Fidelis Capital Partners LLC Purchases 655 Shares of Edison International (NYSE:EIX)

Fidelis Capital Partners LLC grew its position in Edison International (NYSE:EIX) by 4.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,159 shares of the utilities provider’s stock after buying an additional 655 shares during the period. Fidelis Capital Partners LLC’s holdings in Edison International were worth $1,130,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Plato Investment Management Ltd grew its position in Edison International by 0.9% during the 4th quarter. Plato Investment Management Ltd now owns 44,024 shares of the utilities provider’s stock worth $3,528,000 after purchasing an additional 381 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Edison International during the 4th quarter worth approximately $44,000. Jones Financial Companies Lllp grew its position in Edison International by 73.9% during the 4th quarter. Jones Financial Companies Lllp now owns 4,595 shares of the utilities provider’s stock worth $367,000 after purchasing an additional 1,952 shares during the last quarter. SRS Capital Advisors Inc. grew its position in Edison International by 27.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,115 shares of the utilities provider’s stock worth $89,000 after purchasing an additional 243 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Edison International by 76.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,330 shares of the utilities provider’s stock worth $186,000 after purchasing an additional 1,006 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Trading Up 1.7 %

Shares of EIX stock opened at $55.34 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The firm has a market cap of $21.42 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90. The company has a 50-day moving average of $60.89 and a two-hundred day moving average of $76.21. Edison International has a 1-year low of $49.06 and a 1-year high of $88.77.

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

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 5.98%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barclays dropped their target price on shares of Edison International from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday. Morgan Stanley dropped their price objective on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a report on Friday, February 14th. Mizuho dropped their price objective on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price for the company in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $77.25.

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.