Edison International (NYSE:EIX) Shares Bought by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC boosted its stake in shares of Edison International (NYSE:EIX - Free Report) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 446,980 shares of the utilities provider's stock after buying an additional 8,913 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.12% of Edison International worth $35,687,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Edison International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider's stock worth $3,879,408,000 after acquiring an additional 1,559,501 shares during the period. Geode Capital Management LLC boosted its position in 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 in the last quarter. Northern Trust Corp grew its holdings in Edison International by 53.9% in the fourth quarter. Northern Trust Corp now owns 5,757,034 shares of the utilities provider's stock valued at $459,642,000 after purchasing an additional 2,016,017 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Edison International by 1.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,133,574 shares of the utilities provider's stock valued at $409,865,000 after buying an additional 50,451 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Edison International by 38.2% during the 4th quarter. Invesco Ltd. now owns 4,816,638 shares of the utilities provider's stock worth $384,560,000 after buying an additional 1,331,941 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Morgan Stanley set a $52.00 price objective on shares of Edison International and gave the company an "underweight" rating in a research note on Thursday. UBS Group raised shares of Edison International from a "neutral" rating to a "buy" rating and reduced their price target for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Wells Fargo & Company dropped their price objective on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. cut their price objective on Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research report on Monday, May 19th. Finally, Evercore ISI reaffirmed 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 given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $76.89.

Edison International Trading Up 0.7%

EIX traded up $0.40 during trading on Monday, hitting $56.62. The company's stock had a trading volume of 1,568,213 shares, compared to its average volume of 3,047,369. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The stock has a market cap of $21.78 billion, a PE ratio of 16.60, a PEG ratio of 1.07 and a beta of 0.77. The firm's 50 day moving average price is $56.81 and its 200-day moving average price is $64.22. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81.

Edison International (NYSE:EIX - Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.21 by $0.16. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the firm posted $1.13 earnings per share. The business's quarterly revenue was down 6.5% compared to the same quarter last year. On average, analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th were paid a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend was Monday, April 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.