Edison International (NYSE:EIX) Shares Sold by Twin City Private Wealth LLC

Twin City Private Wealth LLC lessened its stake in Edison International (NYSE:EIX) by 31.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,182 shares of the utilities provider’s stock after selling 7,420 shares during the quarter. Twin City Private Wealth LLC’s holdings in Edison International were worth $1,292,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Crews Bank & Trust acquired a new stake in shares of Edison International in the fourth quarter valued at approximately $25,000. Larson Financial Group LLC grew its position in Edison International by 125.0% in the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 195 shares during the period. Sierra Ocean LLC purchased a new position in Edison International in the fourth quarter worth approximately $33,000. Raleigh Capital Management Inc. grew its position in 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 acquiring an additional 311 shares during the period. Finally, ST Germain D J Co. Inc. grew its position in Edison International by 88.1% in the fourth quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Down 1.0 %

Shares of NYSE EIX opened at $58.32 on Monday. The stock has a market cap of $22.45 billion, a P/E ratio of 17.10, 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 12-month low of $49.06 and a 12-month high of $88.77. The business’s fifty day simple moving average is $55.24 and its 200-day simple moving average is $73.41.

Edison International (NYSE:EIX) last announced 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 company had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. As a group, equities analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio is presently 100.30%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a research report on Wednesday, January 15th. UBS Group upgraded Edison International from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. Wells Fargo & Company lowered their price objective on Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Morgan Stanley increased their price objective on Edison International from $48.00 to $52.00 and gave the stock an “underweight” rating in a research report on Thursday. Finally, Mizuho lowered 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.