Edison International (NYSE:EIX) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its stake in Edison International (NYSE:EIX - Free Report) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,923 shares of the utilities provider's stock after purchasing an additional 10,912 shares during the period. Natixis Advisors LLC's holdings in Edison International were worth $12,928,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EIX. OneDigital Investment Advisors LLC increased its stake in Edison International by 7.3% in the third quarter. OneDigital Investment Advisors LLC now owns 3,884 shares of the utilities provider's stock valued at $338,000 after purchasing an additional 263 shares during the last quarter. Empowered Funds LLC grew its position in shares of Edison International by 9.1% during the third quarter. Empowered Funds LLC now owns 6,392 shares of the utilities provider's stock worth $557,000 after acquiring an additional 532 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Edison International by 15.4% during the third quarter. Thrivent Financial for Lutherans now owns 23,095 shares of the utilities provider's stock worth $2,011,000 after acquiring an additional 3,078 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Edison International by 51.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 7,494 shares of the utilities provider's stock worth $653,000 after acquiring an additional 2,554 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Edison International during the third quarter worth approximately $1,387,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

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Edison International Price Performance

Shares of NYSE EIX traded down $0.60 during trading on Friday, hitting $58.32. 11,828,288 shares of the company were exchanged, compared to its average volume of 2,664,616. Edison International has a 1 year low of $49.06 and a 1 year high of $88.77. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The firm's fifty day moving average price is $55.24 and its 200 day moving average price is $73.51. The company has a market cap of $22.45 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.07 and a beta of 0.87.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.03). Edison International had a return on equity of 13.17% and a net margin of 8.52%. The business had revenue of $17.60 billion during the quarter, compared to analysts' expectations of $3.92 billion. On average, sell-side analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

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 $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.68%. Edison International's dividend payout ratio is presently 100.30%.

Analyst Ratings Changes

Several brokerages recently weighed in on EIX. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $72.00 price target on shares of Edison International in a report on Wednesday, February 12th. The Goldman Sachs Group decreased their price target on Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Wells Fargo & Company decreased their price target on Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Mizuho decreased their price target on Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Finally, Morgan Stanley increased their price target on Edison International from $48.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently 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.