Inceptionr LLC Has $598,000 Position in Edison International (NYSE:EIX)

Inceptionr LLC cut its position in Edison International (NYSE:EIX) by 68.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,490 shares of the utilities provider’s stock after selling 16,441 shares during the quarter. Inceptionr LLC’s holdings in Edison International were worth $598,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its position in shares of Edison International by 0.7% in the 3rd quarter. State Street Corp now owns 32,549,936 shares of the utilities provider’s stock valued at $2,834,774,000 after buying an additional 224,337 shares in the last quarter. FMR LLC raised its position in shares of Edison International by 8.7% in the 3rd quarter. FMR LLC now owns 21,800,874 shares of the utilities provider’s stock valued at $1,898,638,000 after buying an additional 1,741,835 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Edison International by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 9,620,520 shares of the utilities provider’s stock valued at $835,142,000 after buying an additional 210,461 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Edison International by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,620,122 shares of the utilities provider’s stock valued at $209,191,000 after buying an additional 32,391 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Edison International by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,416,770 shares of the utilities provider’s stock valued at $192,955,000 after purchasing an additional 76,654 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Trading Up 2.5 %

EIX opened at $56.46 on Friday. The company’s 50 day moving average price is $58.91 and its two-hundred day moving average price is $75.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. Edison International has a fifty-two week low of $49.06 and a fifty-two week high of $88.77. The firm has a market capitalization of $21.74 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.07 and a beta of 0.87.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.03). Edison International had a return on equity of 13.17% and a net margin of 8.52%. The firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $3.92 billion. As a group, research analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 5.86%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EIX shares. Barclays decreased their price target on shares of Edison International from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Morgan Stanley decreased their price target on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a report on Friday, February 14th. The Goldman Sachs Group decreased their price target on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $72.00 price target on shares of Edison International in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.54.

About Edison International

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.