Tredje AP fonden Has $2.39 Million Stake in Edison International (NYSE:EIX)

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

Several other large investors have also bought and sold shares of the business. Assetmark Inc. lifted its holdings in Edison International by 32.9% in the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider's stock valued at $55,000 after buying an additional 157 shares during the period. Jamison Private Wealth Management Inc. raised its holdings in Edison International by 2.6% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider's stock worth $550,000 after purchasing an additional 174 shares during the period. Bleakley Financial Group LLC raised its holdings 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 worth $503,000 after purchasing an additional 176 shares during the period. Old Port Advisors raised its holdings in Edison International by 0.9% in the fourth quarter. Old Port Advisors now owns 19,292 shares of the utilities provider's stock worth $1,540,000 after purchasing an additional 180 shares during the period. Finally, Larson Financial Group LLC raised its holdings in Edison International by 125.0% in the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider's stock worth $31,000 after purchasing an additional 195 shares during the period. 88.95% of the stock is currently owned by institutional investors and hedge funds.

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Edison International Stock Performance

Shares of EIX traded up $1.18 during midday trading on Friday, reaching $57.01. The stock had a trading volume of 3,615,120 shares, compared to its average volume of 6,009,011. The firm has a 50 day simple moving average of $56.56 and a 200-day simple moving average of $74.55. Edison International has a one year low of $49.06 and a one year high of $88.77. The firm has a market cap of $21.95 billion, a PE ratio of 16.72, a P/E/G ratio of 1.07 and a beta of 0.87. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 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 net margin of 8.52% and a return on equity of 13.17%. As a group, sell-side analysts anticipate that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The business also recently announced 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. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date is Monday, April 7th. Edison International's dividend payout ratio is presently 100.30%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EIX shares. Guggenheim lowered shares of Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded shares of 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. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $72.00 target price on shares of Edison International in a report on Wednesday, February 12th. The Goldman Sachs Group cut their target price on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Finally, Mizuho lowered their price objective on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $76.54.

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.