Mutual of America Capital Management LLC Has $3.67 Million Stock Position in Edison International (NYSE:EIX)

Mutual of America Capital Management LLC trimmed its holdings in shares of Edison International (NYSE:EIX) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,282 shares of the utilities provider’s stock after selling 2,347 shares during the period. Mutual of America Capital Management LLC’s holdings in Edison International were worth $3,666,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC acquired a new position in Edison International during the fourth quarter valued at $27,000. RVW Wealth LLC acquired a new position in Edison International in the 3rd quarter worth about $25,000. WASHINGTON TRUST Co increased its position in Edison International by 117.4% in the 4th quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 270 shares during the last quarter. First Horizon Advisors Inc. increased its position in Edison International by 61.4% in the 1st quarter. First Horizon Advisors Inc. now owns 615 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 234 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Edison International by 61.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 670 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 255 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. The Goldman Sachs Group assumed coverage on Edison International in a research report on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 target price on the stock. TheStreet lowered Edison International from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Barclays upped their target price on 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 dropped their target price on Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Finally, Guggenheim raised Edison International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $66.00 to $84.00 in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $73.60.

Edison International Stock Down 1.6 %

Shares of EIX stock opened at $66.79 on Wednesday. The stock’s 50 day simple moving average is $68.24 and its 200 day simple moving average is $67.31. 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 twelve month low of $58.82 and a twelve month high of $74.92. The company has a market capitalization of $25.69 billion, a price-to-earnings ratio of 21.41 and a beta of 0.96.

Edison International (NYSE:EIX) last issued its quarterly 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 company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $4.19 billion. Edison International had a return on equity of 12.63% and a net margin of 8.35%. During the same period in the previous year, the business posted $1.14 EPS. As a group, research analysts predict that Edison International will post 5.01 EPS for the current year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 4.67%. The ex-dividend date is Wednesday, March 27th. Edison International’s payout ratio is presently 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.