Sapient Capital LLC Acquires New Shares in Edison International (NYSE:EIX)

Sapient Capital LLC acquired a new stake in Edison International (NYSE:EIX) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,126 shares of the utilities provider’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Edison International by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 44,530,226 shares of the utilities provider’s stock valued at $3,121,569,000 after purchasing an additional 731,841 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of Edison International by 1.5% in the 3rd quarter. Pzena Investment Management LLC now owns 13,316,887 shares of the utilities provider’s stock valued at $842,826,000 after purchasing an additional 197,259 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Edison International by 3.3% in the 3rd quarter. Wellington Management Group LLP now owns 9,842,171 shares of the utilities provider’s stock valued at $622,911,000 after purchasing an additional 317,297 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Edison International by 8.9% in the 3rd quarter. Clearbridge Investments LLC now owns 6,830,749 shares of the utilities provider’s stock valued at $432,318,000 after purchasing an additional 558,351 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Edison International by 36.8% in the 1st quarter. Invesco Ltd. now owns 5,732,894 shares of the utilities provider’s stock valued at $401,877,000 after purchasing an additional 1,541,989 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EIX shares. StockNews.com raised shares of Edison International from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. Royal Bank of Canada cut their target price on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th. Barclays boosted their target price on shares of Edison International from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. Mizuho cut their target price on shares of Edison International from $76.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. Finally, TheStreet lowered shares of Edison International from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $73.60.

Edison International Stock Down 1.1 %

Shares of EIX opened at $67.88 on Tuesday. The company has a 50-day simple moving average of $68.21 and a 200-day simple moving average of $67.29. The firm has a market capitalization of $26.11 billion, a P/E ratio of 21.76 and a beta of 0.96. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.73 and a current ratio of 0.79. Edison International has a 52 week low of $58.82 and a 52 week high of $74.92.

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

Edison International Dividend Announcement

The firm also recently announced 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 is Wednesday, March 27th. This represents a $3.12 dividend on an annualized basis and a yield of 4.60%. Edison International’s payout ratio is currently 100.00%.

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.