Jump Financial LLC Cuts Stock Position in Edison International (NYSE:EIX)

Jump Financial LLC decreased its holdings in Edison International (NYSE:EIX) by 83.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,598 shares of the utilities provider’s stock after selling 86,392 shares during the quarter. Jump Financial LLC’s holdings in Edison International were worth $1,405,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Crews Bank & Trust purchased a new position in Edison International in the 4th quarter valued at approximately $25,000. Sierra Ocean LLC acquired a new stake in shares of Edison International in the fourth quarter valued at $33,000. Raleigh Capital Management Inc. boosted its holdings in Edison International by 285.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 311 shares during the period. ST Germain D J Co. Inc. grew its stake in 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 purchasing an additional 200 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Edison International by 171.5% during the 4th quarter. Versant Capital Management Inc now owns 448 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 283 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

EIX has been the subject of a number of analyst reports. Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group lowered their price target on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. LADENBURG THALM/SH SH raised 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. Finally, Morgan Stanley lifted their price target on Edison International from $48.00 to $52.00 and gave the stock an “underweight” rating in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Edison International presently has a consensus rating of “Moderate Buy” and an average price target of $76.75.

Edison International Price Performance

Shares of NYSE:EIX opened at $57.37 on Friday. Edison International has a one year low of $49.06 and a one year high of $88.77. The stock has a market capitalization of $22.09 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 1.07 and a beta of 0.74. The company has a 50-day simple moving average of $55.47 and a 200-day simple moving average of $69.11. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $3.92 billion. On average, analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be given a dividend of $0.8275 per share. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.77%. Edison International’s payout ratio is currently 100.30%.

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.