Edison International (NYSE:EIX) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in Edison International (NYSE:EIX - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 873,075 shares of the utilities provider's stock after purchasing an additional 91,339 shares during the period. Robeco Institutional Asset Management B.V. owned 0.23% of Edison International worth $69,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Lake Street Advisors Group LLC lifted its position in Edison International by 4.3% in the third quarter. Lake Street Advisors Group LLC now owns 3,015 shares of the utilities provider's stock valued at $263,000 after acquiring an additional 124 shares during the last quarter. Baker Tilly Wealth Management LLC increased its position in Edison International by 2.8% during the third quarter. Baker Tilly Wealth Management LLC now owns 4,779 shares of the utilities provider's stock worth $416,000 after buying an additional 129 shares during the period. SFE Investment Counsel increased its position in Edison International by 0.3% during the third quarter. SFE Investment Counsel now owns 42,730 shares of the utilities provider's stock worth $3,721,000 after buying an additional 130 shares during the period. Assetmark Inc. lifted its stake in Edison International by 32.9% in the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider's stock valued at $55,000 after buying an additional 157 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of Edison International by 2.1% in the third quarter. Dynamic Advisor Solutions LLC now owns 7,697 shares of the utilities provider's stock valued at $670,000 after acquiring an additional 159 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Morgan Stanley reduced their price target on shares of Edison International from $74.00 to $72.00 and set an "underweight" rating for the company in a research report on Friday, November 22nd. LADENBURG THALM/SH SH upgraded Edison International from a "sell" rating to a "neutral" rating and set a $56.50 price target on the stock in a research report on Wednesday, January 15th. UBS Group decreased their price objective on Edison International from $87.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company boosted their target price on Edison International from $87.00 to $94.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Finally, Barclays decreased their price target on Edison International from $76.00 to $67.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Edison International currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.88.

Edison International Price Performance

Shares of NYSE EIX traded down $1.87 on Thursday, hitting $53.94. The company's stock had a trading volume of 7,984,503 shares, compared to its average volume of 7,120,762. The stock has a 50 day moving average of $75.46 and a 200-day moving average of $80.56. The company has a market capitalization of $20.88 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 1.20 and a beta of 0.93. Edison International has a 12-month low of $53.52 and a 12-month 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.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.13. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.01 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. Edison International's revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 earnings per share. As a group, research analysts predict that Edison International will post 4.94 EPS for the current year.

Edison International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 7th will be paid a $0.8275 dividend. This is an increase from Edison International's previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $3.31 annualized dividend and a yield of 6.14%. Edison International's payout ratio is presently 97.07%.

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.