Edison International (NYSE:EIX) Stake Trimmed by SFE Investment Counsel

SFE Investment Counsel cut its holdings in Edison International (NYSE:EIX - Free Report) by 50.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,200 shares of the utilities provider's stock after selling 21,975 shares during the period. SFE Investment Counsel's holdings in Edison International were worth $1,249,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EIX. FSB Premier Wealth Management Inc. boosted its stake in Edison International by 5.2% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 4,403 shares of the utilities provider's stock worth $352,000 after purchasing an additional 217 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Edison International by 0.4% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 54,673 shares of the utilities provider's stock valued at $4,365,000 after acquiring an additional 218 shares during the last quarter. KWB Wealth boosted its holdings in Edison International by 1.5% in the 1st quarter. KWB Wealth now owns 14,751 shares of the utilities provider's stock valued at $869,000 after purchasing an additional 218 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Edison International by 1.5% in the first quarter. Private Advisor Group LLC now owns 17,764 shares of the utilities provider's stock valued at $1,047,000 after acquiring an additional 254 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its holdings in Edison International by 11.5% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 2,735 shares of the utilities provider's stock valued at $161,000 after acquiring an additional 281 shares during the last quarter. Institutional investors own 88.95% of the company's stock.

Edison International Trading Up 3.0%

NYSE:EIX traded up $1.53 during mid-day trading on Friday, reaching $52.95. The company's stock had a trading volume of 4,214,949 shares, compared to its average volume of 3,632,440. The stock has a market cap of $20.37 billion, a P/E ratio of 7.51, a P/E/G ratio of 1.25 and a beta of 0.75. The company's fifty day simple moving average is $52.40 and its two-hundred day simple moving average is $54.83. Edison International has a twelve month low of $47.73 and a twelve month high of $88.77. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.96 and a quick ratio of 0.89.

Edison International (NYSE:EIX - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. Edison International had a return on equity of 13.21% and a net margin of 16.84%. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the company posted $1.13 EPS. Edison International's quarterly revenue was down 6.5% on a year-over-year basis. On average, equities analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The business 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. The ex-dividend date of this dividend is Monday, July 7th. This represents a $3.31 annualized dividend and a yield of 6.25%. Edison International's payout ratio is 46.95%.

Analyst Upgrades and Downgrades

EIX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research report on Monday, May 19th. Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a research report 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. Barclays raised their price target on Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Morgan Stanley cut their price target on Edison International from $52.00 to $51.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Edison International currently has an average rating of "Moderate Buy" and a consensus target price of $76.35.

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.