Trilogy Capital Inc. Buys 9,257 Shares of Edison International (NYSE:EIX)

Key Points

• Trilogy Capital Inc. increased its stake in Edison International (NYSE:EIX) by 24.9%, now holding 46,435 shares worth approximately $2.74 million.
• Analysts have varying opinions on Edison International, with JPMorgan reducing its price target from $75.00 to $71.00 while Barclays increased it from $64.00 to $67.00, resulting in a consensus rating of "Moderate Buy."
• Edison International also announced a quarterly dividend of $0.8275 per share, representing an annualized yield of 6.44% and a payout ratio of 46.95%.

Trilogy Capital Inc. raised its position in shares of Edison International (NYSE:EIX - Free Report) by 24.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,435 shares of the utilities provider's stock after acquiring an additional 9,257 shares during the quarter. Trilogy Capital Inc.'s holdings in Edison International were worth $2,736,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its position in Edison International by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 9,983,519 shares of the utilities provider's stock valued at $795,123,000 after acquiring an additional 362,999 shares in the last quarter. Northern Trust Corp lifted its position in Edison International by 53.9% in the 4th quarter. Northern Trust Corp now owns 5,757,034 shares of the utilities provider's stock valued at $459,642,000 after acquiring an additional 2,016,017 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Edison International by 7.7% in the 4th 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 valued at $412,246,000 after acquiring an additional 371,043 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Edison International by 1.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,133,574 shares of the utilities provider's stock valued at $409,865,000 after acquiring an additional 50,451 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Edison International by 38.2% in the 4th quarter. Invesco Ltd. now owns 4,816,638 shares of the utilities provider's stock valued at $384,560,000 after acquiring an additional 1,331,941 shares in the last quarter. Institutional investors own 88.95% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. 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 restated an "outperform" rating on shares of Edison International in a research note on Thursday, May 15th. Morgan Stanley cut their target price on Edison International from $52.00 to $51.00 and set an "underweight" rating on the stock in a research note on Wednesday, June 18th. Wolfe Research downgraded Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Finally, JPMorgan Chase & Co. cut their target price 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $76.35.

Edison International Price Performance

NYSE EIX traded down $0.03 during trading on Tuesday, reaching $52.24. The company's stock had a trading volume of 1,105,949 shares, compared to its average volume of 4,474,873. Edison International has a one year low of $47.73 and a one year 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. The stock has a market capitalization of $20.10 billion, a PE ratio of 7.41, a P/E/G ratio of 1.25 and a beta of 0.75. The firm has a fifty day moving average of $52.29 and a 200 day moving average of $54.63.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share 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 business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the business posted $1.13 earnings per share. The company's revenue for the quarter was down 6.5% on a year-over-year basis. Analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, July 7th will be given a dividend of $0.8275 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $3.31 dividend on an annualized basis and a yield of 6.34%. Edison International's payout ratio is 46.95%.

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.