New York State Common Retirement Fund Has $23.88 Million Stock Holdings in Edison International (NYSE:EIX)

New York State Common Retirement Fund cut its position in Edison International (NYSE:EIX) by 9.3% during the 4th quarter, HoldingsChannel reports. The firm owned 334,008 shares of the utilities provider’s stock after selling 34,202 shares during the quarter. New York State Common Retirement Fund’s holdings in Edison International were worth $23,878,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ausbil Investment Management Ltd raised its holdings in Edison International by 54.7% in the fourth quarter. Ausbil Investment Management Ltd now owns 135,099 shares of the utilities provider’s stock worth $9,658,000 after purchasing an additional 47,784 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Edison International during the fourth quarter worth $11,734,000. California Public Employees Retirement System raised its holdings in shares of Edison International by 62.1% during the fourth quarter. California Public Employees Retirement System now owns 1,514,003 shares of the utilities provider’s stock worth $108,236,000 after acquiring an additional 580,117 shares during the period. Metis Global Partners LLC raised its holdings in shares of Edison International by 1.5% during the third quarter. Metis Global Partners LLC now owns 56,588 shares of the utilities provider’s stock worth $3,581,000 after acquiring an additional 834 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of Edison International by 1.3% during the fourth quarter. Mackenzie Financial Corp now owns 422,747 shares of the utilities provider’s stock worth $30,222,000 after acquiring an additional 5,220 shares during the period. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on EIX shares. StockNews.com upgraded shares of Edison International from a “sell” rating to a “hold” rating in a report on Saturday, February 24th. TheStreet lowered shares of Edison International from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Barclays raised their price objective on shares of Edison International from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. The Goldman Sachs Group began coverage on shares of Edison International in a report on Wednesday, April 10th. They set a “neutral” rating and a $78.00 price objective on the stock. Finally, Royal Bank of Canada lowered their price target on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $73.60.

Edison International Stock Down 1.4 %

Shares of EIX stock opened at $70.16 on Friday. 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 has a 1 year low of $58.82 and a 1 year high of $74.92. The firm’s fifty day moving average price is $68.98 and its two-hundred day moving average price is $67.70. The firm has a market capitalization of $26.99 billion, a P/E ratio of 22.49 and a beta of 0.96.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.12. Edison International had a net margin of 8.35% and a return on equity of 12.63%. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $4.19 billion. During the same period in the previous year, the business earned $1.14 EPS. On average, equities analysts predict that Edison International will post 4.92 EPS for the current fiscal year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Wednesday, March 27th. Edison International’s dividend payout ratio (DPR) is presently 100.00%.

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.