Kestra Private Wealth Services LLC Buys 11,204 Shares of Edison International (NYSE:EIX)

Kestra Private Wealth Services LLC boosted its stake in shares of Edison International (NYSE:EIX) by 169.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 17,800 shares of the utilities provider’s stock after buying an additional 11,204 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Edison International were worth $1,273,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EIX. Bruce G. Allen Investments LLC bought a new position in shares of Edison International during the fourth quarter worth about $27,000. WASHINGTON TRUST Co lifted its position in shares of Edison International by 117.4% in the 4th quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 270 shares during the period. Lindbrook Capital LLC boosted its stake in shares of Edison International by 144.4% in the 3rd quarter. Lindbrook Capital LLC now owns 672 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 397 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Edison International in the 4th quarter valued at $48,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in shares of Edison International during the third quarter worth $47,000. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

EIX opened at $72.34 on Friday. The company has a market cap of $27.83 billion, a price-to-earnings ratio of 31.73 and a beta of 0.95. The company’s fifty day moving average price is $69.33 and its two-hundred day moving average price is $67.89. Edison International has a 1-year low of $58.82 and a 1-year high of $74.40. The company has a current ratio of 1.00, a quick ratio of 0.73 and a debt-to-equity ratio of 2.04.

Edison International (NYSE:EIX) last posted its earnings results on Tuesday, April 30th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.01. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.16 billion. Edison International had a net margin of 6.14% and a return on equity of 12.48%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 EPS. On average, analysts expect that Edison International will post 4.92 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date was Wednesday, March 27th. Edison International’s payout ratio is currently 136.84%.

Analyst Ratings Changes

A number of analysts have commented on the stock. The Goldman Sachs Group started coverage on shares of Edison International in a research report on Wednesday, April 10th. They set a “neutral” rating and a $78.00 price target on the stock. Mizuho decreased their target price on Edison International from $76.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Guggenheim raised Edison International from a “neutral” rating to a “buy” rating and boosted their price target for the company from $66.00 to $84.00 in a research note on Monday, January 22nd. StockNews.com upgraded Edison International from a “sell” rating to a “hold” rating in a report on Saturday, February 24th. Finally, TheStreet lowered shares of Edison International from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $74.10.

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.