Edison International (NYSE:EIX) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC raised its holdings in shares of Edison International (NYSE:EIX - Free Report) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 107,398 shares of the utilities provider's stock after buying an additional 5,474 shares during the period. ProShare Advisors LLC's holdings in Edison International were worth $8,575,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EIX. Crews Bank & Trust bought a new position in Edison International during the fourth quarter valued at about $25,000. Sierra Ocean LLC bought a new stake in shares of Edison International during the fourth quarter worth $33,000. Raleigh Capital Management Inc. increased its holdings in Edison International by 285.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 311 shares during the last quarter. Bellwether Advisors LLC bought a new stake in shares of Edison International in the fourth quarter worth about $34,000. Finally, OFI Invest Asset Management acquired a new position in Edison International during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Trading Up 0.4%

EIX traded up $0.26 during trading on Tuesday, hitting $58.26. 1,697,407 shares of the stock were exchanged, compared to its average volume of 3,032,387. 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 firm has a 50 day simple moving average of $56.91 and a 200 day simple moving average of $64.86. The firm has a market cap of $22.42 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 1.07 and a beta of 0.77. 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 released its quarterly earnings data 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 firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 earnings per share. As a group, equities analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

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 5.68%. The ex-dividend date of this dividend was Monday, April 7th. Edison International's payout ratio is 46.95%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Evercore ISI restated an "outperform" rating on shares of Edison International in a report on Thursday, May 15th. Barclays increased their price objective on shares of Edison International from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Mizuho decreased their price objective on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. UBS Group raised Edison International from a "neutral" rating to a "buy" rating and cut their price target for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Edison International in a report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $76.89.

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.