Groupama Asset Managment Cuts Stock Position in Edison International (NYSE:EIX)

Groupama Asset Managment lowered its position in Edison International (NYSE:EIX - Free Report) by 86.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,189 shares of the utilities provider's stock after selling 25,722 shares during the period. Groupama Asset Managment's holdings in Edison International were worth $334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in EIX. Crews Bank & Trust purchased a new stake in shares of Edison International in the fourth quarter valued at approximately $25,000. Sierra Ocean LLC acquired a new position in shares of Edison International during the 4th quarter worth $33,000. ST Germain D J Co. Inc. increased its holdings in shares of 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 purchasing an additional 200 shares in the last quarter. Raleigh Capital Management Inc. lifted its stake in shares of Edison International by 285.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 311 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Edison International by 171.5% in the fourth quarter. Versant Capital Management Inc now owns 448 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 283 shares during the period. Hedge funds and other institutional investors own 88.95% of the company's stock.

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Edison International Trading Down 1.2 %

Shares of EIX traded down $0.63 during mid-day trading on Tuesday, hitting $52.99. The company had a trading volume of 1,430,107 shares, compared to its average volume of 2,892,026. Edison International has a 1-year low of $49.06 and a 1-year high of $88.77. 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 business's 50-day simple moving average is $54.76 and its 200-day simple moving average is $71.24. The stock has a market cap of $20.40 billion, a PE ratio of 15.58, a P/E/G ratio of 1.07 and a beta of 0.74.

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 (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.03). The company had revenue of $17.60 billion for the quarter, compared to analysts' expectations of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Sell-side analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 6.25%. Edison International's dividend payout ratio (DPR) is 100.30%.

Analyst Ratings Changes

A number of research analysts have issued reports on EIX shares. Morgan Stanley increased their target price 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. Guggenheim downgraded Edison International from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Barclays lowered their target price on Edison International from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group decreased their price objective on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Finally, Mizuho lowered their price objective on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $76.82.

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.