American Century Companies Inc. Has $262.26 Million Stock Holdings in Edison International (NYSE:EIX)

American Century Companies Inc. grew its position in Edison International (NYSE:EIX) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,284,870 shares of the utilities provider’s stock after purchasing an additional 69,074 shares during the period. American Century Companies Inc. owned about 0.85% of Edison International worth $262,264,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EIX. OneDigital Investment Advisors LLC raised its holdings in Edison International by 7.3% in the third quarter. OneDigital Investment Advisors LLC now owns 3,884 shares of the utilities provider’s stock worth $338,000 after purchasing an additional 263 shares during the period. Empowered Funds LLC raised its holdings in shares of Edison International by 9.1% during the third quarter. Empowered Funds LLC now owns 6,392 shares of the utilities provider’s stock worth $557,000 after acquiring an additional 532 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Edison International by 15.4% during the third quarter. Thrivent Financial for Lutherans now owns 23,095 shares of the utilities provider’s stock worth $2,011,000 after acquiring an additional 3,078 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Edison International during the third quarter worth $1,387,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Edison International by 6.6% during the third quarter. PNC Financial Services Group Inc. now owns 53,577 shares of the utilities provider’s stock worth $4,666,000 after acquiring an additional 3,311 shares during the period. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EIX. Morgan Stanley raised their price objective on shares of Edison International from $48.00 to $52.00 and gave the stock an “underweight” rating in a report on Thursday. Barclays dropped their price objective 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. The Goldman Sachs Group dropped their price objective on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Finally, Mizuho dropped their price objective on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.82.

Edison International Stock Performance

Shares of EIX opened at $58.32 on Friday. The firm has a 50-day moving average of $55.24 and a 200-day moving average of $73.60. Edison International has a one year low of $49.06 and a one year high of $88.77. The company has a market cap of $22.45 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. 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 quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). Edison International had a net margin of 8.52% and a return on equity of 13.17%. The firm had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $3.92 billion. As a group, equities analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

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 $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend is Monday, April 7th. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

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.