Asset Management One Co. Ltd. Purchases 18,723 Shares of Edison International (NYSE:EIX)

Asset Management One Co. Ltd. lifted its position in shares of Edison International (NYSE:EIX - Free Report) by 9.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 223,357 shares of the utilities provider's stock after buying an additional 18,723 shares during the period. Asset Management One Co. Ltd. owned about 0.06% of Edison International worth $13,160,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EIX. Whittier Trust Co. lifted its stake in shares of Edison International by 4.9% in the 4th quarter. Whittier Trust Co. now owns 4,295 shares of the utilities provider's stock valued at $343,000 after purchasing an additional 200 shares during the period. FSB Premier Wealth Management Inc. lifted its stake in shares of Edison International by 5.2% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 4,403 shares of the utilities provider's stock valued at $352,000 after purchasing an additional 217 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Edison International by 0.4% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 54,673 shares of the utilities provider's stock valued at $4,365,000 after purchasing an additional 218 shares during the period. KWB Wealth lifted its stake in shares of Edison International by 1.5% in the 1st quarter. KWB Wealth now owns 14,751 shares of the utilities provider's stock valued at $869,000 after purchasing an additional 218 shares during the period. Finally, SRS Capital Advisors Inc. lifted its stake in shares of Edison International by 27.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,115 shares of the utilities provider's stock valued at $89,000 after purchasing an additional 243 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Stock Up 0.3%

Shares of EIX stock traded up $0.13 during mid-day trading on Friday, hitting $50.94. The company's stock had a trading volume of 5,877,178 shares, compared to its average volume of 3,268,000. Edison International has a 52-week low of $47.73 and a 52-week high of $88.77. The business has a 50-day moving average price of $54.54 and a 200 day moving average price of $59.05. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.89 and a current ratio of 0.96. The stock has a market cap of $19.60 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 1.18 and a beta of 0.78.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.16. Edison International had a return on equity of 13.21% and a net margin of 16.84%. 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 previous year, the business earned $1.13 earnings per share. The company's revenue was down 6.5% on a year-over-year basis. Research analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, July 7th will be paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 6.50%. The ex-dividend date of this dividend is Monday, July 7th. Edison International's dividend payout ratio is currently 46.95%.

Analyst Ratings Changes

EIX has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their target price on Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Evercore ISI reiterated an "outperform" rating on shares of Edison International in a research note on Thursday, May 15th. Morgan Stanley lowered their price objective on Edison International from $52.00 to $51.00 and set an "underweight" rating for the company in a research note on Wednesday, June 18th. JPMorgan Chase & Co. lowered their price objective on Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research note on Monday, May 19th. Finally, Barclays lifted their price objective on Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.82.

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.