Mizuho Securities USA LLC Acquires 11,651 Shares of Edison International (NYSE:EIX)

Mizuho Securities USA LLC grew its holdings in Edison International (NYSE:EIX - Free Report) by 46.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,693 shares of the utilities provider's stock after purchasing an additional 11,651 shares during the quarter. Mizuho Securities USA LLC's holdings in Edison International were worth $2,930,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EIX. Crews Bank & Trust bought a new stake in Edison International during the 4th quarter worth approximately $25,000. Groupama Asset Managment grew its position in Edison International by 0.8% during the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider's stock worth $26,000 after buying an additional 237 shares in the last quarter. Larson Financial Group LLC increased its holdings in Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider's stock valued at $31,000 after buying an additional 195 shares during the period. Sierra Ocean LLC bought a new stake in Edison International during the fourth quarter worth $33,000. Finally, ST Germain D J Co. Inc. grew its stake in shares of Edison International by 88.1% during the fourth quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider's stock worth $34,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Mizuho decreased their price target on Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $72.00 target price on shares of Edison International in a report on Wednesday, February 12th. Morgan Stanley lifted their price target on Edison International from $48.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, March 20th. LADENBURG THALM/SH SH upgraded shares of Edison International from a "sell" rating to a "neutral" rating and set a $56.50 price objective for the company in a report on Wednesday, January 15th. Finally, Barclays dropped their target price on shares of Edison International from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. One research 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's stock. Based on data from MarketBeat.com, Edison International has an average rating of "Moderate Buy" and a consensus price target of $76.82.

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Edison International Price Performance

EIX traded up $0.91 during trading on Friday, reaching $58.20. 4,991,929 shares of the company were exchanged, compared to its average volume of 2,837,039. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The company has a market cap of $22.41 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 1.07 and a beta of 0.87. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The company's 50-day moving average is $55.09 and its two-hundred day moving average is $72.78.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.03). The business had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Research analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date is Monday, April 7th. Edison International's payout ratio is currently 100.30%.

Edison International Company 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.