Martingale Asset Management L P Acquires 22,637 Shares of Edison International (EIX)

Martingale Asset Management L P lifted its holdings in shares of Edison International (NYSE:EIX) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 385,362 shares of the utilities provider’s stock after purchasing an additional 22,637 shares during the period. Martingale Asset Management L P owned 0.12% of Edison International worth $24,371,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Eaton Vance Management lifted its holdings in shares of Edison International by 265.3% during the fourth quarter. Eaton Vance Management now owns 535,607 shares of the utilities provider’s stock worth $33,872,000 after purchasing an additional 388,968 shares during the period. Amica Retiree Medical Trust lifted its holdings in shares of Edison International by 77.6% during the fourth quarter. Amica Retiree Medical Trust now owns 3,165 shares of the utilities provider’s stock worth $200,000 after purchasing an additional 1,383 shares during the period. Amica Pension Fund Board of Trustees lifted its holdings in shares of Edison International by 77.7% during the fourth quarter. Amica Pension Fund Board of Trustees now owns 20,809 shares of the utilities provider’s stock worth $1,316,000 after purchasing an additional 9,102 shares during the period. Standard Life Aberdeen plc lifted its holdings in shares of Edison International by 20.0% during the fourth quarter. Standard Life Aberdeen plc now owns 591,017 shares of the utilities provider’s stock worth $37,378,000 after purchasing an additional 98,400 shares during the period. Finally, Mutual Advisors LLC acquired a new position in shares of Edison International during the fourth quarter worth $761,000. Institutional investors own 80.57% of the company’s stock.

Shares of Edison International (NYSE:EIX) opened at $59.74 on Friday. Edison International has a 52 week low of $57.63 and a 52 week high of $83.38. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.80. The firm has a market cap of $19,252.18, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 2.18 and a beta of 0.17.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.17. Edison International had a net margin of 13.18% and a return on equity of 10.84%. The firm had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm posted $1.02 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. equities research analysts predict that Edison International will post 4.32 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be paid a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 4.05%. Edison International’s dividend payout ratio (DPR) is currently 54.63%.

A number of brokerages have recently commented on EIX. Guggenheim upgraded shares of Edison International from a “neutral” rating to a “buy” rating in a report on Friday. Morgan Stanley dropped their target price on shares of Edison International from $76.00 to $71.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 13th. SunTrust Banks set a $71.00 target price on shares of Edison International and gave the company a “buy” rating in a report on Monday, February 12th. UBS Group started coverage on shares of Edison International in a report on Friday, February 2nd. They issued a “neutral” rating and a $67.00 target price on the stock. Finally, ValuEngine lowered shares of Edison International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $77.21.

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About Edison International

Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.

Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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