Sherbrooke Park Advisers LLC Grows Holdings in Edison International (NYSE:EIX)

Sherbrooke Park Advisers LLC boosted its holdings in Edison International (NYSE:EIX - Free Report) by 505.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,332 shares of the utilities provider's stock after purchasing an additional 12,801 shares during the quarter. Edison International comprises 0.4% of Sherbrooke Park Advisers LLC's investment portfolio, making the stock its 28th largest holding. Sherbrooke Park Advisers LLC's holdings in Edison International were worth $1,224,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Edison International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider's stock valued at $3,879,408,000 after purchasing an additional 1,559,501 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Edison International by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 9,983,519 shares of the utilities provider's stock valued at $795,123,000 after purchasing an additional 362,999 shares in the last quarter. Northern Trust Corp grew its stake in Edison International by 53.9% in the 4th quarter. Northern Trust Corp now owns 5,757,034 shares of the utilities provider's stock valued at $459,642,000 after acquiring an additional 2,016,017 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Edison International by 1.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,133,574 shares of the utilities provider's stock valued at $409,865,000 after acquiring an additional 50,451 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Edison International by 38.2% in the 4th quarter. Invesco Ltd. now owns 4,816,638 shares of the utilities provider's stock valued at $384,560,000 after acquiring an additional 1,331,941 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company's stock.

Edison International Price Performance

Edison International stock opened at $57.60 on Friday. The business's 50-day simple moving average is $56.76 and its 200 day simple moving average is $65.48. The stock has a market cap of $22.16 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.07 and a beta of 0.77. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.16. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $4.29 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. Edison International's revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.13 earnings per share. As a group, research analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th were paid a $0.8275 dividend. The ex-dividend date was Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.75%. Edison International's payout ratio is 46.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $72.00 price objective on shares of Edison International in a research note on Wednesday, February 12th. Mizuho decreased their price target on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Barclays increased their price objective on shares of Edison International from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Guggenheim lowered shares of Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Finally, UBS Group upgraded shares of Edison International from a "neutral" rating to a "buy" rating and cut their price target for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $76.96.

Edison International Company 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.

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