Universal Beteiligungs und Servicegesellschaft mbH Cuts Stock Position in Edison International (NYSE:EIX)

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in Edison International (NYSE:EIX - Free Report) by 4.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 520,630 shares of the utilities provider's stock after selling 27,065 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.14% of Edison International worth $30,676,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Oppenheimer & Co. Inc. grew its stake in shares of Edison International by 98.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,982 shares of the utilities provider's stock worth $647,000 after acquiring an additional 5,454 shares in the last quarter. Tounjian Advisory Partners LLC bought a new stake in Edison International in the 1st quarter worth about $1,151,000. Wealth Enhancement Advisory Services LLC increased its stake in Edison International by 135.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 123,851 shares of the utilities provider's stock valued at $7,297,000 after buying an additional 71,159 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Edison International by 4,157.4% during the 1st quarter. GAMMA Investing LLC now owns 145,179 shares of the utilities provider's stock worth $8,554,000 after buying an additional 141,769 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Edison International by 17.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 107,332 shares of the utilities provider's stock worth $6,324,000 after buying an additional 15,718 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Analyst Upgrades and Downgrades

EIX has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a report on Monday, May 19th. Barclays lifted their target price on Edison International from $64.00 to $67.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Wolfe Research cut shares of Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Morgan Stanley dropped their price objective 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. Finally, Evercore ISI reissued an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. One investment 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 data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $76.35.

Edison International Price Performance

Shares of EIX stock traded up $1.53 during trading hours on Friday, reaching $52.95. The stock had a trading volume of 4,214,949 shares, compared to its average volume of 3,632,440. The stock's fifty day simple moving average is $52.40 and its 200 day simple moving average is $54.83. The firm has a market capitalization of $20.37 billion, a PE ratio of 7.51, a PEG ratio of 1.25 and a beta of 0.75. Edison International has a 12 month low of $47.73 and a 12 month high of $88.77. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 2.06.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. Edison International had a net margin of 16.84% and a return on equity of 13.21%. The firm 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 business earned $1.13 EPS. The business's revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities research analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, July 7th will be issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend is Monday, July 7th. Edison International's payout ratio is 46.95%.

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.