Tredje AP fonden Decreases Position in Edison International (NYSE:EIX)

Tredje AP fonden decreased its holdings in Edison International (NYSE:EIX - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,871 shares of the utilities provider's stock after selling 29,871 shares during the quarter. Tredje AP fonden's holdings in Edison International were worth $2,385,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EIX. Crews Bank & Trust bought a new stake in shares of Edison International in the fourth quarter worth $25,000. Groupama Asset Managment boosted its position in Edison International by 0.8% during the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 237 shares during the last quarter. Larson Financial Group LLC boosted its position in Edison International by 125.0% during the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 195 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in Edison International during the third quarter valued at $32,000. Finally, Sierra Ocean LLC bought a new position in shares of Edison International during the 4th quarter worth about $33,000. Institutional investors own 88.95% of the company's stock.

Edison International Price Performance

NYSE:EIX traded up $1.18 during trading hours on Friday, hitting $57.01. The stock had a trading volume of 3,615,120 shares, compared to its average volume of 6,009,011. The company has a 50 day simple moving average of $56.56 and a two-hundred day simple moving average of $74.48. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. Edison International has a one year low of $49.06 and a one year high of $88.77. The firm has a market capitalization of $21.95 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 1.07 and a beta of 0.87.

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Edison International (NYSE:EIX - Get Free Report) last announced its quarterly 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 firm had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Research analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend is Monday, April 7th. Edison International's dividend payout ratio (DPR) is currently 100.30%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EIX. Mizuho cut their price objective on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. The Goldman Sachs Group cut their price objective 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 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. Guggenheim cut shares of Edison International from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley lowered their target price on shares of Edison International from $71.00 to $48.00 and set an "underweight" rating on the stock in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Edison International has a consensus rating of "Moderate Buy" and an average price target of $76.54.

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.