Nebula Research & Development LLC Sells 9,443 Shares of Edison International (NYSE:EIX)

Nebula Research & Development LLC reduced its holdings in shares of Edison International (NYSE:EIX - Free Report) by 42.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,896 shares of the utilities provider's stock after selling 9,443 shares during the period. Nebula Research & Development LLC's holdings in Edison International were worth $1,030,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Swedbank AB boosted its holdings in Edison International by 3.3% during the fourth quarter. Swedbank AB now owns 523,433 shares of the utilities provider's stock valued at $41,791,000 after purchasing an additional 16,614 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in Edison International in the fourth quarter valued at $235,000. KBC Group NV grew its position in Edison International by 23.7% in the fourth quarter. KBC Group NV now owns 61,342 shares of the utilities provider's stock valued at $4,898,000 after acquiring an additional 11,764 shares during the period. abrdn plc raised its stake in Edison International by 19.5% during the fourth quarter. abrdn plc now owns 1,695,182 shares of the utilities provider's stock worth $134,335,000 after acquiring an additional 276,656 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Edison International by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,416,770 shares of the utilities provider's stock valued at $192,955,000 after acquiring an additional 76,654 shares during the period. Institutional investors own 88.95% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Morgan Stanley reiterated an "overweight" rating on shares of Edison International in a research report on Wednesday, April 23rd. Mizuho cut their target price on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Guggenheim lowered Edison International from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Barclays lifted their price objective on Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $72.00 target price on shares of Edison International in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $76.96.

Edison International Trading Up 2.0 %

Shares of NYSE:EIX traded up $1.06 during trading on Thursday, hitting $54.57. 3,782,157 shares of the company's stock were exchanged, compared to its average volume of 2,990,084. 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 firm has a market cap of $21.01 billion, a P/E ratio of 16.00, a PEG ratio of 1.07 and a beta of 0.74. The firm has a 50-day moving average price of $56.40 and a two-hundred day moving average price of $67.70. Edison International has a 1-year low of $49.06 and a 1-year high of $88.77.

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, topping analysts' consensus estimates of $1.21 by $0.16. The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $4.29 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The business's quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.13 EPS. Equities analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The business also recently announced 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 6.07%. Edison International's payout ratio is currently 100.30%.

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.