Edison International (NYSE:EIX) Stock Holdings Reduced by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC cut its position in shares of Edison International (NYSE:EIX) by 20.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,599 shares of the utilities provider’s stock after selling 1,952 shares during the period. Foundations Investment Advisors LLC’s holdings in Edison International were worth $607,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Highline Wealth Partners LLC bought a new position in Edison International during the third quarter valued at approximately $26,000. Groupama Asset Managment raised its holdings in shares of Edison International by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 237 shares in the last quarter. Eastern Bank acquired a new stake in shares of Edison International in the 3rd quarter valued at $27,000. Larson Financial Group LLC boosted its holdings in Edison International by 125.0% in the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 195 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in Edison International during the third quarter worth $32,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Trading Down 3.3 %

Shares of EIX opened at $53.94 on Friday. The stock’s 50-day moving average price is $75.46 and its 200 day moving average price is $80.56. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. Edison International has a 12-month low of $53.52 and a 12-month high of $88.77. The firm has a market capitalization of $20.88 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 1.20 and a beta of 0.93.

Edison International (NYSE:EIX) last issued its earnings results on Tuesday, October 29th. The utilities provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.13. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the company posted $1.38 earnings per share. Edison International’s revenue was up 10.6% on a year-over-year basis. As a group, research analysts predict that Edison International will post 4.94 earnings per share for the current year.

Edison International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th will be paid a $0.8275 dividend. This is a boost from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date is Tuesday, January 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.14%. Edison International’s dividend payout ratio is currently 97.07%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EIX shares. LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target for the company in a research report on Wednesday, January 15th. Jefferies Financial Group began coverage on Edison International in a research report on Thursday, November 7th. They set a “buy” rating and a $93.00 target price for the company. Morgan Stanley dropped their price target on shares of Edison International from $74.00 to $72.00 and set an “underweight” rating on the stock in a research report on Friday, November 22nd. Barclays decreased their price objective on shares of Edison International from $76.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Finally, Wells Fargo & Company lifted their target price on shares of Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $82.88.

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.