U.S. Capital Wealth Advisors LLC Purchases Shares of 27,212 Edison International (NYSE:EIX)

U.S. Capital Wealth Advisors LLC acquired a new stake in Edison International (NYSE:EIX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,212 shares of the utilities provider's stock, valued at approximately $1,945,000.

Other large investors have also bought and sold shares of the company. Ausbil Investment Management Ltd lifted its holdings in Edison International by 54.7% in the fourth quarter. Ausbil Investment Management Ltd now owns 135,099 shares of the utilities provider's stock valued at $9,658,000 after buying an additional 47,784 shares during the period. International Assets Investment Management LLC acquired a new stake in Edison International in the fourth quarter worth $11,734,000. California Public Employees Retirement System raised its holdings in Edison International by 62.1% in the fourth quarter. California Public Employees Retirement System now owns 1,514,003 shares of the utilities provider's stock worth $108,236,000 after purchasing an additional 580,117 shares during the period. Metis Global Partners LLC raised its holdings in Edison International by 1.5% in the third quarter. Metis Global Partners LLC now owns 56,588 shares of the utilities provider's stock worth $3,581,000 after purchasing an additional 834 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in Edison International by 1.3% in the fourth quarter. Mackenzie Financial Corp now owns 422,747 shares of the utilities provider's stock worth $30,222,000 after purchasing an additional 5,220 shares during the period. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EIX shares. Royal Bank of Canada cut 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 upgraded shares of Edison International from a "sell" rating to a "hold" rating in a report on Saturday, February 24th. The Goldman Sachs Group assumed coverage on shares of Edison International in a report on Wednesday, April 10th. They set a "neutral" rating and a $78.00 price objective on the stock. TheStreet lowered shares of Edison International from a "b" rating to a "c+" rating in a report on Thursday, February 22nd. Finally, Mizuho dropped their price objective on shares of Edison International from $76.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, January 25th. One equities 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $72.78.

Edison International Stock Up 0.5 %

Edison International stock traded up $0.37 during mid-day trading on Friday, reaching $72.34. The company's stock had a trading volume of 1,476,177 shares, compared to its average volume of 1,983,937. The company has a market capitalization of $27.83 billion, a price-to-earnings ratio of 31.73 and a beta of 0.95. Edison International has a 12 month low of $58.82 and a 12 month high of $74.40. The business's 50 day simple moving average is $69.41 and its 200 day simple moving average is $67.96. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.73 and a current ratio of 1.00.

Edison International (NYSE:EIX - Get Free Report) last released its earnings results on Tuesday, April 30th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.01. The business had revenue of $4.08 billion during 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 firm's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 earnings per share. As a group, research analysts anticipate that Edison International will post 4.92 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date was Wednesday, March 27th. Edison International's dividend payout ratio (DPR) is presently 136.84%.

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.