Cape Investment Advisory Inc. Has $218,000 Holdings in Edison International (NYSE:EIX)

Cape Investment Advisory Inc. cut its holdings in shares of Edison International (NYSE:EIX) by 33.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,732 shares of the utilities provider’s stock after selling 1,376 shares during the period. Cape Investment Advisory Inc.’s holdings in Edison International were worth $218,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crews Bank & Trust bought a new stake in shares of Edison International during the fourth quarter worth $25,000. Larson Financial Group LLC lifted its position in Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after buying an additional 195 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in Edison International during the 3rd quarter worth about $32,000. Darwin Wealth Management LLC acquired a new stake in Edison International in the 3rd quarter valued at about $35,000. Finally, Sierra Ocean LLC bought a new position in shares of Edison International in the fourth quarter worth about $33,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Stock Performance

Shares of EIX stock opened at $54.45 on Friday. The stock has a market cap of $21.08 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90. The stock has a 50-day moving average of $61.38 and a 200-day moving average of $76.46. 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 has a one year low of $49.06 and a one year high of $88.77.

Edison International (NYSE:EIX) last issued its earnings results on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate 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, sell-side analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently declared 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. This represents a $3.31 annualized dividend and a dividend yield of 6.08%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio (DPR) is presently 97.07%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in 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 target for the company in a report on Wednesday, January 15th. Barclays lowered their target price on Edison International from $76.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Jefferies Financial Group initiated coverage on Edison International in a research note on Thursday, November 7th. They set a “buy” rating and a $93.00 price target on the stock. Morgan Stanley decreased their price target on Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $72.00 price objective on shares of Edison International in a report on Wednesday, February 12th. One equities 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. Based on data from MarketBeat, Edison International currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.75.

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.