Two Sigma Advisers LP increased its holdings in shares of Edison International (NYSE:EIX) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 795,878 shares of the utilities provider’s stock after buying an additional 72,300 shares during the quarter. Two Sigma Advisers LP owned 0.24% of Edison International worth $50,331,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of EIX. Amica Retiree Medical Trust acquired a new stake in shares of Edison International in the third quarter worth about $138,000. Cerebellum GP LLC acquired a new position in shares of Edison International during the 4th quarter worth about $116,000. First Command Financial Services Inc. acquired a new position in shares of Edison International during the 4th quarter worth about $154,000. Advisory Services Network LLC lifted its position in shares of Edison International by 1,842.3% during the 4th quarter. Advisory Services Network LLC now owns 2,661 shares of the utilities provider’s stock worth $168,000 after purchasing an additional 2,524 shares during the last quarter. Finally, Sigma Planning Corp acquired a new position in shares of Edison International during the 3rd quarter worth about $239,000. Institutional investors and hedge funds own 82.22% of the company’s stock.
Several equities analysts recently issued reports on the company. SunTrust Banks restated a “buy” rating and set a $79.00 price target on shares of Edison International in a research note on Tuesday, December 26th. Zacks Investment Research lowered Edison International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Edward Jones lowered Edison International from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. JPMorgan Chase initiated coverage on Edison International in a research note on Friday, January 12th. They issued a “neutral” rating and a $67.00 price objective on the stock. Finally, Goldman Sachs set a $70.00 price target on Edison International and gave the stock a “hold” rating in a research report on Friday, December 15th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $76.86.
EIX stock traded down $0.28 during trading hours on Friday, reaching $63.38. 2,370,014 shares of the stock were exchanged, compared to its average volume of 3,303,272. The stock has a market cap of $20,741.14, a PE ratio of 14.21, a price-to-earnings-growth ratio of 2.79 and a beta of 0.13. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.84. Edison International has a 12 month low of $57.63 and a 12 month high of $83.38.
Edison International (NYSE:EIX) last released its earnings results on Thursday, February 22nd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.17. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Edison International had a return on equity of 10.86% and a net margin of 5.59%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.02 EPS. analysts forecast that Edison International will post 4.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be paid a $0.605 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $2.42 annualized dividend and a yield of 3.82%. Edison International’s dividend payout ratio (DPR) is currently 53.78%.
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Edison International Company Profile
Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.
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