Picton Mahoney Asset Management Has $509,000 Stock Holdings in Edison International (NYSE:EIX)

Picton Mahoney Asset Management increased its position in shares of Edison International (NYSE:EIX) by 46.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,387 shares of the utilities provider’s stock after purchasing an additional 2,023 shares during the quarter. Picton Mahoney Asset Management’s holdings in Edison International were worth $509,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Edison International by 0.7% during the third quarter. State Street Corp now owns 32,549,936 shares of the utilities provider’s stock worth $2,834,774,000 after purchasing an additional 224,337 shares during the last quarter. FMR LLC grew its holdings in Edison International by 8.7% during the 3rd quarter. FMR LLC now owns 21,800,874 shares of the utilities provider’s stock worth $1,898,638,000 after acquiring an additional 1,741,835 shares during the last quarter. Geode Capital Management LLC increased its position in Edison International by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 9,620,520 shares of the utilities provider’s stock valued at $835,142,000 after acquiring an additional 210,461 shares in the last quarter. Amundi increased its position in Edison International by 0.3% in the 4th quarter. Amundi now owns 3,118,404 shares of the utilities provider’s stock valued at $248,973,000 after acquiring an additional 10,396 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Edison International by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,620,122 shares of the utilities provider’s stock worth $209,191,000 after purchasing an additional 32,391 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

Edison International Stock Up 2.1 %

Shares of NYSE:EIX opened at $57.01 on Monday. The company has a 50 day moving average price of $56.56 and a two-hundred day moving average price of $74.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The company has a market capitalization of $21.95 billion, a PE ratio of 16.72, a PEG 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.

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

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend is Monday, April 7th. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EIX shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $72.00 price target on shares of Edison International in a report on Wednesday, February 12th. UBS Group upgraded Edison International from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. Barclays decreased their price target on Edison International from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Morgan Stanley dropped their price objective on Edison International from $71.00 to $48.00 and set an “underweight” rating for the company in a report on Friday, February 14th. Finally, Mizuho reduced their target price on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Edison International has an average rating of “Moderate Buy” and an average target price of $76.54.

Edison International 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.