Securian Asset Management Inc. Decreases Stake in Edison International (NYSE:EIX)

Securian Asset Management Inc. lessened its stake in Edison International (NYSE:EIX) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,807 shares of the utilities provider’s stock after selling 516 shares during the quarter. Securian Asset Management Inc.’s holdings in Edison International were worth $1,661,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crews Bank & Trust purchased a new position in shares of Edison International in the 4th quarter valued at about $25,000. Groupama Asset Managment boosted its stake in shares of Edison International by 0.8% in the 3rd 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 period. Larson Financial Group LLC boosted its stake in shares of Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after buying an additional 195 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Edison International in the 3rd quarter valued at about $32,000. Finally, Sierra Ocean LLC purchased a new position in shares of Edison International in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EIX shares. Guggenheim cut Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. 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 note on Wednesday, January 15th. Barclays decreased their target price 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. The Goldman Sachs Group decreased their target price on Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Finally, Mizuho decreased their target price on Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $76.54.

Edison International Trading Up 0.7 %

EIX opened at $55.86 on Friday. The firm has a market cap of $21.51 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77. The business’s 50 day moving average is $57.02 and its two-hundred day moving average is $74.75. 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 (NYSE:EIX) last released its earnings results 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 company had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. On average, research 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. Stockholders of record on Monday, April 7th will be issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Monday, April 7th. Edison International’s payout ratio is currently 100.30%.

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.