Russell Investments Group Ltd. Buys 112,588 Shares of Edison International (NYSE:EIX)

Russell Investments Group Ltd. boosted its holdings in Edison International (NYSE:EIX - Free Report) by 10.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,210,887 shares of the utilities provider's stock after buying an additional 112,588 shares during the period. Russell Investments Group Ltd. owned 0.31% of Edison International worth $96,639,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of 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 in the last quarter. Geode Capital Management LLC grew its holdings in Edison International by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 9,983,519 shares of the utilities provider's stock valued at $795,123,000 after buying an additional 362,999 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Edison International by 1.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,133,574 shares of the utilities provider's stock valued at $409,865,000 after buying an additional 50,451 shares during the last quarter. Norges Bank purchased a new position in shares of Edison International in the fourth quarter worth $323,443,000. Finally, American Century Companies Inc. grew its stake in Edison International by 2.1% during the fourth quarter. American Century Companies Inc. now owns 3,284,870 shares of the utilities provider's stock valued at $262,264,000 after acquiring an additional 69,074 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

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Edison International Trading Up 0.2 %

Shares of NYSE:EIX traded up $0.13 on Friday, hitting $55.53. 578,515 shares of the company's stock were exchanged, compared to its average volume of 2,915,338. The stock has a market capitalization of $21.38 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. 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 business's 50 day simple moving average is $54.77 and its two-hundred day simple moving average is $70.35.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $17.60 billion during the quarter, compared to analysts' expectations of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be paid a dividend of $0.8275 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.96%. Edison International's dividend payout ratio is currently 100.30%.

Analysts Set New Price Targets

Several research analysts have commented on EIX shares. Guggenheim downgraded shares of Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Morgan Stanley raised their price target on Edison International from $48.00 to $52.00 and gave the company an "underweight" rating in a report on Thursday, March 20th. Wells Fargo & Company decreased their price objective on Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $72.00 target price on shares of Edison International in a report on Wednesday, February 12th. Finally, Barclays decreased their price target on shares of Edison International from $65.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.