Janus Henderson Group PLC Sells 48,252 Shares of Edison International (NYSE:EIX)

Janus Henderson Group PLC lessened its stake in Edison International (NYSE:EIX - Free Report) by 49.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,050 shares of the utilities provider's stock after selling 48,252 shares during the quarter. Janus Henderson Group PLC's holdings in Edison International were worth $3,995,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Jamison Private Wealth Management Inc. lifted 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 acquiring an additional 174 shares during the period. Bleakley Financial Group LLC lifted its holdings 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 worth $503,000 after acquiring 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 worth $343,000 after acquiring an additional 200 shares during the period. 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 worth $366,000 after acquiring an additional 216 shares during the period. 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 worth $352,000 after acquiring an additional 217 shares during the period. Institutional investors own 88.95% of the company's stock.

Edison International Price Performance

Shares of NYSE EIX opened at $57.92 on Tuesday. The stock has a market cap of $22.29 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77. Edison International has a fifty-two week low of $49.06 and a fifty-two week high of $88.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The stock has a fifty day moving average of $56.86 and a 200-day moving average of $64.90.

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

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 7th were given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 5.71%. The ex-dividend date was Monday, April 7th. Edison International's payout ratio is 46.95%.

Wall Street Analysts Forecast Growth

EIX has been the topic of several research reports. Morgan Stanley restated an "overweight" rating on shares of Edison International in a research note on Wednesday, April 23rd. Evercore ISI restated an "outperform" rating on shares of Edison International in a research note on Thursday. Mizuho lowered their target price on Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Wells Fargo & Company lowered their target price on Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Finally, The Goldman Sachs Group lowered their target price on Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $76.89.

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.

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