Sapient Capital LLC Invests $217,000 in Edison International (NYSE:EIX)

Sapient Capital LLC bought a new stake in Edison International (NYSE:EIX) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,005 shares of the utilities provider’s stock, valued at approximately $217,000.

Other institutional investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new stake in shares of Edison International in the fourth quarter worth $27,000. WASHINGTON TRUST Co boosted its stake in shares of Edison International by 117.4% during the 4th quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock worth $36,000 after buying an additional 270 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of Edison International by 144.4% in the 3rd quarter. Lindbrook Capital LLC now owns 672 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 397 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of Edison International in the third quarter valued at about $47,000. Finally, GAMMA Investing LLC bought a new stake in Edison International during the fourth quarter worth about $48,000. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

NYSE:EIX opened at $73.87 on Wednesday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.93 and a current ratio of 1.00. Edison International has a fifty-two week low of $58.82 and a fifty-two week high of $74.40. The company has a market cap of $28.42 billion, a price-to-earnings ratio of 32.40 and a beta of 0.95. The stock has a fifty day moving average price of $69.67 and a 200-day moving average price of $68.10.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.01. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.16 billion. Edison International had a net margin of 6.14% and a return on equity of 12.48%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. As a group, equities analysts anticipate that Edison International will post 4.92 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 4.22%. The ex-dividend date was Wednesday, March 27th. Edison International’s payout ratio is presently 136.84%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EIX. Mizuho cut their price objective on Edison International from $76.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Royal Bank of Canada decreased their target price on Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. StockNews.com raised Edison International from a “sell” rating to a “hold” rating in a report on Saturday, February 24th. The Goldman Sachs Group started coverage on shares of Edison International in a report on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 price objective on the stock. Finally, Guggenheim raised shares of Edison International from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $66.00 to $84.00 in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Edison International has an average rating of “Hold” and a consensus price target of $72.78.

About Edison International

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.