3,103 Shares in Edison International (NYSE:EIX) Purchased by Leisure Capital Management

Leisure Capital Management purchased a new position in shares of Edison International (NYSE:EIX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,103 shares of the utilities provider’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EIX. Ausbil Investment Management Ltd lifted its stake in shares of Edison International by 54.7% during the 4th 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 in the last quarter. International Assets Investment Management LLC bought a new stake in Edison International during the 4th quarter worth approximately $11,734,000. California Public Employees Retirement System increased its holdings in Edison International by 62.1% during the 4th quarter. California Public Employees Retirement System now owns 1,514,003 shares of the utilities provider’s stock worth $108,236,000 after acquiring an additional 580,117 shares during the period. Metis Global Partners LLC increased its holdings in Edison International by 1.5% during the 3rd quarter. Metis Global Partners LLC now owns 56,588 shares of the utilities provider’s stock worth $3,581,000 after acquiring an additional 834 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in Edison International by 1.3% during the 4th quarter. Mackenzie Financial Corp now owns 422,747 shares of the utilities provider’s stock worth $30,222,000 after acquiring an additional 5,220 shares during the period. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Trading Down 1.4 %

Shares of NYSE:EIX traded down $0.99 on Friday, hitting $70.14. The company had a trading volume of 2,624,971 shares, compared to its average volume of 1,607,010. The firm’s 50-day simple moving average is $68.98 and its two-hundred day simple moving average is $67.70. Edison International has a 1 year low of $58.82 and a 1 year high of $74.92. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $26.98 billion, a price-to-earnings ratio of 22.49 and a beta of 0.96.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.16 by $0.12. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Edison International had a net margin of 8.35% and a return on equity of 12.63%. During the same period last year, the company posted $1.14 EPS. Equities analysts anticipate that Edison International will post 4.92 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.12 annualized dividend and a dividend yield of 4.45%. Edison International’s payout ratio is 100.00%.

Analyst Ratings Changes

EIX has been the topic of a number of analyst reports. Guggenheim raised shares of Edison International from a “neutral” rating to a “buy” rating and increased their price target for the stock from $66.00 to $84.00 in a report on Monday, January 22nd. The Goldman Sachs Group initiated coverage on shares of Edison International in a report on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 price target on the stock. Mizuho reduced their target price 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. Royal Bank of Canada reduced 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. Finally, TheStreet lowered shares of Edison International from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. 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, the stock currently has an average rating of “Hold” and a consensus target price of $73.60.

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.