Edison International (NYSE:EIX) Shares Bought by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. increased its stake in shares of Edison International (NYSE:EIX - Free Report) by 24.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 366,816 shares of the utilities provider's stock after purchasing an additional 71,962 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.10% of Edison International worth $26,224,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC bought a new position in shares of Edison International during the 4th quarter valued at $27,000. WASHINGTON TRUST Co lifted its holdings in Edison International by 117.4% in the fourth quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 270 shares during the period. Lindbrook Capital LLC boosted its position in Edison International by 144.4% in the third quarter. Lindbrook Capital LLC now owns 672 shares of the utilities provider's stock worth $43,000 after purchasing an additional 397 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Edison International during the 4th quarter valued at about $48,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in shares of Edison International during the 3rd quarter valued at about $47,000. Institutional investors own 88.95% of the company's stock.

Edison International Price Performance

NYSE EIX traded down $0.27 on Tuesday, reaching $71.06. The company had a trading volume of 3,091,408 shares, compared to its average volume of 2,199,123. The firm's 50 day moving average price is $69.08 and its 200 day moving average price is $67.80. Edison International has a 12 month low of $58.82 and a 12 month high of $74.92. The stock has a market capitalization of $27.34 billion, a PE ratio of 22.86 and a beta of 0.96. 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 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.12. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $4.19 billion. Edison International had a return on equity of 12.63% and a net margin of 8.35%. During the same period in the previous year, the business earned $1.14 earnings per share. As a group, equities analysts predict that Edison International will post 4.92 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 4.39%. The ex-dividend date is Wednesday, March 27th. Edison International's dividend payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. StockNews.com upgraded shares of Edison International from a "sell" rating to a "hold" rating in a research report on Saturday, February 24th. Mizuho reduced their price objective on Edison International from $76.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, January 25th. The Goldman Sachs Group initiated 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. TheStreet downgraded Edison International from a "b" rating to a "c+" rating in a research note on Thursday, February 22nd. Finally, Guggenheim upgraded Edison International from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $66.00 to $84.00 in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Edison International presently has an average rating of "Hold" and an average price target of $73.60.

About Edison International

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.