AQR Capital Management LLC increased its holdings in shares of Edison International (NYSE:EIX - Free Report) by 60.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,868,436 shares of the utilities provider's stock after purchasing an additional 701,910 shares during the period. AQR Capital Management LLC owned 0.48% of Edison International worth $149,176,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new position in Edison International during the 4th quarter worth approximately $25,000. Sierra Ocean LLC purchased a new stake in shares of Edison International during the fourth quarter valued at approximately $33,000. Raleigh Capital Management Inc. lifted its position in shares of Edison International by 285.3% during 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 in the last quarter. Bellwether Advisors LLC purchased a new position in shares of Edison International in the fourth quarter valued at $34,000. Finally, ST Germain D J Co. Inc. grew its holdings 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 valued at $34,000 after purchasing an additional 200 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.
Edison International Stock Performance
NYSE EIX traded up $0.36 during trading hours on Friday, reaching $54.92. The company's stock had a trading volume of 3,164,711 shares, compared to its average volume of 2,996,095. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The business has a 50-day simple moving average of $56.51 and a 200 day simple moving average of $67.28. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77. The stock has a market cap of $21.15 billion, a PE ratio of 16.11, a PEG 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.16. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $4.29 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The business's revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS. Equities research analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.
Edison International Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th were paid a $0.8275 dividend. The ex-dividend date was Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 6.03%. Edison International's payout ratio is currently 46.95%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on EIX. Guggenheim lowered Edison International from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. UBS Group upgraded Edison International from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. LADENBURG THALM/SH SH raised Edison International from a "sell" rating to a "neutral" rating and set a $56.50 target price on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company decreased their price target on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Finally, Barclays upped their price target on shares of Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Edison International currently has a consensus rating of "Moderate Buy" and an average price target of $76.96.
Check Out Our Latest Analysis on Edison International
Edison International Profile
(
Free Report)
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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