Kestra Private Wealth Services LLC boosted its position in shares of Edison International (NYSE:EIX - Free Report) by 169.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,800 shares of the utilities provider's stock after acquiring an additional 11,204 shares during the period. Kestra Private Wealth Services LLC's holdings in Edison International were worth $1,273,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. First Trust Direct Indexing L.P. increased its stake in Edison International by 2.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 6,604 shares of the utilities provider's stock valued at $418,000 after purchasing an additional 162 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in Edison International by 2.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 6,461 shares of the utilities provider's stock valued at $409,000 after purchasing an additional 164 shares in the last quarter. CarsonAllaria Wealth Management Ltd. increased its stake in Edison International by 3.9% during the 3rd quarter. CarsonAllaria Wealth Management Ltd. now owns 4,432 shares of the utilities provider's stock valued at $281,000 after purchasing an additional 165 shares in the last quarter. Greenleaf Trust increased its stake in Edison International by 2.9% during the 3rd quarter. Greenleaf Trust now owns 6,481 shares of the utilities provider's stock valued at $410,000 after purchasing an additional 185 shares in the last quarter. Finally, Cable Hill Partners LLC increased its stake in Edison International by 6.0% during the 3rd quarter. Cable Hill Partners LLC now owns 3,336 shares of the utilities provider's stock valued at $211,000 after purchasing an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company's stock.
Edison International Stock Performance
EIX stock traded up $0.37 during midday trading on Friday, hitting $72.34. 1,476,177 shares of the stock traded hands, compared to its average volume of 1,983,937. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.00 and a quick ratio of 0.73. The firm has a market cap of $27.83 billion, a P/E ratio of 31.73 and a beta of 0.95. Edison International has a 1-year low of $58.82 and a 1-year high of $74.40. The stock's fifty day simple moving average is $69.41 and its 200-day simple moving average is $67.93.
Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.01. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.16 billion. Edison International had a net margin of 6.14% and a return on equity of 12.48%. The company's revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $1.09 earnings per share. On average, analysts expect that Edison International will post 4.92 earnings per share for the current year.
Edison International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 4.31%. The ex-dividend date was Wednesday, March 27th. Edison International's payout ratio is 136.84%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of Edison International from a "sell" rating to a "hold" rating in a research note on Saturday, February 24th. Barclays increased their price objective on shares of Edison International from $72.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Thursday. Guggenheim upgraded shares of Edison International from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $66.00 to $84.00 in a research note on Monday, January 22nd. Mizuho cut their price objective on shares of Edison International from $76.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, January 25th. Finally, The Goldman Sachs Group began coverage on shares of Edison International in a research note on Wednesday, April 10th. They issued a "neutral" rating and a $78.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Edison International currently has a consensus rating of "Hold" and an average price target of $74.10.
Read Our Latest Research Report on Edison International
Edison International Profile
(
Free Report)
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.
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