake in Edison International by 2.6% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider's stock valued at $550,000 after buying an additional 174 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in Edison International by 2.9% in the fourth quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider's stock valued at $503,000 after acquiring an additional 176 shares during the last quarter. Old Port Advisors lifted its stake in shares of Edison International by 0.9% in the 4th quarter. Old Port Advisors now owns 19,292 shares of the utilities provider's stock valued at $1,540,000 after purchasing an additional 180 shares during the last quarter. Centre Asset Management LLC lifted its position 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 during the last quarter. Finally, ST Germain D J Co. Inc. boosted its position in Edison International by 88.1% during the fourth quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider's stock worth $34,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Trading Up 1.8 %

Shares of NYSE:EIX traded up $1.04 during mid-day trading on Friday, hitting $57.37. The company had a trading volume of 2,010,297 shares, compared to its average volume of 2,934,922. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The firm has a fifty day moving average price of $55.34 and a 200 day moving average price of $69.44. The company has a market capitalization of $22.09 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. 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 issued its 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). The firm had revenue of $17.60 billion during 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%. As a group, research analysts forecast that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend is Monday, April 7th. Edison International's dividend payout ratio is 100.30%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EIX shares. Barclays dropped their price objective on shares of Edison International from $65.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group reduced 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. LADENBURG THALM/SH SH upgraded Edison International from a "sell" rating to a "neutral" rating and set a $56.50 target price on the stock in a report on Wednesday, January 15th. Guggenheim lowered shares of Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company dropped 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. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $76.75.

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.