Brandywine Global Investment Management LLC Has $47.33 Million Holdings in Edison International $EIX

Key Points

• Brandywine Global Investment Management LLC reduced its stake in Edison International by 8.5%, holding 803,360 shares valued at approximately $47.3 million as of the latest SEC filing.
• Recent analysis from different research firms has led to mixed ratings for EIX, with price targets ranging from $51.00 to $75.00, and a consensus rating of "Moderate Buy."
• Edison International announced a quarterly dividend of $0.8275 per share, providing an annualized yield of 5.9%, which reflects a payout ratio of 48.60%.

Brandywine Global Investment Management LLC lessened its holdings in shares of Edison International (NYSE:EIX - Free Report) by 8.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 803,360 shares of the utilities provider's stock after selling 74,776 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.21% of Edison International worth $47,334,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EIX. Advisory Services Network LLC lifted its position in shares of Edison International by 14.8% during the 4th quarter. Advisory Services Network LLC now owns 3,396 shares of the utilities provider's stock worth $271,000 after purchasing an additional 438 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new position in shares of Edison International during the 4th quarter worth about $212,000. Mariner LLC lifted its position in shares of Edison International by 36.5% during the 4th quarter. Mariner LLC now owns 64,768 shares of the utilities provider's stock worth $5,171,000 after purchasing an additional 17,312 shares during the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in shares of Edison International during the 4th quarter worth about $299,000. Finally, NewEdge Advisors LLC lifted its position in shares of Edison International by 4.4% during the 4th quarter. NewEdge Advisors LLC now owns 61,820 shares of the utilities provider's stock worth $4,936,000 after purchasing an additional 2,610 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wolfe Research cut Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Evercore ISI restated an "outperform" rating on shares of Edison International in a research note on Thursday, May 15th. Morgan Stanley lowered their price target on Edison International from $52.00 to $51.00 and set an "underweight" rating on the stock in a research note on Wednesday, June 18th. Barclays boosted their price target on Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. lowered their price target 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Edison International currently has a consensus rating of "Moderate Buy" and an average price target of $75.21.

Edison International Price Performance

Shares of EIX stock traded up $0.17 during trading hours on Monday, hitting $55.67. The company had a trading volume of 1,856,849 shares, compared to its average volume of 3,758,230. 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 $21.42 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 1.31 and a beta of 0.75. The firm's fifty day moving average is $51.91 and its 200 day moving average is $54.21. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.09. Edison International had a return on equity of 11.99% and a net margin of 16.00%. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same period in the prior year, the company posted $1.23 EPS. The company's revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 7th were paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Monday, July 7th. Edison International's dividend payout ratio is currently 48.60%.

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.