2,973 Shares in Edison International (NYSE:EIX) Bought by Flputnam Investment Management Co.

Flputnam Investment Management Co. purchased a new stake in Edison International (NYSE:EIX) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,973 shares of the utilities provider’s stock, valued at approximately $213,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of Edison International by 12.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,234,491 shares of the utilities provider’s stock valued at $86,534,000 after purchasing an additional 137,840 shares in the last quarter. Aviva PLC increased its holdings in Edison International by 21.5% in the first quarter. Aviva PLC now owns 151,158 shares of the utilities provider’s stock valued at $10,596,000 after buying an additional 26,797 shares during the last quarter. Prudential PLC acquired a new stake in Edison International during the first quarter valued at approximately $688,000. Cetera Investment Advisers lifted its holdings in Edison International by 30.5% during the 1st quarter. Cetera Investment Advisers now owns 6,916 shares of the utilities provider’s stock worth $485,000 after buying an additional 1,617 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Edison International by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 44,530,226 shares of the utilities provider’s stock worth $3,121,569,000 after acquiring an additional 731,841 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on EIX. StockNews.com raised Edison International from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th. Royal Bank of Canada dropped their target price on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Guggenheim raised shares of Edison International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $66.00 to $84.00 in a report on Monday, January 22nd. Barclays boosted their price objective on shares of Edison International from $69.00 to $70.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Finally, Mizuho cut their target price on shares of Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $73.60.

Edison International Price Performance

NYSE EIX opened at $68.13 on Friday. The company has a 50-day moving average price of $68.36 and a two-hundred day moving average price of $67.32. Edison International has a 52 week low of $58.82 and a 52 week high of $74.92. The stock has a market cap of $26.21 billion, a price-to-earnings ratio of 21.84 and a beta of 0.96. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 1.86.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. Edison International had a return on equity of 12.63% and a net margin of 8.35%. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same period in the prior year, the company posted $1.14 EPS. Analysts forecast that Edison International will post 5.01 EPS for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Wednesday, March 27th. Edison International’s dividend payout ratio is currently 100.00%.

Edison International Company 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.