Elo Mutual Pension Insurance Co Has $3.40 Million Holdings in Edison International (NYSE:EIX)

Elo Mutual Pension Insurance Co boosted its holdings in shares of Edison International (NYSE:EIX) by 25.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 42,617 shares of the utilities provider’s stock after buying an additional 8,654 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Edison International were worth $3,403,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EIX. Crews Bank & Trust bought a new position in shares of Edison International in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC raised its position in shares of Edison International by 125.0% in the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 195 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Edison International in the fourth quarter worth $33,000. Raleigh Capital Management Inc. lifted its stake in shares of Edison International by 285.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider’s stock worth $34,000 after buying an additional 311 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of Edison International by 88.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock worth $34,000 after buying an additional 200 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Edison International Price Performance

NYSE:EIX opened at $58.20 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The company has a 50-day moving average of $55.00 and a 200-day moving average of $72.59. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77. The company has a market capitalization of $22.41 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.07 and a beta of 0.87.

Edison International (NYSE:EIX) last released 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 net margin of 8.52% and a return on equity of 13.17%. The company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $3.92 billion. As a group, equities research analysts anticipate 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. Shareholders 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 yield of 5.69%. Edison International’s dividend payout ratio is currently 100.30%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price for the company in a research report on Wednesday, January 15th. Mizuho cut their price objective on Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Barclays lowered their target price on Edison International from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $72.00 price target on shares of Edison International in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group lowered 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 note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.82.

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.