Mufg Securities Americas Inc. Buys New Shares in Edison International (NYSE:EIX)

Mufg Securities Americas Inc. bought a new position in shares of Edison International (NYSE:EIX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,716 shares of the utilities provider's stock, valued at approximately $456,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Crews Bank & Trust purchased a new position in Edison International in the 4th quarter worth approximately $25,000. Sierra Ocean LLC bought a new stake in shares of Edison International in the 4th quarter valued at approximately $33,000. Raleigh Capital Management Inc. raised its position in Edison International by 285.3% during the 4th quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 311 shares in the last quarter. Bellwether Advisors LLC purchased a new position in shares of Edison International in the 4th quarter valued at $34,000. Finally, OFI Invest Asset Management acquired a new stake in Edison International during the 4th quarter valued at approximately $38,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Trading Down 1.2%

Shares of EIX stock traded down $0.71 during mid-day trading on Monday, reaching $57.92. 1,915,621 shares of the stock traded hands, compared to its average volume of 3,030,107. The stock's fifty day simple moving average is $56.81 and its two-hundred day simple moving average is $65.07. Edison International has a 1-year low of $49.06 and a 1-year high of $88.77. The company has a market cap of $22.29 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, topping 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 business 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 company posted $1.13 earnings per share. Edison International's revenue was down 6.5% compared to the same quarter last year. On average, research analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th were given a dividend of $0.8275 per share. The ex-dividend date was Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.71%. Edison International's dividend payout ratio (DPR) is presently 46.95%.

Wall Street Analyst Weigh In

EIX has been the topic of a number of analyst reports. Barclays lifted their price objective on Edison International from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a research note on Thursday. The Goldman Sachs Group reduced their target price on Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock 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 on the stock in a research report on Friday, February 28th. Finally, Guggenheim lowered Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Edison International currently has a consensus rating of "Moderate Buy" and a consensus price target of $76.89.

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.