Edison International (NYSE:EIX) Holdings Raised by Bank of Nova Scotia

Bank of Nova Scotia lifted its stake in shares of Edison International (NYSE:EIX - Free Report) by 390.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 242,233 shares of the utilities provider's stock after buying an additional 192,882 shares during the quarter. Bank of Nova Scotia owned 0.06% of Edison International worth $19,340,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jamison Private Wealth Management Inc. raised its stake in shares of Edison International by 2.6% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider's stock valued at $550,000 after purchasing an additional 174 shares during the period. Bleakley Financial Group LLC increased its stake in Edison International by 2.9% during the 4th quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider's stock worth $503,000 after buying an additional 176 shares during the period. Old Port Advisors lifted its holdings in Edison International by 0.9% in the 4th quarter. Old Port Advisors now owns 19,292 shares of the utilities provider's stock worth $1,540,000 after buying an additional 180 shares in the last quarter. Centre Asset Management LLC lifted its holdings in Edison International by 8.1% in the 4th quarter. Centre Asset Management LLC now owns 2,656 shares of the utilities provider's stock worth $212,000 after buying an additional 199 shares in the last quarter. Finally, ST Germain D J Co. Inc. boosted its position in Edison International by 88.1% in the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider's stock valued at $34,000 after buying an additional 200 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research firms recently commented on EIX. UBS Group upgraded Edison International from a "neutral" rating to a "buy" rating and cut their price target for the stock from $69.00 to $65.00 in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $72.00 target price on shares of Edison International in a research report on Wednesday, February 12th. LADENBURG THALM/SH SH raised shares of Edison International from a "sell" rating to a "neutral" rating and set a $56.50 price target for the company in a research report on Wednesday, January 15th. Barclays cut their price target on shares of Edison International from $65.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their target price on Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.75.

Edison International Stock Performance

Shares of NYSE:EIX traded down $0.15 on Tuesday, hitting $57.07. The company's stock had a trading volume of 449,456 shares, compared to its average volume of 5,375,109. The company has a market capitalization of $21.97 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. The stock's 50-day moving average is $54.95 and its two-hundred day moving average is $69.83. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.03). Edison International had a return on equity of 13.17% and a net margin of 8.52%. The company had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. On average, equities research analysts forecast that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be issued a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.80%. Edison International's dividend payout ratio (DPR) 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.