International Assets Investment Management LLC Buys Shares of 164,137 Edison International (NYSE:EIX)

International Assets Investment Management LLC acquired a new stake in shares of Edison International (NYSE:EIX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 164,137 shares of the utilities provider's stock, valued at approximately $11,734,000.

A number of other large investors have also made changes to their positions in the stock. Bruce G. Allen Investments LLC acquired a new stake in Edison International in the 4th quarter worth about $27,000. RVW Wealth LLC acquired a new stake in Edison International in the 3rd quarter worth about $25,000. WASHINGTON TRUST Co boosted its stake in Edison International by 117.4% in the 4th quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider's stock worth $36,000 after buying an additional 270 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Edison International by 61.4% in the 1st quarter. First Horizon Advisors Inc. now owns 615 shares of the utilities provider's stock worth $43,000 after buying an additional 234 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Edison International by 61.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 670 shares of the utilities provider's stock worth $47,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds own 88.95% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on EIX. TheStreet downgraded Edison International from a "b" rating to a "c+" rating in a report on Thursday, February 22nd. The Goldman Sachs Group initiated coverage on Edison International in a report on Wednesday. They set a "neutral" rating and a $78.00 target price on the stock. Royal Bank of Canada dropped their price objective on Edison International from $81.00 to $80.00 and set an "outperform" rating on the stock in a report on Thursday, March 7th. Barclays lifted their price objective on Edison International from $69.00 to $70.00 and gave the stock an "equal weight" rating in a report on Monday, February 26th. Finally, Guggenheim upgraded Edison International from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $66.00 to $84.00 in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $73.60.

Edison International Stock Performance

Shares of EIX traded down $0.21 during mid-day trading on Friday, hitting $68.63. The stock had a trading volume of 1,311,356 shares, compared to its average volume of 1,636,135. The company has a market cap of $26.40 billion, a PE ratio of 22.00 and a beta of 0.96. The company's fifty day simple moving average is $68.16 and its two-hundred day simple moving average is $67.24. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 1.86. Edison International has a fifty-two week low of $58.82 and a fifty-two week high of $74.92.

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

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.12 dividend on an annualized basis and a yield of 4.55%. Edison International's dividend payout ratio is currently 100.00%.

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.