Edison International (NYSE:EIX) Holdings Lifted by PGGM Investments

PGGM Investments lifted its holdings in shares of Edison International (NYSE:EIX - Free Report) by 62.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,763 shares of the utilities provider's stock after acquiring an additional 9,942 shares during the quarter. PGGM Investments' holdings in Edison International were worth $2,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in EIX. Crews Bank & Trust acquired a new position in shares of Edison International during the 4th quarter valued at $25,000. Groupama Asset Managment lifted its holdings in shares of Edison International by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 237 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 195 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Edison International during the 3rd quarter valued at $32,000. Finally, Sierra Ocean LLC acquired a new position in Edison International in the 4th quarter worth $33,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Stock Performance

Shares of NYSE:EIX traded up $1.18 during trading on Friday, reaching $57.01. 3,615,120 shares of the company's stock traded hands, compared to its average volume of 6,009,011. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The company has a 50 day moving average of $56.56 and a 200-day moving average of $74.48. The stock has a market capitalization of $21.95 billion, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87.

Remove Ads

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.52% and a return on equity of 13.17%. The business had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $3.92 billion. On average, equities 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. Investors 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 dividend yield of 5.81%. The ex-dividend date is Monday, April 7th. Edison International's dividend payout ratio is presently 100.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EIX shares. Guggenheim lowered shares of Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. UBS Group upgraded shares of Edison International from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $72.00 price objective on shares of Edison International in a report on Wednesday, February 12th. Wells Fargo & Company cut their price objective on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Finally, LADENBURG THALM/SH SH upgraded shares of Edison International from a "sell" rating to a "neutral" rating and set a $56.50 price objective on the stock in a report on Wednesday, January 15th. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $76.54.

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.