Swedbank AB Has $41.79 Million Holdings in Edison International (NYSE:EIX)

Swedbank AB boosted its position in Edison International (NYSE:EIX - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 523,433 shares of the utilities provider's stock after buying an additional 16,614 shares during the quarter. Swedbank AB owned approximately 0.14% of Edison International worth $41,791,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in Edison International by 11.1% in the second quarter. The Manufacturers Life Insurance Company now owns 230,755 shares of the utilities provider's stock worth $16,571,000 after acquiring an additional 23,135 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Edison International by 8.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,126 shares of the utilities provider's stock worth $727,000 after buying an additional 816 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in Edison International by 9.5% in the second quarter. EP Wealth Advisors LLC now owns 10,851 shares of the utilities provider's stock valued at $779,000 after buying an additional 937 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Edison International by 0.5% during the second quarter. Cetera Investment Advisers now owns 105,345 shares of the utilities provider's stock valued at $7,565,000 after acquiring an additional 540 shares during the period. Finally, RiverFront Investment Group LLC grew its position in shares of Edison International by 24.3% during the second quarter. RiverFront Investment Group LLC now owns 5,786 shares of the utilities provider's stock worth $415,000 after acquiring an additional 1,133 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Trading Down 2.4 %

NYSE EIX traded down $1.34 on Thursday, hitting $54.46. 2,547,140 shares of the company were exchanged, compared to its average volume of 6,825,553. Edison International has a twelve month low of $54.55 and a twelve month high of $88.77. The company's 50 day moving average price is $75.46 and its 200-day moving average price is $80.56. The firm has a market capitalization of $21.09 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 1.20 and a beta of 0.93. 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 posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.13. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the business posted $1.38 EPS. The company's revenue was up 10.6% on a year-over-year basis. Analysts predict that Edison International will post 4.94 earnings per share for the current fiscal year.

Edison International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th will be issued a dividend of $0.8275 per share. This is an increase from Edison International's previous quarterly dividend of $0.78. The ex-dividend date is Tuesday, January 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.08%. Edison International's payout ratio is currently 97.07%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays decreased their target price on shares of Edison International from $76.00 to $67.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Morgan Stanley cut their target price on Edison International from $74.00 to $72.00 and set an "underweight" rating on the stock in a research note on Friday, November 22nd. Jefferies Financial Group assumed coverage on Edison International in a research note on Thursday, November 7th. They issued a "buy" rating and a $93.00 price target for the company. Wells Fargo & Company upped their price objective on shares of Edison International from $87.00 to $94.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Finally, Guggenheim cut shares of Edison International from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Edison International presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.88.

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.