Edison International (NYSE:EIX) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System boosted its holdings in shares of Edison International (NYSE:EIX - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 894,478 shares of the utilities provider's stock after purchasing an additional 47,045 shares during the period. California State Teachers Retirement System owned approximately 0.23% of Edison International worth $71,415,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in EIX. Crews Bank & Trust purchased a new stake in Edison International during the fourth quarter valued at about $25,000. Sierra Ocean LLC acquired a new position in Edison International in the 4th quarter worth approximately $33,000. ST Germain D J Co. Inc. grew its position in Edison International by 88.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider's stock worth $34,000 after purchasing an additional 200 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in Edison International by 285.3% during the 4th quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 311 shares during the period. Finally, Bellwether Advisors LLC purchased a new stake in shares of Edison International in the fourth quarter valued at $34,000. 88.95% of the stock is currently owned by institutional investors.

Edison International Price Performance

Shares of NYSE:EIX opened at $58.75 on Wednesday. The stock has a market capitalization of $22.62 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.07 and a beta of 0.74. The business has a 50-day moving average of $56.38 and a two-hundred day moving average of $67.80. Edison International has a fifty-two week low of $49.06 and a fifty-two 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.16. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The firm had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter in the prior year, the business earned $1.13 earnings per share. The company's revenue was down 6.5% on a year-over-year basis. On average, equities research analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be paid a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.63%. Edison International's payout ratio is presently 100.30%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EIX shares. UBS Group upgraded Edison International from a "neutral" rating to a "buy" rating and lowered their price target for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Mizuho dropped their target price on Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group decreased their price target on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. 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 note on Wednesday, January 15th. Finally, Guggenheim lowered shares of Edison International from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Edison International currently has a consensus rating of "Moderate Buy" and an average price target of $76.75.

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.

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