Nwam LLC Increases Stock Position in Edison International (NYSE:EIX)

Nwam LLC lifted its holdings in shares of Edison International (NYSE:EIX) by 16.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,388 shares of the utilities provider’s stock after buying an additional 777 shares during the period. Nwam LLC’s holdings in Edison International were worth $430,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Crews Bank & Trust purchased a new position in Edison International in the fourth quarter worth $25,000. Larson Financial Group LLC grew its stake in shares of Edison International by 125.0% during 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 period. Prospera Private Wealth LLC purchased a new position in shares of Edison International in the 3rd quarter valued at about $32,000. Darwin Wealth Management LLC purchased a new stake in Edison International during the third quarter worth about $35,000. Finally, Sierra Ocean LLC acquired a new position in Edison International during the fourth quarter worth about $33,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Trading Up 6.0 %

Shares of EIX stock opened at $54.45 on Friday. The firm’s 50-day simple moving average is $61.38 and its 200-day simple moving average is $76.46. 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 has a 1-year low of $49.06 and a 1-year high of $88.77. The firm has a market cap of $21.08 billion, a P/E ratio of 15.97, a PEG ratio of 1.07 and a beta of 0.90.

Edison International (NYSE:EIX) last posted its quarterly 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 company had revenue of $17.60 billion for 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, equities analysts forecast that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The company 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 dividend of $0.8275 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 annualized dividend and a yield of 6.08%. Edison International’s dividend payout ratio is presently 97.07%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company lowered their price target on Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. restated a “neutral” rating and issued a $72.00 price target on shares of Edison International in a research report on Wednesday, February 12th. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective on the stock in a research report on Wednesday, January 15th. UBS Group upgraded shares of Edison International from a “neutral” rating to a “buy” rating and dropped their target price for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Finally, Morgan Stanley dropped their price objective on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating for the company in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.75.

Edison International 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.