UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 371,043 Shares of Edison International (NYSE:EIX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Edison International (NYSE:EIX - Free Report) by 7.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,163,408 shares of the utilities provider's stock after acquiring an additional 371,043 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.33% of Edison International worth $412,246,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Jamison Private Wealth Management Inc. raised its holdings in Edison International by 2.6% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider's stock worth $550,000 after buying an additional 174 shares during the last quarter. Bleakley Financial Group LLC grew its position in Edison International by 2.9% during the fourth quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider's stock valued at $503,000 after buying an additional 176 shares during the period. Whittier Trust Co. lifted its holdings in Edison International by 4.9% during the fourth quarter. Whittier Trust Co. now owns 4,295 shares of the utilities provider's stock valued at $343,000 after purchasing an additional 200 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in Edison International by 5.0% during the fourth quarter. Vontobel Holding Ltd. now owns 4,579 shares of the utilities provider's stock valued at $366,000 after purchasing an additional 216 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. lifted its holdings in Edison International by 5.2% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 4,403 shares of the utilities provider's stock valued at $352,000 after purchasing an additional 217 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Wall Street Analysts Forecast Growth

EIX has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a research note on Thursday, May 15th. Barclays increased their price target on shares of Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. 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 report on Tuesday, February 18th. Finally, The Goldman Sachs Group cut their target price on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $76.89.

Edison International Stock Up 0.7%

Edison International stock traded up $0.40 on Friday, hitting $56.62. 1,568,213 shares of the stock traded hands, compared to its average volume of 3,041,164. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The firm has a market cap of $21.78 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77. The business's fifty day simple moving average is $56.81 and its 200 day simple moving average is $64.46. Edison International has a 1 year low of $49.06 and a 1 year high of $88.77.

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

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th were given a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend was Monday, April 7th. Edison International's dividend payout ratio is presently 46.95%.

Edison International Company 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.