Tiemann Investment Advisors LLC Sells 300 Shares of Edison International (NYSE:EIX)

Tiemann Investment Advisors LLC decreased its holdings in Edison International (NYSE:EIX) by 7.3% in the fourth quarter, Holdings Channel reports. The fund owned 3,789 shares of the utilities provider’s stock after selling 300 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in Edison International were worth $303,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Crews Bank & Trust purchased a new stake in Edison International during the fourth quarter valued at approximately $25,000. Groupama Asset Managment increased its position in shares of Edison International by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 237 shares during the last quarter. Larson Financial Group LLC raised its holdings in Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after buying an additional 195 shares during the period. Prospera Private Wealth LLC bought a new stake in Edison International in the third quarter worth $32,000. Finally, Sierra Ocean LLC purchased a new position in Edison International during the fourth quarter worth $33,000. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 2.5 %

Shares of Edison International stock opened at $56.46 on Monday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The stock has a market cap of $21.74 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.07 and a beta of 0.87. The firm’s 50-day moving average is $58.91 and its two-hundred day moving average is $75.41. Edison International has a 1 year low of $49.06 and a 1 year high of $88.77.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.03). The business had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. As a group, research analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be issued a $0.8275 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.86%. Edison International’s dividend payout ratio is presently 100.30%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a research note on Friday, February 14th. The Goldman Sachs Group reduced 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 for the company in a research note on Wednesday, January 15th. UBS Group upgraded Edison International from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. Finally, Mizuho decreased their price target on Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. One investment 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.