Frank Rimerman Advisors LLC Purchases 301 Shares of Edison International (NYSE:EIX)

Frank Rimerman Advisors LLC boosted its position in Edison International (NYSE:EIX) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,244 shares of the utilities provider’s stock after acquiring an additional 301 shares during the period. Frank Rimerman Advisors LLC’s holdings in Edison International were worth $259,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Crews Bank & Trust acquired a new position in Edison International in the fourth quarter valued at about $25,000. Groupama Asset Managment lifted its stake in Edison International by 0.8% in the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock valued at $26,000 after buying an additional 237 shares during the period. Larson Financial Group LLC lifted its stake 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 buying an additional 195 shares during the period. Prospera Private Wealth LLC acquired a new position in Edison International in the third quarter valued at about $32,000. Finally, Sierra Ocean LLC acquired a new position in Edison International in the fourth quarter valued at about $33,000. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 3.4 %

NYSE:EIX opened at $58.94 on Tuesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The company has a market cap of $22.69 billion, a PE ratio of 17.29, a PEG ratio of 1.07 and a beta of 0.87. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77. The stock has a 50-day simple moving average of $56.17 and a 200 day simple moving average of $74.21.

Edison International (NYSE:EIX) last posted its quarterly earnings data 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 firm had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. On average, sell-side analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be paid 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 5.62%. Edison International’s dividend payout ratio is 100.30%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EIX. The Goldman Sachs Group cut their target price on Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $72.00 target price on shares of Edison International in a research note on Wednesday, February 12th. Barclays dropped their price target on Edison International from $67.00 to $65.00 and set an “overweight” rating on the stock 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. Finally, UBS Group raised Edison International from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.54.

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.