U.S. Capital Wealth Advisors LLC Makes New $1.95 Million Investment in Edison International (NYSE:EIX)

U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Edison International (NYSE:EIX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 27,212 shares of the utilities provider’s stock, valued at approximately $1,945,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EIX. Bruce G. Allen Investments LLC purchased a new position in Edison International in the 4th quarter worth about $27,000. WASHINGTON TRUST Co raised its holdings in shares of Edison International by 117.4% during the fourth quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 270 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Edison International by 144.4% during the third 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. Authentikos Wealth Advisory LLC bought a new position in Edison International during the third quarter valued at approximately $47,000. Finally, GAMMA Investing LLC purchased a new stake in Edison International in the fourth quarter worth approximately $48,000. 88.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EIX. Guggenheim upgraded shares of Edison International from a “neutral” rating to a “buy” rating and boosted their target price for the company from $66.00 to $84.00 in a research note on Monday, January 22nd. Barclays upped their price objective on Edison International from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday. Mizuho dropped their target price on Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. StockNews.com raised shares of Edison International from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th. Finally, TheStreet cut shares of Edison International from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $72.78.

Edison International Price Performance

Shares of EIX stock traded up $0.37 on Friday, hitting $72.34. 1,476,177 shares of the stock traded hands, compared to its average volume of 1,983,937. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.00 and a quick ratio of 0.73. Edison International has a 52 week low of $58.82 and a 52 week high of $74.40. The firm has a 50 day simple moving average of $69.41 and a two-hundred day simple moving average of $67.93. The firm has a market cap of $27.83 billion, a price-to-earnings ratio of 31.73 and a beta of 0.95.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. The business had revenue of $4.08 billion during 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 company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $1.09 EPS. As a group, equities research analysts predict that Edison International will post 4.92 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were issued a $0.78 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $3.12 annualized dividend and a dividend yield of 4.31%. Edison International’s dividend payout ratio (DPR) is 136.84%.

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.