AMJ Financial Wealth Management Has $6.67 Million Holdings in Edison International (NYSE:EIX)

AMJ Financial Wealth Management lifted its stake in Edison International (NYSE:EIX) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,552 shares of the utilities provider’s stock after acquiring an additional 2,553 shares during the period. Edison International makes up 1.8% of AMJ Financial Wealth Management’s portfolio, making the stock its 28th largest holding. AMJ Financial Wealth Management’s holdings in Edison International were worth $6,671,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commerzbank Aktiengesellschaft FI grew its position in Edison International by 17.8% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 2,865 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 433 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Edison International by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,416,770 shares of the utilities provider’s stock valued at $192,955,000 after buying an additional 76,654 shares during the period. Steward Partners Investment Advisory LLC grew its position in Edison International by 50.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,776 shares of the utilities provider’s stock worth $781,000 after buying an additional 3,297 shares in the last quarter. Fidelis Capital Partners LLC increased its stake in Edison International by 4.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 14,159 shares of the utilities provider’s stock valued at $1,130,000 after acquiring an additional 655 shares during the period. Finally, Plato Investment Management Ltd raised its holdings in Edison International by 0.9% in the 4th quarter. Plato Investment Management Ltd now owns 44,024 shares of the utilities provider’s stock valued at $3,528,000 after acquiring an additional 381 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 1.7 %

NYSE EIX opened at $55.34 on Tuesday. The stock’s 50 day simple moving average is $60.89 and its 200 day simple moving average is $76.21. Edison International has a one year low of $49.06 and a one year high of $88.77. The firm has a market cap of $21.42 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90. 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 (NYSE:EIX) last announced its earnings results on Thursday, February 27th. The utilities provider reported $1.05 EPS 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 business had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $3.92 billion. As a group, sell-side analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently announced 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. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date of this dividend is Monday, April 7th. Edison International’s dividend payout ratio is presently 100.30%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EIX shares. Wells Fargo & Company decreased their price objective on Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday. Mizuho decreased their price target on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a research note on Wednesday, January 15th. Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group began coverage on shares of Edison International in a research note on Thursday, November 7th. They issued a “buy” rating and a $93.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.25.

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.