Trilogy Capital Inc. lowered its stake in Edison International (NYSE:EIX) by 3.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,093 shares of the utilities provider’s stock after selling 598 shares during the quarter. Trilogy Capital Inc.’s holdings in Edison International were worth $935,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of EIX. Enlightenment Research LLC bought a new stake in shares of Edison International during the 4th quarter valued at about $28,000. Essex Investment Management Co. LLC bought a new stake in Edison International in the 4th quarter worth approximately $28,000. Liberty Wealth Management LLC bought a new stake in Edison International in the 4th quarter worth approximately $29,000. Rehmann Capital Advisory Group lifted its position in Edison International by 57.2% in the 4th quarter. Rehmann Capital Advisory Group now owns 547 shares of the utilities provider’s stock worth $31,000 after buying an additional 199 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Edison International in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 84.82% of the company’s stock.
NYSE:EIX opened at $64.44 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $21.00 billion, a P/E ratio of 15.53, a PEG ratio of 2.24 and a beta of -0.06. Edison International has a 1-year low of $45.50 and a 1-year high of $71.00.
Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, February 28th. The utilities provider reported $0.94 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.06). The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Edison International had a positive return on equity of 10.47% and a negative net margin of 2.45%. During the same period last year, the firm earned $1.10 earnings per share. On average, equities analysts forecast that Edison International will post 4.5 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be paid a $0.6125 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $2.45 dividend on an annualized basis and a yield of 3.80%. Edison International’s dividend payout ratio (DPR) is currently 59.04%.
A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Edison International from a “hold” rating to a “sell” rating in a research report on Monday. Wells Fargo & Co boosted their target price on Edison International from $65.00 to $75.00 and gave the stock a “market perform” rating in a research report on Monday. SunTrust Banks boosted their target price on Edison International to $77.00 and gave the stock a “positive” rating in a research report on Monday. Barclays restated a “hold” rating and issued a $65.00 target price on shares of Edison International in a research report on Friday, February 15th. Finally, Mizuho boosted their target price on Edison International from $57.00 to $66.50 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $70.14.
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Edison International Profile
Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.
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