Drucker Wealth 3.0 LLC Sells 8,505 Shares of Edison International (NYSE:EIX)

Drucker Wealth 3.0 LLC lessened its position in Edison International (NYSE:EIX - Free Report) by 15.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,174 shares of the utilities provider's stock after selling 8,505 shares during the quarter. Drucker Wealth 3.0 LLC's holdings in Edison International were worth $3,766,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EIX. Jamison Private Wealth Management Inc. increased its stake in Edison International by 2.6% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider's stock worth $550,000 after buying an additional 174 shares during the period. Bleakley Financial Group LLC increased its stake in Edison International by 2.9% in the 4th quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider's stock worth $503,000 after buying an additional 176 shares during the period. Whittier Trust Co. increased its stake in Edison International by 4.9% in the 4th quarter. Whittier Trust Co. now owns 4,295 shares of the utilities provider's stock worth $343,000 after buying an additional 200 shares during the period. Vontobel Holding Ltd. increased its stake in Edison International by 5.0% in the 4th quarter. Vontobel Holding Ltd. now owns 4,579 shares of the utilities provider's stock worth $366,000 after buying an additional 216 shares during the period. Finally, FSB Premier Wealth Management Inc. increased its stake in 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 worth $352,000 after buying an additional 217 shares during the period. Institutional investors own 88.95% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on EIX. Morgan Stanley set a $52.00 price target on shares of Edison International and gave the stock an "underweight" rating in a research note on Thursday, May 22nd. The Goldman Sachs Group reduced their price target on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price target on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research note on Monday, May 19th. Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a research note on Thursday, May 15th. Finally, Mizuho cut their target price on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $76.89.

Edison International Stock Down 3.5%

Shares of NYSE:EIX traded down $1.99 during trading on Wednesday, reaching $55.11. The stock had a trading volume of 2,378,066 shares, compared to its average volume of 3,041,477. Edison International has a one year low of $49.06 and a one year high of $88.77. The company has a market capitalization of $21.20 billion, a P/E ratio of 16.16, a PEG ratio of 1.07 and a beta of 0.77. 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 firm's 50-day simple moving average is $56.73 and its 200 day simple moving average is $63.99.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly 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 8.52% and a return on equity of 13.17%. The business had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same period last year, the business earned $1.13 EPS. The company's revenue was down 6.5% compared to the same quarter last year. As a group, research analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th were issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date was Monday, April 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.