43,561 Shares in Edison International (NYSE:EIX) Acquired by Slagle Financial LLC

Slagle Financial LLC acquired a new stake in shares of Edison International (NYSE:EIX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 43,561 shares of the utilities provider’s stock, valued at approximately $3,478,000. Edison International comprises about 1.6% of Slagle Financial LLC’s portfolio, making the stock its 21st largest holding.

A number of other large investors have also made changes to their positions in EIX. Vanguard Group Inc. boosted its holdings in Edison International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider’s stock valued at $3,879,408,000 after purchasing an additional 1,559,501 shares during the period. State Street Corp increased its stake in shares of Edison International by 0.7% in the 3rd quarter. State Street Corp now owns 32,549,936 shares of the utilities provider’s stock valued at $2,834,774,000 after buying an additional 224,337 shares during the period. Geode Capital Management LLC boosted its stake in shares of 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 purchasing an additional 210,461 shares during the last quarter. Norges Bank bought a new stake in shares of Edison International during the 4th quarter valued at $323,443,000. Finally, American Century Companies Inc. boosted its holdings in Edison International by 2.1% during the fourth quarter. American Century Companies Inc. now owns 3,284,870 shares of the utilities provider’s stock worth $262,264,000 after buying an additional 69,074 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on EIX. Morgan Stanley lifted their price target on Edison International from $48.00 to $52.00 and gave the company an “underweight” rating in a research note on Thursday, March 20th. Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. UBS Group raised Edison International from a “neutral” rating to a “buy” rating and reduced their target price for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a report on Wednesday, January 15th. Finally, Wells Fargo & Company decreased their target price on Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. One equities 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $76.82.

Edison International Stock Down 0.8 %

EIX stock opened at $57.33 on Friday. Edison International has a fifty-two week low of $49.06 and a fifty-two week high of $88.77. The company’s 50 day moving average price is $55.09 and its 200 day moving average price is $72.78. 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 firm has a market capitalization of $22.07 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.07 and a beta of 0.87.

Edison International (NYSE:EIX) last announced 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 firm 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, equities research analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be issued a dividend of $0.8275 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.77%. Edison International’s payout ratio is 100.30%.

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.