Victory Capital Management Inc. Acquires 129,101 Shares of Edison International (NYSE:EIX)

Victory Capital Management Inc. increased its position in Edison International (NYSE:EIX - Free Report) by 27.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 600,168 shares of the utilities provider's stock after acquiring an additional 129,101 shares during the quarter. Victory Capital Management Inc. owned about 0.16% of Edison International worth $42,906,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pzena Investment Management LLC boosted its position in shares of Edison International by 1.5% during the 3rd quarter. Pzena Investment Management LLC now owns 13,316,887 shares of the utilities provider's stock valued at $842,826,000 after acquiring an additional 197,259 shares in the last quarter. Wellington Management Group LLP raised its stake in Edison International by 3.3% during the third 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 in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Edison International by 8.9% during the third quarter. Clearbridge Investments LLC now owns 6,830,749 shares of the utilities provider's stock valued at $432,318,000 after acquiring an additional 558,351 shares during the period. Legal & General Group Plc boosted its stake in shares of Edison International by 2.0% in the 3rd 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 in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Edison International by 3.9% in the 3rd 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. Institutional investors own 88.95% of the company's stock.

Edison International Trading Up 1.0 %

EIX stock traded up $0.69 during midday trading on Monday, reaching $73.03. The company's stock had a trading volume of 1,289,885 shares, compared to its average volume of 2,183,298. The business's 50-day simple moving average is $69.54 and its 200-day simple moving average is $68.02. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 2.04. Edison International has a 52 week low of $58.82 and a 52 week high of $74.40. The stock has a market cap of $28.10 billion, a PE ratio of 32.03 and a beta of 0.95.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.01. Edison International had a return on equity of 12.48% and a net margin of 6.14%. The business had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $4.16 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that Edison International will post 4.92 EPS for the current year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date was Wednesday, March 27th. Edison International's dividend payout ratio is currently 136.84%.

Wall Street Analyst Weigh In

Several analysts have weighed in on EIX shares. TheStreet cut shares of Edison International from a "b" rating to a "c+" rating in a research note on Thursday, February 22nd. Royal Bank of Canada cut their price objective on Edison International from $81.00 to $80.00 and set an "outperform" rating for the company in a research report on Thursday, March 7th. Barclays increased their target price on Edison International from $72.00 to $75.00 and gave the stock an "equal weight" rating in a report on Thursday. Mizuho reduced their price target on shares of Edison International from $76.00 to $75.00 and set a "buy" rating on the stock in a research report on Thursday, January 25th. Finally, StockNews.com raised shares of Edison International from a "sell" rating to a "hold" rating in a report on Saturday, February 24th. One equities 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 stock. According to MarketBeat, Edison International presently has a consensus rating of "Hold" and an average price target of $72.78.

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.