Nisa Investment Advisors LLC Boosts Holdings in Edison International (NYSE:EIX)

Nisa Investment Advisors LLC increased its holdings in Edison International (NYSE:EIX) by 1.2% during the fourth quarter, Holdings Channel reports. The firm owned 39,737 shares of the utilities provider’s stock after acquiring an additional 462 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Edison International were worth $2,841,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC purchased a new position in Edison International in the 4th quarter worth approximately $27,000. RVW Wealth LLC purchased a new stake in shares of Edison International during the 3rd quarter worth approximately $25,000. WASHINGTON TRUST Co raised its holdings in shares of Edison International by 117.4% during the 4th quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 270 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Edison International by 61.4% during the 1st quarter. First Horizon Advisors Inc. now owns 615 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 234 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Edison International by 61.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 670 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 255 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Price Performance

EIX opened at $68.63 on Friday. Edison International has a 12-month low of $58.82 and a 12-month high of $74.92. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 1.86. The business’s fifty day simple moving average is $68.16 and its 200-day simple moving average is $67.23. The company has a market capitalization of $26.40 billion, a price-to-earnings ratio of 22.00 and a beta of 0.96.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. Edison International had a return on equity of 12.63% and a net margin of 8.35%. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the prior year, the company earned $1.14 EPS. On average, equities research analysts anticipate that Edison International will post 5.01 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Wednesday, March 27th. Edison International’s dividend payout ratio (DPR) is currently 100.00%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EIX shares. TheStreet downgraded Edison International from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Royal Bank of Canada cut their target price on Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. The Goldman Sachs Group started coverage on Edison International in a research report on Wednesday. They set a “neutral” rating and a $78.00 target price on the stock. StockNews.com raised Edison International from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th. Finally, Barclays upped their price objective on Edison International from $69.00 to $70.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Edison International has a consensus rating of “Hold” and a consensus price target of $73.60.

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.