AE Wealth Management LLC Has $13.35 Million Stock Holdings in Edison International (NYSE:EIX)

AE Wealth Management LLC increased its holdings in shares of Edison International (NYSE:EIX - Free Report) by 25.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 226,523 shares of the utilities provider's stock after purchasing an additional 45,926 shares during the period. AE Wealth Management LLC owned 0.06% of Edison International worth $13,347,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Rakuten Securities Inc. boosted its stake in shares of Edison International by 4,633.3% during the 1st quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider's stock worth $25,000 after acquiring an additional 417 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in Edison International during the 1st quarter valued at $25,000. Bellwether Advisors LLC bought a new position in Edison International during the fourth quarter worth $34,000. Mizuho Bank Ltd. bought a new position in Edison International during the fourth quarter worth $50,000. Finally, Versant Capital Management Inc increased its holdings in shares of Edison International by 96.7% in the first quarter. Versant Capital Management Inc now owns 881 shares of the utilities provider's stock valued at $52,000 after purchasing an additional 433 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Morgan Stanley reduced their target price on shares of Edison International from $52.00 to $51.00 and set an "underweight" rating for the company in a report on Wednesday, June 18th. Barclays raised their price objective on shares of Edison International from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. JPMorgan Chase & Co. dropped their price target on Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a report on Monday, May 19th. Finally, Wolfe Research lowered Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.82.

Edison International Price Performance

EIX traded down $0.87 on Thursday, hitting $51.43. 2,985,758 shares of the stock were exchanged, compared to its average volume of 3,627,143. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.96 and a quick ratio of 0.89. Edison International has a 12 month low of $47.73 and a 12 month high of $88.77. The firm has a market capitalization of $19.79 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 1.23 and a beta of 0.75. The business has a 50-day moving average of $52.51 and a two-hundred day moving average of $55.09.

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, topping analysts' consensus estimates of $1.21 by $0.16. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $4.29 billion. Edison International had a net margin of 16.84% and a return on equity of 13.21%. The firm's quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.13 EPS. Sell-side analysts forecast that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, July 7th will be paid a $0.8275 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $3.31 annualized dividend and a dividend yield of 6.44%. Edison International's payout ratio is 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.