Ausbil Investment Management Ltd Sells 38,174 Shares of Edison International (NYSE:EIX)

Ausbil Investment Management Ltd lowered its holdings in Edison International (NYSE:EIX) by 48.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,305 shares of the utilities provider’s stock after selling 38,174 shares during the quarter. Edison International accounts for about 2.0% of Ausbil Investment Management Ltd’s investment portfolio, making the stock its 22nd biggest position. Ausbil Investment Management Ltd’s holdings in Edison International were worth $3,296,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EIX. Custom Index Systems LLC bought a new stake in Edison International during the fourth quarter worth about $233,000. Heck Capital Advisors LLC bought a new stake in Edison International during the fourth quarter worth about $65,000. Caprock Group LLC bought a new stake in Edison International during the fourth quarter worth about $565,000. Mediolanum International Funds Ltd bought a new stake in Edison International during the fourth quarter worth about $583,000. Finally, Crews Bank & Trust bought a new stake in Edison International during the fourth quarter worth about $25,000. Institutional investors own 88.95% of the company’s stock.

Edison International Trading Down 0.1 %

Shares of NYSE EIX opened at $53.98 on Friday. The company’s 50 day simple moving average is $74.80 and its 200 day simple moving average is $80.37. Edison International has a fifty-two week low of $53.26 and a fifty-two week high of $88.77. The firm has a market capitalization of $20.90 billion, a P/E ratio of 15.83, a P/E/G ratio of 1.15 and a beta of 0.93. 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 (NYSE:EIX) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.13. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.01 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Edison International’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.38 earnings per share. On average, analysts predict that Edison International will post 4.94 EPS for the current year.

Edison International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th were issued a $0.8275 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This is a positive change from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 annualized dividend and a yield of 6.13%. Edison International’s dividend payout ratio (DPR) is 97.07%.

Wall Street Analyst Weigh In

EIX has been the topic of several research analyst reports. Barclays decreased their price objective on shares of Edison International from $76.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Guggenheim cut shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Wells Fargo & Company upped their target price on shares of Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price on the stock in a research report on Wednesday, January 15th. Finally, UBS Group reduced their target price on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $82.88.

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.