Yousif Capital Management LLC Sells 2,504 Shares of Edison International (NYSE:EIX)

Yousif Capital Management LLC cut its stake in shares of Edison International (NYSE:EIX) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,703 shares of the utilities provider’s stock after selling 2,504 shares during the quarter. Yousif Capital Management LLC’s holdings in Edison International were worth $4,197,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC bought a new position in shares of Edison International during the 4th quarter valued at approximately $48,000. Marks Group Wealth Management Inc grew its stake in shares of Edison International by 18.4% during the 4th quarter. Marks Group Wealth Management Inc now owns 39,260 shares of the utilities provider’s stock valued at $2,807,000 after acquiring an additional 6,096 shares during the period. Illinois Municipal Retirement Fund grew its stake in shares of Edison International by 94.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 201,151 shares of the utilities provider’s stock valued at $14,380,000 after acquiring an additional 97,481 shares during the period. California Public Employees Retirement System grew its stake in shares of Edison International by 62.1% during the 4th quarter. California Public Employees Retirement System now owns 1,514,003 shares of the utilities provider’s stock valued at $108,236,000 after acquiring an additional 580,117 shares during the period. Finally, Foster & Motley Inc. boosted its stake in Edison International by 17.4% in the 4th quarter. Foster & Motley Inc. now owns 84,877 shares of the utilities provider’s stock worth $6,068,000 after purchasing an additional 12,583 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EIX. Guggenheim upgraded Edison International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $66.00 to $84.00 in a research note on Monday, January 22nd. StockNews.com upgraded Edison International from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. The Goldman Sachs Group began coverage on Edison International in a research note on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 price target for the company. Royal Bank of Canada dropped their price target on Edison International from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Finally, TheStreet downgraded Edison International from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $73.60.

Edison International Stock Down 1.4 %

NYSE EIX opened at $70.16 on Friday. The stock has a 50 day moving average price of $68.98 and a 200-day moving average price of $67.70. Edison International has a one year low of $58.82 and a one year high of $74.92. The company has a market capitalization of $26.99 billion, a P/E ratio of 22.49 and a beta of 0.96. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.73 and a current ratio of 0.79.

Edison International (NYSE:EIX) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.12. Edison International had a return on equity of 12.63% and a net margin of 8.35%. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $4.19 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. As a group, equities analysts predict that Edison International will post 4.92 EPS for the current fiscal year.

Edison International Announces Dividend

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

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.