Edison International (NYSE:EIX) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its holdings in shares of Edison International (NYSE:EIX) by 242.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,731 shares of the utilities provider’s stock after acquiring an additional 12,546 shares during the quarter. Teacher Retirement System of Texas’ holdings in Edison International were worth $1,416,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Crews Bank & Trust purchased a new stake in Edison International during the 4th quarter worth approximately $25,000. Groupama Asset Managment increased its stake in shares of Edison International by 0.8% in the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after buying an additional 237 shares during the last quarter. Larson Financial Group LLC raised its holdings in Edison International by 125.0% in the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 195 shares in the last quarter. Sierra Ocean LLC bought a new position in Edison International during the 4th quarter valued at $33,000. Finally, ST Germain D J Co. Inc. boosted its stake in Edison International by 88.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EIX shares. The Goldman Sachs Group reduced their price target on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Barclays decreased their target price on Edison International from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Mizuho dropped their price target on Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $72.00 target price on shares of Edison International in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $76.82.

Edison International Stock Performance

Shares of NYSE EIX opened at $58.20 on Friday. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The company has a market cap of $22.41 billion, a PE ratio of 17.07, a P/E/G ratio of 1.07 and a beta of 0.87. The stock has a 50 day simple moving average of $55.00 and a 200-day simple moving average of $72.59. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX) last announced its quarterly 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 business had revenue of $17.60 billion for the quarter, compared to analyst estimates of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. On average, equities research analysts forecast that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

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