OMERS ADMINISTRATION Corp Has $4.19 Million Holdings in Edison International $EIX

OMERS ADMINISTRATION Corp lifted its position in shares of Edison International (NYSE:EIX) by 16.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,229 shares of the utilities provider’s stock after buying an additional 8,033 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Edison International were worth $4,188,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in EIX. Lombard Odier Asset Management Switzerland SA acquired a new position in Edison International during the first quarter worth $1,115,000. Waverly Advisors LLC lifted its position in Edison International by 44.5% during the 1st quarter. Waverly Advisors LLC now owns 23,827 shares of the utilities provider’s stock worth $1,744,000 after buying an additional 7,337 shares in the last quarter. Morningstar Investment Management LLC boosted its stake in shares of Edison International by 7.4% during the 1st quarter. Morningstar Investment Management LLC now owns 67,602 shares of the utilities provider’s stock worth $4,947,000 after buying an additional 4,656 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Edison International by 5.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 134,056 shares of the utilities provider’s stock valued at $9,810,000 after acquiring an additional 6,358 shares in the last quarter. Finally, Compound Planning Inc. increased its position in shares of Edison International by 16.7% in the first quarter. Compound Planning Inc. now owns 5,736 shares of the utilities provider’s stock valued at $420,000 after acquiring an additional 821 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on EIX shares. Wells Fargo & Company reissued an “underweight” rating and set a $62.00 price target on shares of Edison International in a research report on Tuesday, April 21st. Bank of America lowered their target price on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. increased their price target on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Finally, Barclays increased their price target on shares of Edison International from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $72.64.

Edison International Stock Down 1.4%

EIX stock opened at $78.64 on Tuesday. Edison International has a 1-year low of $51.01 and a 1-year high of $80.90. The business’s 50 day simple moving average is $73.76 and its 200 day simple moving average is $70.58. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $30.26 billion, a PE ratio of 8.54, a PEG ratio of 6.20 and a beta of 0.66.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter last year, the firm posted $1.37 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, research analysts anticipate that Edison International will post 6.13 EPS for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be given a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.5%. Edison International’s dividend payout ratio is presently 38.11%.

About Edison International

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.