Edison International (NYSE:EIX) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. decreased its stake in Edison International (NYSE:EIX) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,404 shares of the utilities provider’s stock after selling 419 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Edison International were worth $815,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EIX. Bruce G. Allen Investments LLC acquired a new stake in shares of Edison International in the fourth quarter valued at about $27,000. WASHINGTON TRUST Co grew its position in shares of Edison International by 117.4% in the fourth quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 270 shares during the period. Lindbrook Capital LLC grew its position in shares of Edison International by 144.4% in the third quarter. Lindbrook Capital LLC now owns 672 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 397 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in shares of Edison International in the third quarter valued at about $47,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Edison International in the fourth quarter valued at about $48,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Trading Down 1.4 %

NYSE EIX opened at $70.16 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 1.86. Edison International has a 52 week low of $58.82 and a 52 week high of $74.92. The stock has a market capitalization of $26.99 billion, a PE ratio of 22.49 and a beta of 0.96. The firm has a 50 day moving average of $68.98 and a two-hundred day moving average of $67.70.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.16 by $0.12. Edison International had a net margin of 8.35% and a return on equity of 12.63%. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $4.19 billion. During the same quarter in the previous year, the business posted $1.14 EPS. As a group, research analysts expect that Edison International will post 4.92 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Wednesday, March 27th. Edison International’s payout ratio is 100.00%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Guggenheim raised shares of Edison International from a “neutral” rating to a “buy” rating and raised their price target for the stock from $66.00 to $84.00 in a research note on Monday, January 22nd. Mizuho decreased their price target on shares of Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. TheStreet downgraded shares of Edison International from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Royal Bank of Canada reduced their target price on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Finally, The Goldman Sachs Group started coverage on shares of Edison International in a research note on Wednesday, April 10th. They set a “neutral” rating and a $78.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Edison International currently has a consensus rating of “Hold” and an average price target of $73.60.

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.