St. Clair Advisors LLC Takes $399,000 Position in Edison International (NYSE:EIX)

St. Clair Advisors LLC purchased a new stake in shares of Edison International (NYSE:EIX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,000 shares of the utilities provider's stock, valued at approximately $399,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Two Sigma Advisers LP purchased a new stake in Edison International during the 4th quarter valued at about $351,000. Two Sigma Investments LP raised its holdings in Edison International by 263.8% during the 4th quarter. Two Sigma Investments LP now owns 87,753 shares of the utilities provider's stock valued at $7,006,000 after buying an additional 63,630 shares during the last quarter. Tidal Investments LLC increased its position in shares of Edison International by 9.4% in the fourth quarter. Tidal Investments LLC now owns 20,480 shares of the utilities provider's stock valued at $1,635,000 after acquiring an additional 1,761 shares during the period. Toronto Dominion Bank increased its holdings in Edison International by 16.3% during the 4th quarter. Toronto Dominion Bank now owns 210,362 shares of the utilities provider's stock valued at $16,795,000 after purchasing an additional 29,446 shares during the period. Finally, Sherbrooke Park Advisers LLC raised its position in Edison International by 505.8% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 15,332 shares of the utilities provider's stock valued at $1,224,000 after purchasing an additional 12,801 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

Edison International Price Performance

Shares of Edison International stock traded down $0.77 during trading hours on Thursday, hitting $56.17. The company's stock had a trading volume of 2,227,746 shares, compared to its average volume of 3,042,428. The business has a 50 day moving average price of $56.90 and a two-hundred day moving average price of $64.80. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The company has a market cap of $21.61 billion, a PE ratio of 16.47, a PEG ratio of 1.07 and a beta of 0.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.21 by $0.16. The business had revenue of $3.81 billion for 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 business's revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 earnings per share. Analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th were given a dividend of $0.8275 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a $3.31 annualized dividend and a yield of 5.89%. Edison International's dividend payout ratio (DPR) is currently 46.95%.

Analysts Set New Price Targets

A number of research firms have commented on EIX. JPMorgan Chase & Co. lowered their price target on Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research report on Monday. Mizuho dropped their price target on Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Wells Fargo & Company lowered their price objective on Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Morgan Stanley lowered their price objective on Edison International from $53.00 to $52.00 and set an "underweight" rating on the stock in a research report on Thursday. Finally, Evercore ISI reiterated an "outperform" rating on shares of Edison International in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.