NEOS Investment Management LLC Purchases 4,974 Shares of Edison International (NYSE:EIX)

NEOS Investment Management LLC lifted its position in Edison International (NYSE:EIX) by 30.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,311 shares of the utilities provider’s stock after acquiring an additional 4,974 shares during the quarter. NEOS Investment Management LLC’s holdings in Edison International were worth $1,701,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. UniSuper Management Pty Ltd boosted its holdings in Edison International by 26.8% during the 4th quarter. UniSuper Management Pty Ltd now owns 37,242 shares of the utilities provider’s stock valued at $2,973,000 after acquiring an additional 7,866 shares during the period. Elo Mutual Pension Insurance Co lifted its position in shares of Edison International by 25.5% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 42,617 shares of the utilities provider’s stock worth $3,403,000 after purchasing an additional 8,654 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Edison International by 15.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 633,716 shares of the utilities provider’s stock valued at $50,571,000 after purchasing an additional 83,568 shares during the period. Korea Investment CORP grew its holdings in shares of Edison International by 79.7% in the fourth quarter. Korea Investment CORP now owns 326,510 shares of the utilities provider’s stock worth $26,069,000 after purchasing an additional 144,858 shares during the last quarter. Finally, Ausdal Financial Partners Inc. purchased a new position in Edison International in the 4th quarter worth about $907,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Price Performance

Shares of EIX stock opened at $58.20 on Friday. The stock’s 50-day moving average is $55.00 and its 200 day moving average is $72.50. 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 company has a market cap of $22.41 billion, a P/E ratio of 17.07, a PEG ratio of 1.07 and a beta of 0.87.

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 analysts’ consensus estimates of $1.08 by ($0.03). The firm had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Research analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 5.69%. The ex-dividend date of this dividend is Monday, April 7th. Edison International’s dividend payout ratio is currently 100.30%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. LADENBURG THALM/SH SH raised 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 report on Wednesday, January 15th. Mizuho lowered their price target on Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Wells Fargo & Company decreased their target price 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. Finally, UBS Group raised Edison International from a “neutral” rating to a “buy” rating and dropped their price target for the stock 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.82.

Edison International Company 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.