Edison International (NYSE:EIX) Holdings Decreased by MML Investors Services LLC

MML Investors Services LLC lowered its stake in shares of Edison International (NYSE:EIX - Free Report) by 24.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,942 shares of the utilities provider's stock after selling 13,892 shares during the quarter. MML Investors Services LLC's holdings in Edison International were worth $3,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Jamison Private Wealth Management Inc. increased its position in shares of Edison International by 2.6% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider's stock worth $550,000 after purchasing an additional 174 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in Edison International by 2.9% during the 4th quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider's stock worth $503,000 after buying an additional 176 shares during the last quarter. Old Port Advisors grew its position in shares of Edison International by 0.9% in the 4th quarter. Old Port Advisors now owns 19,292 shares of the utilities provider's stock worth $1,540,000 after acquiring an additional 180 shares in the last quarter. Centre Asset Management LLC increased its holdings in shares of Edison International by 8.1% in the 4th quarter. Centre Asset Management LLC now owns 2,656 shares of the utilities provider's stock valued at $212,000 after acquiring an additional 199 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its position in shares of Edison International by 88.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 88.95% of the company's stock.

Edison International Price Performance

Shares of NYSE EIX traded up $1.06 during midday trading on Thursday, reaching $54.57. The company's stock had a trading volume of 2,659,656 shares, compared to its average volume of 2,986,942. The company has a market cap of $21.01 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. Edison International has a one year low of $49.06 and a one year high of $88.77. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The company has a 50 day moving average price of $56.40 and a 200 day moving average price of $67.70.

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 for the quarter, topping the consensus estimate of $1.21 by $0.16. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $4.29 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. During the same period last year, the company posted $1.13 EPS. The company's revenue was down 6.5% compared to the same quarter last year. On average, equities research analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th were issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 6.07%. The ex-dividend date was Monday, April 7th. Edison International's payout ratio is 100.30%.

Analyst Ratings Changes

EIX has been the topic of a number of research reports. LADENBURG THALM/SH SH raised shares of Edison International from a "sell" rating to a "neutral" rating and set a $56.50 target price on the stock in a report on Wednesday, January 15th. The Goldman Sachs Group dropped their price target on Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Mizuho lowered their price objective on Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. UBS Group upgraded Edison International from a "neutral" rating to a "buy" rating and cut their target price for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $72.00 price target on shares of Edison International in a research report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Edison International has an average rating of "Moderate Buy" and an average price target of $76.96.

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.