5,423 Shares in Edison International (NYSE:EIX) Purchased by Parcion Private Wealth LLC

Parcion Private Wealth LLC purchased a new stake in Edison International (NYSE:EIX - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,423 shares of the utilities provider's stock, valued at approximately $320,000.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in Edison International by 7.1% during the 1st quarter. Victory Capital Management Inc. now owns 970,686 shares of the utilities provider's stock worth $57,193,000 after buying an additional 64,141 shares during the period. Larson Financial Group LLC raised its stake in shares of Edison International by 209.0% in the first quarter. Larson Financial Group LLC now owns 1,168 shares of the utilities provider's stock valued at $69,000 after acquiring an additional 790 shares in the last quarter. Pinkerton Retirement Specialists LLC boosted its holdings in Edison International by 18.1% in the first quarter. Pinkerton Retirement Specialists LLC now owns 71,432 shares of the utilities provider's stock valued at $4,209,000 after purchasing an additional 10,934 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Edison International during the 1st quarter worth $213,000. Finally, Sigma Planning Corp raised its position in Edison International by 18.5% in the 1st quarter. Sigma Planning Corp now owns 3,840 shares of the utilities provider's stock valued at $226,000 after purchasing an additional 600 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EIX has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut 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. Barclays boosted 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. Evercore ISI reiterated an "outperform" rating on shares of Edison International in a research note on Thursday, May 15th. Wolfe Research cut shares of Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Finally, Morgan Stanley lowered their target price on shares of Edison International from $52.00 to $51.00 and set an "underweight" rating for the company in a report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Edison International currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.82.

Edison International Price Performance

EIX traded down $0.19 during midday trading on Friday, reaching $51.14. 2,995,596 shares of the company's stock were exchanged, compared to its average volume of 3,398,562. Edison International has a 1-year low of $47.73 and a 1-year high of $88.77. The stock has a market capitalization of $19.68 billion, a PE ratio of 7.25, a P/E/G ratio of 1.21 and a beta of 0.75. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.96 and a quick ratio of 0.89. The business's 50-day moving average price is $52.91 and its 200 day moving average price is $55.86.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.16. The firm 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 13.21% and a net margin of 16.84%. The firm's quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. As a group, equities analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, July 7th will be issued a $0.8275 dividend. The ex-dividend date is Monday, July 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.47%. Edison International's dividend payout ratio (DPR) is presently 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.