Edison International (NYSE:EIX) Holdings Trimmed by Voya Investment Management LLC

Voya Investment Management LLC cut its holdings in Edison International (NYSE:EIX - Free Report) by 8.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 320,036 shares of the utilities provider's stock after selling 27,689 shares during the period. Voya Investment Management LLC owned 0.08% of Edison International worth $25,552,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in EIX. Vanguard Group Inc. raised its position 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 worth $3,879,408,000 after buying an additional 1,559,501 shares during the period. Geode Capital Management LLC raised 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 worth $795,123,000 after purchasing an additional 362,999 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of 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 purchasing an additional 50,451 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Edison International by 38.2% during the 4th quarter. Invesco Ltd. now owns 4,816,638 shares of the utilities provider's stock worth $384,560,000 after purchasing an additional 1,331,941 shares during the period. Finally, Norges Bank acquired a new stake in Edison International during the 4th quarter worth approximately $323,443,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Stock Performance

Shares of NYSE EIX traded up $0.50 during midday trading on Friday, reaching $55.06. 1,192,646 shares of the company traded hands, compared to its average volume of 2,984,471. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77. The company has a market cap of $21.20 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.07 and a beta of 0.74. The stock has a 50-day moving average price of $56.45 and a 200 day moving average price of $67.49. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81.

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

Edison International Dividend Announcement

The business 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 6.01%. Edison International's dividend payout ratio (DPR) is 46.95%.

Analyst Upgrades and Downgrades

EIX has been the topic of a number of recent research reports. Guggenheim cut shares of Edison International from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group decreased their price target on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Barclays increased their price objective on shares of Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Thursday. Morgan Stanley reiterated an "overweight" rating on shares of Edison International in a research note on Wednesday, April 23rd. Finally, LADENBURG THALM/SH SH raised shares of Edison International from a "sell" rating to a "neutral" rating and set a $56.50 price objective for the company in a report on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Edison International has a consensus rating of "Moderate Buy" and an average target price of $76.96.

About Edison International

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.