Edison International (NYSE:EIX) Stock Position Increased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its position in Edison International (NYSE:EIX) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,087 shares of the utilities provider’s stock after purchasing an additional 966 shares during the period. Orion Portfolio Solutions LLC’s holdings in Edison International were worth $1,284,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Benjamin Edwards Inc. bought a new position in Edison International in the 3rd quarter worth approximately $1,100,000. Hilltop Holdings Inc. boosted its position in Edison International by 14.0% during the 3rd quarter. Hilltop Holdings Inc. now owns 4,424 shares of the utilities provider’s stock worth $385,000 after acquiring an additional 542 shares during the period. HighTower Advisors LLC grew its stake in shares of Edison International by 2.9% in the third quarter. HighTower Advisors LLC now owns 39,237 shares of the utilities provider’s stock worth $3,404,000 after purchasing an additional 1,111 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Edison International during the third quarter valued at $1,452,000. Finally, IHT Wealth Management LLC bought a new stake in shares of Edison International during the third quarter valued at about $245,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Down 6.3 %

NYSE:EIX opened at $54.71 on Friday. The business’s fifty day moving average price is $54.84 and its 200 day moving average price is $71.65. The firm has a market capitalization of $21.06 billion, a price-to-earnings ratio of 16.04, a PEG 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 has a 1-year low of $49.06 and a 1-year high of $88.77.

Edison International (NYSE:EIX) last issued its 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 business had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. On average, sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be given a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a yield of 6.05%. Edison International’s payout ratio is 100.30%.

Analyst Upgrades and Downgrades

Several research firms have commented on EIX. Guggenheim cut shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. UBS Group raised Edison International from a “neutral” rating to a “buy” rating and decreased their price target for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. Mizuho reduced 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. Finally, Morgan Stanley increased their target price on shares of Edison International from $48.00 to $52.00 and gave the company an “underweight” rating in a research note on Thursday, March 20th. One investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $76.82.

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.