Barrow Hanley Mewhinney & Strauss LLC Buys 23,631 Shares of Edison International (NYSE:EIX)

Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Edison International (NYSE:EIX) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 358,176 shares of the utilities provider’s stock after purchasing an additional 23,631 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.09% of Edison International worth $28,597,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Edison International by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider’s stock worth $3,879,408,000 after buying an additional 1,559,501 shares in the last quarter. State Street Corp increased its stake in Edison International by 0.7% in the 3rd quarter. State Street Corp now owns 32,549,936 shares of the utilities provider’s stock worth $2,834,774,000 after acquiring an additional 224,337 shares during the last quarter. Geode Capital Management LLC increased its stake in Edison International by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 9,620,520 shares of the utilities provider’s stock worth $835,142,000 after acquiring an additional 210,461 shares during the last quarter. Norges Bank bought a new stake in shares of Edison International during the 4th quarter valued at about $323,443,000. Finally, American Century Companies Inc. grew its holdings in shares of Edison International by 2.1% during the fourth quarter. American Century Companies Inc. now owns 3,284,870 shares of the utilities provider’s stock worth $262,264,000 after purchasing an additional 69,074 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EIX shares. LADENBURG THALM/SH SH raised 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 note on Wednesday, January 15th. Mizuho dropped their price objective on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. UBS Group raised Edison International from a “neutral” rating to a “buy” rating and reduced their target price for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. Wells Fargo & Company dropped their price target on Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Finally, Guggenheim lowered Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Edison International currently has an average rating of “Moderate Buy” and a consensus target price of $76.82.

Edison International Stock Up 1.6 %

Shares of NYSE:EIX opened at $58.20 on Monday. 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 stock’s 50-day moving average is $55.00 and its 200 day moving average is $72.42. The company has a market cap of $22.41 billion, a PE ratio of 17.07, a P/E/G ratio of 1.07 and a beta of 0.87.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.03). The business had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Sell-side analysts anticipate that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

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