Several institutional investors and Trading and Financial Analysis hedge funds have recently adjusted their positions in Edison International. Vanguard Group Inc. increased its holdings by 1.7% during the 1st quarter, owning 44,530,226 shares valued at $3,121,569,000. BlackRock Inc. raised its holdings by 2.6% in the 2nd quarter, with ownership of 37,085,024 shares valued at $2,575,555,000.
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State Street Corp also saw a 0.9% increase in holdings during the 2nd quarter, now owning 28,623,789 shares valued at $1,987,922,000. Pzena Investment Management LLC increased its holdings by 1.5% in the 3rd quarter, with ownership of 13,316,887 shares valued at $842,826,000.
Geode Capital Management LLC raised its holdings by 2.5% in the 2nd quarter, now owning 8,113,228 shares valued at $561,985,000. Institutional investors and hedge funds collectively own 88.17% of the company’s stock.
Edison International’s Trading and Financial Analysis showed a 0.1% increase, opening at $69.37 on Tuesday. The stock has a 50-day simple moving average of $68.12 and a 200-day simple moving average of $67.18. With a market capitalization of $26.67 billion, the stock has a price-earnings ratio of 22.23, a P/E/G ratio of 2.33, and a beta of 0.96. Edison International has a 1-year low of $58.82 and a 1-year high of $74.92. The company’s debt-to-equity ratio is 1.86, with a quick ratio of 0.73 and a current ratio of 0.79.
In its latest earnings report on February 22nd, Edison International revealed earnings of $1.28 per share for the quarter, surpassing the consensus estimate of $1.16 by $0.12. With a return on equity of 12.63% and a net margin of 8.35%, the company reported revenue of $3.71 billion for the quarter, missing the consensus estimate of $4.19 billion. Analysts anticipate Edison International to post earnings per share of 4.99 for the current fiscal year.
Additionally, the company Trading and Financial Analysis recently announced a quarterly dividend of $0.78 per share, payable on April 30th to shareholders of record on March 28th. This represents an annualized dividend of $3.12 and a yield of 4.50%, with an ex-dividend date of March 27th. The dividend payout ratio currently stands at 100.00%.
According to Trading and Financial Analysis Wall Street analysts, Edison International (EIX) has received various ratings. Mizuho lowered their price objective from $76.00 to $75.00 and rated the stock as “buy.” Barclays increased their target price to $70.00 and assigned an “equal weight” rating. Guggenheim upgraded Edison International from “neutral” to “buy,” raising their target price to $84.00.
Royal Bank of Canada lowered their target price to $80.00, maintaining an “outperform” rating. Lastly, Morgan Stanley increased the target price to $53.00 and assigned an “underweight” rating. MarketBeat reports an average rating of “Hold” with an average target price of $73.50.