10,276 Shares in Edison International (NYSE:EIX) Bought by Surience Private Wealth LLC

Surience Private Wealth LLC bought a new stake in shares of Edison International (NYSE:EIX - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,276 shares of the utilities provider's stock, valued at approximately $605,000. Edison International accounts for approximately 1.1% of Surience Private Wealth LLC's investment portfolio, making the stock its 16th largest holding.

A number of other hedge funds have also modified their holdings of EIX. Vanguard Group Inc. grew its stake in shares of Edison International by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider's stock valued at $3,879,408,000 after buying an additional 1,559,501 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Edison International by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 9,983,519 shares of the utilities provider's stock worth $795,123,000 after purchasing an additional 362,999 shares during the period. Northern Trust Corp increased its stake in shares of Edison International by 53.9% during the fourth quarter. Northern Trust Corp now owns 5,757,034 shares of the utilities provider's stock worth $459,642,000 after purchasing an additional 2,016,017 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Edison International by 7.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,163,408 shares of the utilities provider's stock worth $412,246,000 after purchasing an additional 371,043 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Edison International by 1.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,133,574 shares of the utilities provider's stock worth $409,865,000 after purchasing an additional 50,451 shares during the period. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EIX has been the subject of a number of research reports. The Goldman Sachs Group dropped their target price on Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Wells Fargo & Company dropped their target price on Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Wolfe Research downgraded Edison International from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Mizuho dropped their target price on Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Finally, Morgan Stanley dropped their target price on Edison International from $52.00 to $51.00 and set an "underweight" rating for the company in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Edison International presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.82.

Edison International Price Performance

NYSE EIX traded up $0.13 during trading on Friday, hitting $50.94. 5,877,178 shares of the company's stock were exchanged, compared to its average volume of 3,276,913. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 2.06. The company has a market cap of $19.60 billion, a PE ratio of 7.23, a P/E/G ratio of 1.19 and a beta of 0.78. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $88.77. The stock's 50 day moving average price is $54.41 and its two-hundred day moving average price is $58.83.

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 (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the firm posted $1.13 earnings per share. The firm's revenue was down 6.5% compared to the same quarter last year. Research analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, July 7th will be paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 6.50%. The ex-dividend date of this dividend is Monday, July 7th. Edison International's dividend payout ratio is currently 46.95%.

Edison International Company 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.