Picton Mahoney Asset Management Purchases 2,023 Shares of Edison International (NYSE:EIX)

Picton Mahoney Asset Management grew its position in Edison International (NYSE:EIX) by 46.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,387 shares of the utilities provider’s stock after buying an additional 2,023 shares during the quarter. Picton Mahoney Asset Management’s holdings in Edison International were worth $509,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Crews Bank & Trust acquired a new stake in Edison International in the 4th quarter valued at approximately $25,000. Groupama Asset Managment lifted its position in shares of Edison International by 0.8% in the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 237 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Edison International by 125.0% during the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 195 shares during the last quarter. Prospera Private Wealth LLC bought a new position in Edison International in the third quarter valued at $32,000. Finally, Sierra Ocean LLC bought a new position in Edison International in the fourth quarter valued at $33,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a $72.00 price objective on shares of Edison International in a research note on Wednesday, February 12th. The Goldman Sachs Group decreased their price target on Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Wells Fargo & Company dropped their price objective on Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a research report on Wednesday, January 15th. Finally, UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $69.00 to $65.00 in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Edison International presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.54.

Edison International Stock Up 2.1 %

Edison International stock opened at $57.01 on Monday. The company’s 50-day moving average price is $56.56 and its two-hundred day moving average price is $74.41. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The stock has a market cap of $21.95 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.07 and a beta of 0.87. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77.

Edison International (NYSE:EIX) last released its quarterly earnings results 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). The firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. As a group, analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be given a $0.8275 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.81%. Edison International’s payout ratio is presently 100.30%.

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.