Rockefeller Capital Management L.P. Has $14.24 Million Stock Position in Edison International (NYSE:EIX)

Rockefeller Capital Management L.P. grew its holdings in shares of Edison International (NYSE:EIX - Free Report) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,316 shares of the utilities provider's stock after purchasing an additional 4,686 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Edison International were worth $14,235,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of EIX. Crews Bank & Trust bought a new stake in Edison International during the fourth quarter valued at $25,000. Sierra Ocean LLC purchased a new position in shares of Edison International in the fourth quarter worth $33,000. ST Germain D J Co. Inc. raised its position 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 purchasing an additional 200 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings 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 in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Edison International by 171.5% in the fourth quarter. Versant Capital Management Inc now owns 448 shares of the utilities provider's stock worth $36,000 after buying an additional 283 shares during the period. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EIX shares. Mizuho decreased their target price on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. reissued a "neutral" rating and set a $72.00 price objective on shares of Edison International in a research report on Wednesday, February 12th. UBS Group raised shares of Edison International from a "neutral" rating to a "buy" rating and lowered their price target for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Morgan Stanley increased their target price on Edison International from $48.00 to $52.00 and gave the stock an "underweight" rating in a research report on Thursday, March 20th. Finally, Wells Fargo & Company lowered their target price on Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Edison International has a consensus rating of "Moderate Buy" and an average price target of $76.75.

Edison International Price Performance

Shares of EIX stock traded up $1.04 during mid-day trading on Friday, hitting $57.37. 2,010,297 shares of the stock traded hands, compared to its average volume of 2,941,222. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The company's 50-day simple moving average is $55.47 and its 200-day simple moving average is $69.23. The firm has a market cap of $22.09 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74.

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 the consensus estimate of $1.08 by ($0.03). The firm had revenue of $17.60 billion during 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%. As a group, equities research analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be issued a dividend of $0.8275 per share. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.77%. Edison International's dividend payout ratio is currently 100.30%.

Edison International Company 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.