Dimensional Fund Advisors LP Increases Holdings in Edison International (NYSE:EIX)

Dimensional Fund Advisors LP raised its stake in Edison International (NYSE:EIX - Free Report) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,724,796 shares of the utilities provider's stock after purchasing an additional 74,314 shares during the quarter. Dimensional Fund Advisors LP owned 0.45% of Edison International worth $137,706,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EIX. Crews Bank & Trust bought a new stake in Edison International during the 4th quarter valued at $25,000. Sierra Ocean LLC purchased a new stake in shares of Edison International during the fourth quarter worth about $33,000. Raleigh Capital Management Inc. grew its stake in shares of Edison International by 285.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider's stock worth $34,000 after purchasing an additional 311 shares during the last quarter. ST Germain D J Co. Inc. raised its holdings in shares of Edison International by 88.1% during the fourth quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 200 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Edison International by 171.5% during the fourth quarter. Versant Capital Management Inc now owns 448 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company's stock.

Edison International Price Performance

Shares of Edison International stock traded down $5.24 on Wednesday, hitting $53.49. 5,355,380 shares of the company traded hands, compared to its average volume of 2,964,470. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77. The business has a 50-day simple moving average of $56.38 and a 200 day simple moving average of $67.80. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The stock has a market capitalization of $20.59 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.37 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter in the previous year, the company earned $1.13 EPS. The business's quarterly revenue was down 6.5% compared to the same quarter last year. Research analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

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 issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 6.19%. The ex-dividend date of this dividend is Monday, April 7th. Edison International's dividend payout ratio is presently 100.30%.

Analyst Ratings Changes

A number of research firms recently issued reports on EIX. Barclays decreased their price target on shares of Edison International from $65.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley reiterated an "overweight" rating on shares of Edison International in a research report on Wednesday, April 23rd. UBS Group upgraded Edison International from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $69.00 to $65.00 in a research note on Tuesday, February 18th. The Goldman Sachs Group decreased their target price on Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Finally, 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. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Edison International has an average rating of "Moderate Buy" and a consensus target price of $76.75.

About Edison International

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.