Edison International (NYSE:EIX) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its stake in shares of Edison International (NYSE:EIX - Free Report) by 40.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,038 shares of the utilities provider's stock after purchasing an additional 12,741 shares during the period. Quantinno Capital Management LP's holdings in Edison International were worth $3,516,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Crews Bank & Trust purchased a new stake in Edison International during the fourth quarter worth about $25,000. Sierra Ocean LLC purchased a new position in Edison International in the fourth quarter valued at about $33,000. Raleigh Capital Management Inc. lifted its position in shares of Edison International by 285.3% during the 4th quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 311 shares during the period. Bellwether Advisors LLC purchased a new stake in shares of Edison International during the 4th quarter worth approximately $34,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Edison International during the 4th quarter worth approximately $38,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Stock Performance

Shares of EIX opened at $58.62 on Monday. Edison International has a 1 year low of $49.06 and a 1 year high of $88.77. The company's 50 day simple moving average is $56.81 and its 200 day simple moving average is $65.07. The company has a market capitalization of $22.55 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.07 and a beta of 0.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.16. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the firm posted $1.13 EPS. Edison International's revenue was down 6.5% on a year-over-year basis. On average, sell-side analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th were paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend was Monday, April 7th. Edison International's payout ratio is 46.95%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EIX shares. Guggenheim downgraded Edison International from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. 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. Barclays increased their price objective on shares of Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. The Goldman Sachs Group dropped their target price on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Finally, UBS Group upgraded shares of Edison International from a "neutral" rating to a "buy" rating and cut their target price for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $76.96.

Edison International 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.

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