Impax Asset Management Group plc Sells 47,189 Shares of Edison International (NYSE:EIX)

Impax Asset Management Group plc lowered its position in Edison International (NYSE:EIX - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 187,538 shares of the utilities provider's stock after selling 47,189 shares during the quarter. Impax Asset Management Group plc's holdings in Edison International were worth $13,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RVW Wealth LLC purchased a new position in Edison International in the 3rd quarter worth approximately $25,000. Bruce G. Allen Investments LLC purchased a new position in Edison International in the fourth quarter worth $27,000. WASHINGTON TRUST Co grew its position in Edison International by 117.4% in the fourth quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider's stock worth $36,000 after acquiring an additional 270 shares in the last quarter. Ancora Advisors LLC bought a new position in Edison International in the first quarter valued at $41,000. Finally, Lindbrook Capital LLC raised its position in Edison International by 144.4% during the third quarter. Lindbrook Capital LLC now owns 672 shares of the utilities provider's stock valued at $43,000 after purchasing an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company's stock.

Edison International Stock Down 2.8 %

NYSE:EIX traded down $2.00 on Wednesday, reaching $68.89. 1,642,244 shares of the stock traded hands, compared to its average volume of 2,253,292. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $26.50 billion, a price-to-earnings ratio of 22.75 and a beta of 0.96. Edison International has a 12 month low of $58.82 and a 12 month high of $74.92. The company's fifty day simple moving average is $68.09 and its 200 day simple moving average is $67.20.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.12. Edison International had a net margin of 8.35% and a return on equity of 12.63%. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter last year, the firm earned $1.14 earnings per share. Equities analysts predict that Edison International will post 5.01 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Wednesday, March 27th. Edison International's dividend payout ratio is currently 100.00%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EIX shares. TheStreet cut Edison International from a "b" rating to a "c+" rating in a report on Thursday, February 22nd. Barclays lifted their target price on shares of Edison International from $69.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Monday, February 26th. StockNews.com upgraded shares of Edison International from a "sell" rating to a "hold" rating in a research report on Saturday, February 24th. Mizuho decreased their price objective on Edison International from $76.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, January 25th. Finally, The Goldman Sachs Group started coverage on Edison International in a report on Wednesday. They set a "neutral" rating and a $78.00 target price for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $73.91.

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.