Edison International (NYSE:EIX) Shares Sold by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC reduced its stake in Edison International (NYSE:EIX - Free Report) by 15.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of EIX. Norges Bank purchased a new position in shares of Edison International in the 4th quarter worth about $323,443,000. Canada Pension Plan Investment Board lifted its position in Edison International by 364.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 3,369,535 shares of the utilities provider's stock worth $269,024,000 after buying an additional 2,643,571 shares during the last quarter. Northern Trust Corp boosted its stake in Edison International by 53.9% in the fourth quarter. Northern Trust Corp now owns 5,757,034 shares of the utilities provider's stock worth $459,642,000 after buying an additional 2,016,017 shares in the last quarter. Ameriprise Financial Inc. grew its position in Edison International by 149.3% during the fourth quarter. Ameriprise Financial Inc. now owns 2,793,795 shares of the utilities provider's stock valued at $223,057,000 after acquiring an additional 1,673,204 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Edison International by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider's stock worth $3,879,408,000 after acquiring an additional 1,559,501 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Trading Up 0.8%

Shares of NYSE EIX traded up $0.46 during trading hours on Tuesday, hitting $57.10. 2,237,852 shares of the company traded hands, compared to its average volume of 3,044,131. The company's 50 day moving average price is $56.77 and its 200 day moving average price is $64.04. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The stock has a market capitalization of $21.97 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth 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.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.37 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the firm earned $1.13 earnings per share. Edison International's quarterly revenue was down 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th were paid a $0.8275 dividend. The ex-dividend date was Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.80%. Edison International's dividend payout ratio is currently 46.95%.

Analyst Ratings Changes

Several equities analysts recently commented on EIX shares. Barclays increased their target price on shares of Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Evercore ISI reissued an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. Morgan Stanley set a $52.00 price objective on shares of Edison International and gave the company an "underweight" rating in a report on Thursday, May 22nd. The Goldman Sachs Group lowered their target price on Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Finally, Wells Fargo & Company cut their price target on Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. One 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. Based on data from MarketBeat.com, the company presently has an average 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.