New York State Common Retirement Fund Sells 34,202 Shares of Edison International (NYSE:EIX)

New York State Common Retirement Fund decreased its position in shares of Edison International (NYSE:EIX - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 334,008 shares of the utilities provider's stock after selling 34,202 shares during the quarter. New York State Common Retirement Fund owned about 0.09% of Edison International worth $23,878,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of EIX. Exchange Traded Concepts LLC boosted its holdings in shares of Edison International by 38.8% during the third quarter. Exchange Traded Concepts LLC now owns 1,592 shares of the utilities provider's stock valued at $101,000 after acquiring an additional 445 shares during the period. UMB Bank n.a. boosted its holdings in shares of Edison International by 17.9% during the third quarter. UMB Bank n.a. now owns 2,191 shares of the utilities provider's stock valued at $139,000 after acquiring an additional 333 shares during the period. Czech National Bank boosted its holdings in shares of Edison International by 47.8% during the third quarter. Czech National Bank now owns 66,991 shares of the utilities provider's stock valued at $4,240,000 after acquiring an additional 21,654 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Edison International by 2.4% during the third quarter. Handelsbanken Fonder AB now owns 206,031 shares of the utilities provider's stock valued at $13,040,000 after acquiring an additional 4,846 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Edison International by 9.3% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 9,276 shares of the utilities provider's stock valued at $587,000 after acquiring an additional 792 shares during the period. Institutional investors and hedge funds own 88.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EIX shares. Guggenheim raised shares of Edison International from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $66.00 to $84.00 in a report on Monday, January 22nd. TheStreet downgraded shares of Edison International from a "b" rating to a "c+" rating in a report on Thursday, February 22nd. StockNews.com raised shares of Edison International from a "sell" rating to a "hold" rating in a report on Saturday, February 24th. The Goldman Sachs Group began coverage on shares of Edison International in a report on Wednesday, April 10th. They issued a "neutral" rating and a $78.00 price objective for the company. Finally, Barclays upped their price target on shares of Edison International from $69.00 to $70.00 and gave the company an "equal weight" rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $73.60.

Edison International Stock Down 1.4 %

NYSE:EIX traded down $0.99 during mid-day trading on Friday, reaching $70.14. The stock had a trading volume of 2,624,971 shares, compared to its average volume of 1,607,010. The business's 50 day moving average is $68.98 and its 200 day moving average is $67.73. Edison International has a fifty-two week low of $58.82 and a fifty-two week high of $74.92. The stock has a market cap of $26.98 billion, a P/E ratio of 22.48 and a beta of 0.96. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.79 and a quick ratio of 0.73.

Edison International (NYSE:EIX - Get Free Report) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.12. The firm had revenue of $3.71 billion during the quarter, compared to analysts' expectations 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 in the prior year, the business earned $1.14 earnings per share. As a group, sell-side analysts predict that Edison International will post 4.92 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.78 per share. The ex-dividend date is Wednesday, March 27th. This represents a $3.12 dividend on an annualized basis and a yield of 4.45%. Edison International's 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.