IFM Investors Pty Ltd Acquires 5,961 Shares of Edison International (NYSE:EIX)

IFM Investors Pty Ltd boosted its holdings in shares of Edison International (NYSE:EIX - Free Report) by 4.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,256 shares of the utilities provider's stock after purchasing an additional 5,961 shares during the period. IFM Investors Pty Ltd's holdings in Edison International were worth $9,030,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its position 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 purchasing an additional 5,454 shares during the last quarter. Tounjian Advisory Partners LLC bought a new position in shares of Edison International in the 1st quarter worth $1,151,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Edison International by 135.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 123,851 shares of the utilities provider's stock worth $7,297,000 after acquiring an additional 71,159 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Edison International by 4,157.4% during the first quarter. GAMMA Investing LLC now owns 145,179 shares of the utilities provider's stock worth $8,554,000 after acquiring an additional 141,769 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Edison International by 17.2% during the first quarter. Janney Montgomery Scott LLC now owns 107,332 shares of the utilities provider's stock worth $6,324,000 after acquiring an additional 15,718 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Price Performance

Shares of EIX stock traded down $0.84 during trading on Monday, hitting $50.88. The company had a trading volume of 960,341 shares, compared to its average volume of 3,313,363. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.89 and a current ratio of 0.96. The firm has a market capitalization of $19.58 billion, a P/E ratio of 7.21, a price-to-earnings-growth ratio of 1.23 and a beta of 0.75. The stock's 50-day moving average price is $53.90 and its 200 day moving average price is $57.55. Edison International has a one year low of $47.73 and a one year high of $88.77.

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 (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16. Edison International had a return on equity of 13.21% and a net margin of 16.84%. The business had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the previous year, the company posted $1.13 earnings per share. The firm's revenue for the quarter was down 6.5% compared to the same quarter last year. Equities analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, July 7th will be paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 6.51%. The ex-dividend date of this dividend is Monday, July 7th. Edison International's payout ratio is presently 46.95%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wolfe Research lowered Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. JPMorgan Chase & Co. reduced their target price on Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock 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 report on Thursday, May 1st. Evercore ISI reiterated an "outperform" rating on shares of Edison International in a report on Thursday, May 15th. Finally, Morgan Stanley reduced their target price on Edison International from $52.00 to $51.00 and set an "underweight" rating on the stock in a report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, five have assigned 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 target price of $76.82.

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.