Sapient Capital LLC Acquires Shares of 3,126 Edison International (NYSE:EIX)

Sapient Capital LLC acquired a new stake in shares of Edison International (NYSE:EIX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,126 shares of the utilities provider’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Edison International during the 4th quarter worth approximately $222,895,000. Deutsche Bank AG raised its stake in shares of Edison International by 266.3% during the 3rd quarter. Deutsche Bank AG now owns 4,309,133 shares of the utilities provider’s stock worth $272,725,000 after buying an additional 3,132,877 shares in the last quarter. Invesco Ltd. raised its stake in shares of Edison International by 36.8% during the 1st quarter. Invesco Ltd. now owns 5,732,894 shares of the utilities provider’s stock worth $401,877,000 after buying an additional 1,541,989 shares in the last quarter. Morgan Stanley raised its stake in shares of Edison International by 33.5% during the 4th quarter. Morgan Stanley now owns 5,362,970 shares of the utilities provider’s stock worth $341,192,000 after buying an additional 1,345,379 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Edison International by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 44,530,226 shares of the utilities provider’s stock worth $3,121,569,000 after buying an additional 731,841 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Trading Down 1.1 %

Shares of Edison International stock opened at $67.88 on Tuesday. Edison International has a fifty-two week low of $58.82 and a fifty-two week high of $74.92. The firm has a market cap of $26.11 billion, a PE ratio of 21.76 and a beta of 0.96. The business’s fifty day moving average is $68.21 and its two-hundred day moving average is $67.29. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 1.86.

Edison International (NYSE:EIX) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.12. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $4.19 billion. Edison International had a return on equity of 12.63% and a net margin of 8.35%. During the same period last year, the company posted $1.14 EPS. Analysts anticipate that Edison International will post 5.01 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 4.60%. The ex-dividend date is Wednesday, March 27th. Edison International’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com upgraded Edison International from a “sell” rating to a “hold” rating in a report on Saturday, February 24th. The Goldman Sachs Group assumed coverage on Edison International in a report on Wednesday, April 10th. They set a “neutral” rating and a $78.00 target price on the stock. TheStreet cut Edison International from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Barclays increased their target price on Edison International from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. Finally, Guggenheim upgraded Edison International from a “neutral” rating to a “buy” rating and increased their target price for the company from $66.00 to $84.00 in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $73.60.

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.