Atria Investments Inc Buys 1,648 Shares of Edison International (NYSE:EIX)

Atria Investments Inc raised its stake in shares of Edison International (NYSE:EIX) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,480 shares of the utilities provider’s stock after buying an additional 1,648 shares during the quarter. Atria Investments Inc’s holdings in Edison International were worth $1,475,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Crews Bank & Trust bought a new position in Edison International in the 4th quarter valued at approximately $25,000. Groupama Asset Managment boosted its position in shares of Edison International by 0.8% during the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock valued at $26,000 after buying an additional 237 shares during the last quarter. Larson Financial Group LLC increased its holdings in Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after buying an additional 195 shares in the last quarter. Prospera Private Wealth LLC bought a new position in Edison International during the 3rd quarter valued at about $32,000. Finally, Sierra Ocean LLC purchased a new position in shares of Edison International during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 1.1 %

Shares of NYSE EIX opened at $57.03 on Tuesday. The stock has a market capitalization of $21.96 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 1.07 and a beta of 0.87. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The firm’s 50-day moving average price is $58.46 and its 200-day moving average price is $75.22. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). The business had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. On average, equities research analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be given a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 5.80%. The ex-dividend date of this dividend is Monday, April 7th. Edison International’s payout ratio is 100.30%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EIX. JPMorgan Chase & Co. restated a “neutral” rating and issued a $72.00 target price on shares of Edison International in a report on Wednesday, February 12th. Guggenheim cut shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Barclays dropped their price objective on Edison International from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price for the company in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group lowered their price target on Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $76.54.

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.