UniSuper Management Pty Ltd Has $2.97 Million Stake in Edison International (NYSE:EIX)

UniSuper Management Pty Ltd raised its stake in Edison International (NYSE:EIX) by 26.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,242 shares of the utilities provider’s stock after purchasing an additional 7,866 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Edison International were worth $2,973,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Crews Bank & Trust purchased a new stake in Edison International in the 4th quarter valued at $25,000. Groupama Asset Managment grew 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 worth $26,000 after acquiring an additional 237 shares in the last quarter. Larson Financial Group LLC grew 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 worth $31,000 after acquiring an additional 195 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Edison International in the fourth quarter valued at about $33,000. Finally, ST Germain D J Co. Inc. lifted its position in shares of Edison International by 88.1% during the fourth quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Analyst Ratings Changes

EIX has been the subject of a number of recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. 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. Mizuho dropped their price target on Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $72.00 price objective on shares of Edison International in a research note on Wednesday, February 12th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $76.82.

Edison International Price Performance

NYSE EIX opened at $58.20 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The company has a market cap of $22.41 billion, a PE ratio of 17.07, 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 firm’s 50-day simple moving average is $55.00 and its two-hundred day simple moving average is $72.50.

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

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be given a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 5.69%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio (DPR) is presently 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.