PGGM Investments Purchases 9,942 Shares of Edison International (NYSE:EIX)

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Crews Bank & Trust purchased a new stake in shares of Edison International in the 4th quarter worth about $25,000. Groupama Asset Managment boosted its position in shares of Edison International by 0.8% in the 3rd 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 boosted its position in shares of Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider's stock worth $31,000 after buying an additional 195 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in Edison International in the 3rd quarter valued at about $32,000. Finally, Sierra Ocean LLC purchased a new position in Edison International in the 4th quarter valued at about $33,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Stock Performance

Shares of EIX traded up $1.18 during trading hours 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 firm has a market capitalization of $21.95 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 1.07 and a beta of 0.87. 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 twelve month low of $49.06 and a twelve month high of $88.77. The business's fifty day simple moving average is $56.56 and its two-hundred day simple moving average is $74.55.

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

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend is Monday, April 7th. Edison International's payout ratio is currently 100.30%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EIX. Morgan Stanley reduced their target price on shares of Edison International from $71.00 to $48.00 and set an "underweight" rating on the stock in a report on Friday, February 14th. Guggenheim cut Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. restated a "neutral" rating and issued a $72.00 price target on shares of Edison International in a report on Wednesday, February 12th. UBS Group upgraded Edison International from a "neutral" rating to a "buy" rating and reduced their target price for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group reduced their price objective on Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $76.54.

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.