Edison International (NYSE:EIX) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lessened its position in shares of Edison International (NYSE:EIX) by 24.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 41,942 shares of the utilities provider’s stock after selling 13,892 shares during the quarter. MML Investors Services LLC’s holdings in Edison International were worth $3,349,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in EIX. Barclays PLC lifted its stake in shares of Edison International by 16.9% in the 3rd quarter. Barclays PLC now owns 918,489 shares of the utilities provider’s stock valued at $79,991,000 after purchasing an additional 132,749 shares during the last quarter. Virtu Financial LLC purchased a new stake in Edison International in the 3rd quarter valued at about $1,791,000. World Investment Advisors LLC acquired a new position in Edison International in the third quarter valued at about $221,000. Wilmington Savings Fund Society FSB purchased a new position in Edison International during the third quarter worth about $188,000. Finally, Tidal Investments LLC boosted its stake in Edison International by 2.6% during the third quarter. Tidal Investments LLC now owns 18,719 shares of the utilities provider’s stock worth $1,630,000 after buying an additional 476 shares during the period. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EIX has been the topic of a number of research analyst reports. Barclays reduced their price target on shares of Edison International from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a research note on Wednesday, January 15th. JPMorgan Chase & Co. restated a “neutral” rating and set a $72.00 price target on shares of Edison International in a research report on Wednesday, February 12th. Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Finally, Mizuho lowered their target price on Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.75.

Edison International Trading Down 0.4 %

NYSE EIX opened at $57.95 on Friday. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77. The firm has a 50 day moving average of $56.12 and a two-hundred day moving average of $68.14. 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 capitalization of $22.31 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74.

Edison International (NYSE:EIX) last issued its earnings results on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be issued a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.71%. Edison International’s payout ratio is currently 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.