Barrow Hanley Mewhinney & Strauss LLC Has $28.60 Million Stock Position in Edison International (NYSE:EIX)

Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Edison International (NYSE:EIX - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,176 shares of the utilities provider's stock after purchasing an additional 23,631 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.09% of Edison International worth $28,597,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. boosted its position in Edison International by 2.6% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider's stock valued at $550,000 after acquiring an additional 174 shares during the last quarter. Bleakley Financial Group LLC boosted its position in Edison International by 2.9% during the fourth quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider's stock valued at $503,000 after acquiring an additional 176 shares during the last quarter. Whittier Trust Co. boosted its position in Edison International by 4.9% during the fourth quarter. Whittier Trust Co. now owns 4,295 shares of the utilities provider's stock valued at $343,000 after acquiring an additional 200 shares during the last quarter. Vontobel Holding Ltd. boosted its position in Edison International by 5.0% during the fourth quarter. Vontobel Holding Ltd. now owns 4,579 shares of the utilities provider's stock valued at $366,000 after acquiring an additional 216 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. boosted its position in Edison International by 5.2% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 4,403 shares of the utilities provider's stock valued at $352,000 after acquiring an additional 217 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Trading Down 1.4%

EIX opened at $56.17 on Friday. 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 has a fifty-two week low of $49.06 and a fifty-two week high of $88.77. The firm has a market capitalization of $21.61 billion, a PE ratio of 16.47, a P/E/G ratio of 1.07 and a beta of 0.77. The company's 50-day moving average is $56.85 and its 200 day moving average is $64.63.

Edison International (NYSE:EIX - Get Free Report) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share for the quarter, topping 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 company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the business posted $1.13 EPS. The firm's revenue was down 6.5% compared to the same quarter last year. As a group, research analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 7th were issued a $0.8275 dividend. The ex-dividend date was Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.89%. Edison International's dividend payout ratio is presently 46.95%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. Guggenheim lowered shares of Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. The Goldman Sachs Group dropped their price objective on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their price objective on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a report on Monday. Finally, UBS Group upgraded shares of Edison International from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $76.89.

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.

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