Edgestream Partners L.P. Has $8.02 Million Holdings in Edison International (NYSE:EIX)

Edgestream Partners L.P. boosted its holdings in Edison International (NYSE:EIX) by 163.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,410 shares of the utilities provider’s stock after purchasing an additional 62,296 shares during the quarter. Edgestream Partners L.P.’s holdings in Edison International were worth $8,017,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. raised its position in shares of 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 in the last quarter. Jamison Private Wealth Management Inc. raised its holdings in Edison International by 2.6% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider’s stock valued at $550,000 after acquiring an additional 174 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of Edison International by 2.9% during the 4th 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 period. Old Port Advisors grew its holdings in shares of Edison International by 0.9% during the 4th 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 in the last quarter. Finally, Addison Advisors LLC increased its position in shares of Edison International by 19.3% in the third quarter. Addison Advisors LLC now owns 1,201 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 194 shares during the period. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of EIX stock opened at $55.07 on Friday. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The firm has a market capitalization of $21.32 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90. The firm has a fifty day simple moving average of $59.38 and a two-hundred day simple moving average of $75.72. 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) last released its quarterly earnings results 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). The firm had revenue of $17.60 billion for 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%. Analysts forecast that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be paid a $0.8275 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 annualized dividend and a yield of 6.01%. Edison International’s dividend payout ratio is currently 100.30%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EIX shares. The Goldman Sachs Group cut their price objective on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a research report on Tuesday. LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target for the company in a report on Wednesday, January 15th. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. Guggenheim cut Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Finally, Barclays decreased their price target on Edison International from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Edison International currently has an average rating of “Moderate Buy” and a consensus price target 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.