Edison International (NYSE:EIX) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in Edison International (NYSE:EIX - Free Report) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,391,338 shares of the utilities provider's stock after buying an additional 169,112 shares during the quarter. Hsbc Holdings PLC owned 0.62% of Edison International worth $190,839,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EIX. Norges Bank acquired a new stake in shares of Edison International in the 4th quarter valued at about $323,443,000. Canada Pension Plan Investment Board boosted its stake in Edison International by 364.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 3,369,535 shares of the utilities provider's stock valued at $269,024,000 after purchasing an additional 2,643,571 shares during the period. Vanguard Group Inc. raised its stake in Edison International by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider's stock valued at $3,879,408,000 after acquiring an additional 1,559,501 shares in the last quarter. Invesco Ltd. lifted its holdings in Edison International by 38.2% in the fourth quarter. Invesco Ltd. now owns 4,816,638 shares of the utilities provider's stock worth $384,560,000 after purchasing an additional 1,331,941 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Edison International by 112.0% in the fourth quarter. Barclays PLC now owns 1,947,047 shares of the utilities provider's stock valued at $155,453,000 after acquiring an additional 1,028,558 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Stock Performance

Shares of NYSE EIX opened at $57.81 on Wednesday. Edison International has a one year low of $49.06 and a one year high of $88.77. The firm has a market capitalization of $22.26 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.07 and a beta of 0.74. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The business has a fifty day simple moving average of $55.66 and a 200 day simple moving average of $68.70.

Edison International (NYSE:EIX - Get Free Report) last issued its earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (EPS) 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. Sell-side analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be given a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 annualized dividend and a yield of 5.73%. Edison International's payout ratio is 100.30%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EIX. Wells Fargo & Company reduced their price objective on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Barclays dropped their price target on Edison International from $65.00 to $64.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. UBS Group upgraded shares of Edison International from a "neutral" rating to a "buy" rating and lowered their price target for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Morgan Stanley raised their price target on shares of Edison International from $48.00 to $52.00 and gave the company an "underweight" rating in a report on Thursday, March 20th. Finally, Guggenheim downgraded Edison International from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Edison International presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.75.

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.

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