Edison International (NYSE:EIX) Stock Holdings Lessened by Simplicity Solutions LLC

Simplicity Solutions LLC reduced its holdings in Edison International (NYSE:EIX) by 14.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,174 shares of the utilities provider’s stock after selling 1,032 shares during the quarter. Simplicity Solutions LLC’s holdings in Edison International were worth $441,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new position in shares of Edison International in the 4th quarter worth about $27,000. RVW Wealth LLC bought a new position in shares of Edison International in the 3rd quarter worth about $25,000. WASHINGTON TRUST Co lifted its position in shares of 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 buying an additional 270 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of 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 acquiring an additional 234 shares during the period. Finally, Lindbrook Capital LLC increased its holdings in shares of Edison International by 144.4% in the 3rd quarter. Lindbrook Capital LLC now owns 672 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 397 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EIX has been the topic of a number of analyst reports. 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 objective on the stock. Barclays increased their price objective on shares of Edison International from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. StockNews.com raised shares of Edison International from a “sell” rating to a “hold” rating in a report on Saturday, February 24th. TheStreet cut shares of Edison International from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Finally, Royal Bank of Canada dropped their price objective 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. One investment 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 MarketBeat.com, Edison International currently has a consensus rating of “Hold” and an average target price of $73.60.

Edison International Stock Up 0.1 %

Edison International stock opened at $68.13 on Friday. The stock has a market cap of $26.21 billion, a price-to-earnings ratio of 21.84 and a beta of 0.96. 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 company’s 50-day moving average price is $68.36 and its two-hundred day moving average price is $67.32. Edison International has a 52 week low of $58.82 and a 52 week high of $74.92.

Edison International (NYSE:EIX) last released its earnings results on Thursday, February 22nd. The utilities provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.16 by $0.12. The firm had revenue of $3.71 billion for 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 quarter last year, the company earned $1.14 EPS. On average, analysts expect that Edison International will post 5.01 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders 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 annualized dividend and a dividend yield of 4.58%. Edison International’s dividend payout ratio is currently 100.00%.

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.