5,374 Shares in Edison International (NYSE:EIX) Bought by Stevens Capital Management LP

Stevens Capital Management LP acquired a new position in shares of Edison International (NYSE:EIX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,374 shares of the utilities provider's stock, valued at approximately $429,000.

A number of other hedge funds also recently bought and sold shares of the company. Swedbank AB lifted its position in shares of Edison International by 3.3% in the 4th quarter. Swedbank AB now owns 523,433 shares of the utilities provider's stock valued at $41,791,000 after acquiring an additional 16,614 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in Edison International during the 4th quarter valued at $235,000. KBC Group NV lifted its holdings in shares of Edison International by 23.7% in the fourth quarter. KBC Group NV now owns 61,342 shares of the utilities provider's stock valued at $4,898,000 after purchasing an additional 11,764 shares in the last quarter. abrdn plc boosted its position in shares of Edison International by 19.5% in the fourth quarter. abrdn plc now owns 1,695,182 shares of the utilities provider's stock worth $134,335,000 after buying an additional 276,656 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Edison International by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,416,770 shares of the utilities provider's stock valued at $192,955,000 after buying an additional 76,654 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on EIX shares. Morgan Stanley raised 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. LADENBURG THALM/SH SH raised shares of Edison International from a "sell" rating to a "neutral" rating and set a $56.50 price objective on the stock in a research report on Wednesday, January 15th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $72.00 target price on shares of Edison International in a research report on Wednesday, February 12th. Wells Fargo & Company decreased their target price on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Finally, Barclays dropped their price target on shares of Edison International from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Edison International presently has an average rating of "Moderate Buy" and a consensus price target of $76.82.

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Edison International Stock Performance

EIX traded up $0.91 on Friday, hitting $58.20. The company had a trading volume of 4,991,929 shares, compared to its average volume of 2,837,039. The stock has a market cap of $22.41 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. 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 company's fifty day moving average price is $55.00 and its 200 day moving average price is $72.59. Edison International has a 1-year low of $49.06 and a 1-year high of $88.77.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 earnings per share 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 analyst estimates of $3.92 billion. Equities analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

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 paid a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.69%. Edison International's payout ratio is presently 100.30%.

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.