Edison International (NYSE:EIX) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its holdings in Edison International (NYSE:EIX - Free Report) by 33.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,222 shares of the utilities provider's stock after purchasing an additional 6,643 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Edison International were worth $1,545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EIX. Vanguard Group Inc. boosted its position in shares of Edison International by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider's stock valued at $3,879,408,000 after acquiring an additional 1,559,501 shares during the last quarter. Geode Capital Management LLC raised its holdings in Edison International by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 9,983,519 shares of the utilities provider's stock valued at $795,123,000 after buying an additional 362,999 shares during the period. Northern Trust Corp raised its holdings in Edison International by 53.9% during the 4th quarter. Northern Trust Corp now owns 5,757,034 shares of the utilities provider's stock valued at $459,642,000 after buying an additional 2,016,017 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Edison International by 7.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,163,408 shares of the utilities provider's stock valued at $412,246,000 after buying an additional 371,043 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Edison International by 1.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,133,574 shares of the utilities provider's stock valued at $409,865,000 after buying an additional 50,451 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EIX shares. Morgan Stanley decreased their price target on Edison International from $52.00 to $51.00 and set an "underweight" rating on the stock in a report on Wednesday, June 18th. JPMorgan Chase & Co. decreased their price target on Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a report on Monday, May 19th. Evercore ISI restated an "outperform" rating on shares of Edison International in a report on Thursday, May 15th. Barclays increased their price target on Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Wolfe Research lowered Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $76.82.

Edison International Stock Down 0.2%

Shares of Edison International stock traded down $0.08 during trading on Monday, hitting $50.98. 2,555,380 shares of the stock traded hands, compared to its average volume of 3,379,575. The firm has a market cap of $19.62 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 1.19 and a beta of 0.75. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 2.06. Edison International has a 52-week low of $47.73 and a 52-week high of $88.77. The stock's fifty day simple moving average is $53.38 and its 200 day simple moving average is $56.54.

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, beating 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 for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the firm posted $1.13 earnings per share. The business's revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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 yield of 6.49%. The ex-dividend date of this dividend is Monday, July 7th. Edison International's payout ratio is currently 46.95%.

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.