Edison International (NYSE:EIX) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lessened its holdings in shares of Edison International (NYSE:EIX) by 25.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 878,136 shares of the utilities provider’s stock after selling 298,120 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Edison International were worth $70,110,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. CIBC Private Wealth Group LLC boosted its position in Edison International by 5.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 13,126 shares of the utilities provider’s stock worth $1,048,000 after acquiring an additional 722 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Edison International by 7.1% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 358,176 shares of the utilities provider’s stock worth $28,597,000 after purchasing an additional 23,631 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Edison International by 31.1% in the fourth quarter. Schroder Investment Management Group now owns 785,083 shares of the utilities provider’s stock valued at $62,555,000 after purchasing an additional 186,265 shares in the last quarter. Allianz SE acquired a new stake in shares of Edison International in the fourth quarter valued at approximately $829,000. Finally, Intrust Bank NA lifted its position in Edison International by 11.7% during the fourth quarter. Intrust Bank NA now owns 5,603 shares of the utilities provider’s stock worth $447,000 after buying an additional 587 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on EIX. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $72.00 target price on shares of Edison International in a research note on Wednesday, February 12th. Mizuho cut their price objective on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Barclays decreased their target price 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. Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their price objective on Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $76.82.

Edison International Price Performance

Shares of EIX opened at $58.20 on Friday. Edison International has a 1-year low of $49.06 and a 1-year high of $88.77. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The stock has a market cap of $22.41 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. The firm has a fifty day moving average price of $55.00 and a 200 day moving average price of $72.50.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). The firm had revenue of $17.60 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. As a group, sell-side analysts anticipate that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 5.69%. The ex-dividend date is Monday, April 7th. Edison International’s dividend 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.