Voya Financial Advisors Inc. Has $695,000 Stake in Edison International (NYSE:EIX)

Voya Financial Advisors Inc. cut its position in shares of Edison International (NYSE:EIX - Free Report) by 36.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,718 shares of the utilities provider's stock after selling 4,939 shares during the quarter. Voya Financial Advisors Inc.'s holdings in Edison International were worth $695,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Crews Bank & Trust purchased a new position in Edison International in the 4th quarter worth about $25,000. Sierra Ocean LLC acquired a new position in shares of Edison International in the fourth quarter worth about $33,000. ST Germain D J Co. Inc. increased its position in shares of Edison International by 88.1% in the fourth quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider's stock worth $34,000 after acquiring an additional 200 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of Edison International by 285.3% during the fourth quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 311 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Edison International by 171.5% in the 4th quarter. Versant Capital Management Inc now owns 448 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 283 shares in the last quarter. Institutional investors own 88.95% of the company's stock.

Edison International Trading Up 1.4 %

Shares of EIX traded up $0.77 during trading hours on Thursday, hitting $54.28. 1,779,559 shares of the stock traded hands, compared to its average volume of 2,982,584. The business has a fifty day moving average of $56.40 and a 200-day moving average of $67.70. The firm has a market capitalization of $20.90 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. Edison International has a 1-year low of $49.06 and a 1-year high of $88.77. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 8.52% and a return on equity of 13.17%. The company's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 EPS. Analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 7th were given a $0.8275 dividend. The ex-dividend date of this dividend was Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.10%. Edison International's dividend payout ratio is 100.30%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EIX shares. LADENBURG THALM/SH SH upgraded Edison International from a "sell" rating to a "neutral" rating and set a $56.50 price target for the company in a report on Wednesday, January 15th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $72.00 target price on shares of Edison International in a research note on Wednesday, February 12th. The Goldman Sachs Group dropped their price target on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Guggenheim cut shares of Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Finally, UBS Group upgraded Edison International from a "neutral" rating to a "buy" rating and cut their target price for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Edison International has a consensus rating of "Moderate Buy" and a consensus price target of $76.96.

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.