AMJ Financial Wealth Management Has $6.67 Million Holdings in Edison International (NYSE:EIX)

AMJ Financial Wealth Management grew its holdings in Edison International (NYSE:EIX) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 83,552 shares of the utilities provider’s stock after purchasing an additional 2,553 shares during the quarter. Edison International makes up approximately 1.8% of AMJ Financial Wealth Management’s holdings, making the stock its 28th biggest holding. AMJ Financial Wealth Management’s holdings in Edison International were worth $6,671,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Crews Bank & Trust bought a new position in Edison International in the fourth quarter valued at approximately $25,000. Larson Financial Group LLC boosted its position in shares of Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 195 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Edison International during the third quarter worth $32,000. Darwin Wealth Management LLC bought a new stake in Edison International in the third quarter valued at about $35,000. Finally, Sierra Ocean LLC bought a new stake in shares of Edison International in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Up 1.7 %

Edison International stock opened at $55.34 on Tuesday. Edison International has a fifty-two week low of $49.06 and a fifty-two week high of $88.77. The firm has a market capitalization of $21.42 billion, a PE ratio of 16.23, a P/E/G ratio of 1.07 and a beta of 0.90. The company’s 50-day moving average is $60.89 and its 200-day moving average is $76.21. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (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 business had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $3.92 billion. Sell-side analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

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 given a dividend of $0.8275 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.98%. Edison International’s dividend payout ratio (DPR) is 100.30%.

Analyst Ratings Changes

Several brokerages recently issued reports on EIX. UBS Group upgraded 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 report on Tuesday, February 18th. Barclays reduced their price target on shares of Edison International from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday. Wells Fargo & Company dropped their price objective on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday. 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 note on Wednesday, January 15th. Finally, Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.25.

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.