Edison International (NYSE:EIX) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group grew its position in Edison International (NYSE:EIX) by 31.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 785,083 shares of the utilities provider’s stock after purchasing an additional 186,265 shares during the period. Schroder Investment Management Group owned approximately 0.20% of Edison International worth $62,555,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EIX. Allianz SE bought a new position in Edison International in the 4th quarter worth approximately $829,000. Intrust Bank NA boosted its position in Edison International by 11.7% during the 4th quarter. Intrust Bank NA now owns 5,603 shares of the utilities provider’s stock worth $447,000 after acquiring an additional 587 shares during the period. Allstate Corp bought a new position in shares of Edison International in the fourth quarter worth $938,000. RiverFront Investment Group LLC increased its holdings in shares of Edison International by 26.6% during the fourth quarter. RiverFront Investment Group LLC now owns 8,200 shares of the utilities provider’s stock valued at $655,000 after purchasing an additional 1,722 shares during the period. Finally, DnB Asset Management AS raised its stake in shares of Edison International by 10.1% during the fourth quarter. DnB Asset Management AS now owns 99,054 shares of the utilities provider’s stock valued at $7,908,000 after purchasing an additional 9,116 shares in the last quarter. 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 recent analyst reports. The Goldman Sachs Group decreased their target price on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Wells Fargo & Company lowered their price objective on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Morgan Stanley boosted their target price on Edison International from $48.00 to $52.00 and gave the stock an “underweight” rating in a report on Thursday, March 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $72.00 price target on shares of Edison International in a research note on Wednesday, February 12th. Finally, Mizuho dropped their price objective on Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.82.

Edison International Stock Performance

Edison International stock opened at $58.95 on Tuesday. Edison International has a fifty-two week low of $49.06 and a fifty-two week high of $88.77. The firm’s 50 day simple moving average is $54.93 and its 200-day simple moving average is $72.24. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The company has a market cap of $22.70 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.03). The firm 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 research analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The firm 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 5.61%. Edison International’s payout ratio is presently 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.