National Bank of Canada FI Increases Stake in Edison International (NYSE:EIX)

National Bank of Canada FI lifted its holdings in shares of Edison International (NYSE:EIX - Free Report) by 207.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 698,939 shares of the utilities provider's stock after buying an additional 471,968 shares during the quarter. National Bank of Canada FI owned about 0.18% of Edison International worth $55,807,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Crews Bank & Trust purchased a new stake in shares of Edison International during the fourth quarter worth $25,000. Sierra Ocean LLC purchased a new stake in Edison International during the 4th quarter worth about $33,000. Raleigh Capital Management Inc. boosted its stake in Edison International by 285.3% in the 4th quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider's stock worth $34,000 after purchasing an additional 311 shares during the period. ST Germain D J Co. Inc. grew its holdings in Edison International by 88.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider's stock valued at $34,000 after buying an additional 200 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Edison International by 171.5% during the fourth quarter. Versant Capital Management Inc now owns 448 shares of the utilities provider's stock valued at $36,000 after buying an additional 283 shares during the period. 88.95% of the stock is owned by institutional investors.

Edison International Stock Down 6.3 %

Shares of EIX traded down $3.67 on Friday, reaching $54.71. The stock had a trading volume of 4,530,622 shares, compared to its average volume of 2,889,339. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The firm has a market capitalization of $21.06 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. The company has a 50-day simple moving average of $54.84 and a 200-day simple moving average of $71.55.

Edison International (NYSE:EIX - Get Free Report) last announced its 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 the consensus estimate of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Sell-side analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be paid a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date of this dividend is Monday, April 7th. Edison International's dividend payout ratio is 100.30%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EIX shares. Mizuho reduced their price objective on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Morgan Stanley upped their price target on shares of Edison International from $48.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, March 20th. UBS Group raised Edison International from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. The Goldman Sachs Group reduced their target price on Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Finally, Guggenheim cut Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. 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. Based on data from MarketBeat.com, Edison International presently has a consensus rating of "Moderate Buy" and an average target price of $76.82.

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.