Blackhawk Capital Partners LLC. Purchases New Position in Edison International (NYSE:EIX)

Blackhawk Capital Partners LLC. bought a new stake in Edison International (NYSE:EIX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,779 shares of the utilities provider's stock, valued at approximately $399,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EIX. Oppenheimer & Co. Inc. raised its holdings in shares of Edison International by 98.7% during the first quarter. Oppenheimer & Co. Inc. now owns 10,982 shares of the utilities provider's stock valued at $647,000 after purchasing an additional 5,454 shares during the period. Tounjian Advisory Partners LLC acquired a new position in shares of Edison International during the first quarter valued at about $1,151,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Edison International by 135.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 123,851 shares of the utilities provider's stock valued at $7,297,000 after purchasing an additional 71,159 shares during the period. GAMMA Investing LLC raised its holdings in shares of Edison International by 4,157.4% during the first quarter. GAMMA Investing LLC now owns 145,179 shares of the utilities provider's stock valued at $8,554,000 after purchasing an additional 141,769 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of Edison International by 17.2% during the first quarter. Janney Montgomery Scott LLC now owns 107,332 shares of the utilities provider's stock worth $6,324,000 after acquiring an additional 15,718 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Wall Street Analysts Forecast Growth

EIX has been the subject of several recent research reports. Morgan Stanley decreased their target price on shares of Edison International from $52.00 to $51.00 and set an "underweight" rating for the company in a research report on Wednesday, June 18th. JPMorgan Chase & Co. decreased their target price on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research report on Monday, May 19th. Evercore ISI reissued an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. Barclays boosted their target price on shares of Edison International from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Wolfe Research downgraded shares of Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Edison International currently has a consensus rating of "Moderate Buy" and an average price target of $76.82.

Edison International Stock Performance

Shares of Edison International stock traded down $0.22 on Friday, reaching $51.07. 2,947,865 shares of the company traded hands, compared to its average volume of 3,375,268. Edison International has a 52 week low of $47.73 and a 52 week high of $88.77. The company has a 50 day moving average of $53.38 and a 200 day moving average of $56.86. The firm has a market capitalization of $19.65 billion, a PE ratio of 7.24, a PEG ratio of 1.20 and a beta of 0.75. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.96 and a quick ratio of 0.89.

Edison International (NYSE:EIX - Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. Edison International had a net margin of 16.84% and a return on equity of 13.21%. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm earned $1.13 EPS. The company's revenue was down 6.5% compared to the same quarter last year. Equities analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, July 7th will be given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date of this dividend is Monday, July 7th. Edison International's dividend payout ratio is currently 46.95%.

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.