Victory Capital Management Inc. Has $57.19 Million Position in Edison International (NYSE:EIX)

Victory Capital Management Inc. boosted its stake in shares of Edison International (NYSE:EIX - Free Report) by 7.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 970,686 shares of the utilities provider's stock after acquiring an additional 64,141 shares during the quarter. Victory Capital Management Inc. owned about 0.25% of Edison International worth $57,193,000 as of its most recent filing with the Securities and Exchange Commission.

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

Edison International Price Performance

NYSE EIX traded down $0.19 during trading on Friday, reaching $51.14. 2,995,596 shares of the company traded hands, compared to its average volume of 3,406,889. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.89 and a current ratio of 0.96. The stock's 50 day moving average price is $52.91 and its two-hundred day moving average price is $55.86. The company has a market cap of $19.68 billion, a price-to-earnings ratio of 7.25, a P/E/G ratio of 1.21 and a beta of 0.75. Edison International has a 1-year low of $47.73 and a 1-year high of $88.77.

Edison International (NYSE:EIX - Get Free Report) last announced its earnings results 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 return on equity of 13.21% and a net margin of 16.84%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the business earned $1.13 EPS. Edison International's revenue was down 6.5% compared to the same quarter last year. As a group, analysts anticipate that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, July 7th will be issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 6.47%. The ex-dividend date is Monday, July 7th. Edison International's dividend payout ratio (DPR) is 46.95%.

Analysts Set New Price Targets

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

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.