Edison International (NYSE:EIX) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in Edison International (NYSE:EIX - Free Report) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,006,796 shares of the utilities provider's stock after buying an additional 168,609 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.26% of Edison International worth $72,001,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Pzena Investment Management LLC boosted its stake in shares of Edison International by 1.5% during the third quarter. Pzena Investment Management LLC now owns 13,316,887 shares of the utilities provider's stock worth $842,826,000 after buying an additional 197,259 shares during the period. Wellington Management Group LLP lifted its position in Edison International by 3.3% during the 3rd quarter. Wellington Management Group LLP now owns 9,842,171 shares of the utilities provider's stock worth $622,911,000 after acquiring an additional 317,297 shares during the period. Clearbridge Investments LLC grew its stake in shares of Edison International by 8.9% in the 3rd quarter. Clearbridge Investments LLC now owns 6,830,749 shares of the utilities provider's stock valued at $432,318,000 after purchasing an additional 558,351 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Edison International by 2.0% in the third quarter. Legal & General Group Plc now owns 5,590,765 shares of the utilities provider's stock valued at $353,840,000 after purchasing an additional 108,138 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Edison International by 3.9% during the third quarter. Northern Trust Corp now owns 4,428,725 shares of the utilities provider's stock worth $280,294,000 after purchasing an additional 165,734 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Price Performance

Shares of EIX traded up $1.19 on Monday, reaching $71.33. The stock had a trading volume of 2,448,487 shares, compared to its average volume of 2,188,241. Edison International has a twelve month low of $58.82 and a twelve month high of $74.92. The firm has a market capitalization of $27.44 billion, a PE ratio of 22.86 and a beta of 0.96. The firm has a 50-day moving average of $69.08 and a 200 day moving average of $67.80. 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 (NYSE:EIX - Get Free Report) last posted its 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. The company had revenue of $3.71 billion for 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 in the prior year, the company earned $1.14 earnings per share. Sell-side analysts expect that Edison International will post 4.92 EPS for the current year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend is Wednesday, March 27th. Edison International's dividend payout ratio (DPR) is presently 100.00%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Edison International from $69.00 to $70.00 and gave the company an "equal weight" rating in a research report on Monday, February 26th. Royal Bank of Canada lowered their target price on shares of Edison International from $81.00 to $80.00 and set an "outperform" rating on the stock in a report on Thursday, March 7th. StockNews.com raised shares of Edison International from a "sell" rating to a "hold" rating in a report on Saturday, February 24th. TheStreet lowered Edison International from a "b" rating to a "c+" rating in a report on Thursday, February 22nd. Finally, The Goldman Sachs Group started coverage on Edison International in a research report on Wednesday, April 10th. They set a "neutral" rating and a $78.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Edison International has a consensus rating of "Hold" and an average target price of $73.60.

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.