NEW YORK (TheStreet) -- Shares of Edison International  (EIX) - Get Report  were unchanged in after-hours trading Tuesday after the public utility holding company's fourth-quarter earnings report.

Edison International reported adjusted earnings of $355 million, or $1.08 a share, up from $264 million, or 81 cents a share, in the same period one year earlier. Operating revenue totaled $3.114 billion. The consensus estimate called for Edison International to report earnings of 83 cents a share on revenue of $2.8 billion.

"Edison International delivered strong financial results in 2014," said Chairman and CEO Ted Craver in a statement. "Southern California Edison's continued electric grid investments and good cost management are key factors in this performance. Our stock performed well as we resolved key uncertainties and took an important first step to return the dividend to our target payout ratio of 45-55% of SCE's earnings.

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"Looking ahead, we see sustained high levels of SCE investment to help meet California's public policy objectives and assure grid reliability for our customers," he continued.

Edison announced it would not provide 2015 guidance until after the California Public Utilities Commission issues a final decision on the Southern California Edison 2015 General Rate Case.

In the third quarter 2014, Edison International reported earnings of $1.52 a share, which beat the expectations of $1.33 a share from analysts polled by Thomson Reuters. Revenue totaled $4.356 billion, which surpassed the consensus estimate of $3.931 billion.

Separately, TheStreet Ratings team rates EDISON INTERNATIONAL as a "buy" with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate EDISON INTERNATIONAL (EIX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins."

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