Edison International (NYSE:EIX) Shares Sold by ATLAS Infrastructure Partners UK Ltd.

ATLAS Infrastructure Partners UK Ltd. decreased its position in shares of Edison International (NYSE:EIX - Free Report) by 71.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,479,087 shares of the utilities provider's stock after selling 3,696,431 shares during the quarter. Edison International makes up about 28.4% of ATLAS Infrastructure Partners UK Ltd.'s portfolio, making the stock its biggest holding. ATLAS Infrastructure Partners UK Ltd. owned approximately 0.38% of Edison International worth $118,090,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Barclays PLC grew its holdings in shares of Edison International by 16.9% during the 3rd quarter. Barclays PLC now owns 918,489 shares of the utilities provider's stock worth $79,991,000 after purchasing an additional 132,749 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Edison International during the third quarter valued at about $221,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Edison International in the 3rd quarter valued at approximately $188,000. Tidal Investments LLC lifted its holdings in shares of Edison International by 2.6% in the 3rd quarter. Tidal Investments LLC now owns 18,719 shares of the utilities provider's stock worth $1,630,000 after acquiring an additional 476 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Edison International by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 459,194 shares of the utilities provider's stock worth $39,991,000 after acquiring an additional 27,667 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on EIX shares. Barclays upped their price target on Edison International from $64.00 to $67.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Wells Fargo & Company lowered their price objective on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. LADENBURG THALM/SH SH upgraded Edison International from a "sell" rating to a "neutral" rating and set a $56.50 target price for the company in a report on Wednesday, January 15th. Mizuho cut their price target on Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $72.00 price objective on shares of Edison International in a research note on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $76.96.

Edison International Stock Performance

Shares of EIX traded up $0.03 during mid-day trading on Tuesday, reaching $54.96. 2,084,705 shares of the company's stock were exchanged, compared to its average volume of 3,003,618. The business's fifty day simple moving average is $56.56 and its 200-day simple moving average is $66.82. The stock has a market capitalization of $21.15 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77. 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 - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The business had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the prior year, the company earned $1.13 earnings per share. The business's revenue was down 6.5% compared to the same quarter last year. On average, equities research analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 7th were given a $0.8275 dividend. The ex-dividend date was Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a yield of 6.02%. Edison International's dividend payout ratio (DPR) is 46.95%.

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.