Edison International (NYSE:EIX) Position Trimmed by Swiss National Bank

Swiss National Bank reduced its position in shares of Edison International (NYSE:EIX - Free Report) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,090,900 shares of the utilities provider's stock after selling 51,000 shares during the period. Swiss National Bank owned 0.28% of Edison International worth $87,097,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of EIX. Crews Bank & Trust purchased a new position in shares of Edison International during the 4th quarter worth about $25,000. Groupama Asset Managment lifted its holdings in shares of Edison International by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider's stock worth $26,000 after acquiring an additional 237 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider's stock worth $31,000 after acquiring an additional 195 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Edison International during the 3rd quarter worth about $32,000. Finally, Sierra Ocean LLC purchased a new position in shares of Edison International during the 4th quarter worth about $33,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wells Fargo & Company cut their price target on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Mizuho cut their price target on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Guggenheim lowered shares of Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. The Goldman Sachs Group cut their price target on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Finally, Morgan Stanley cut their price target on shares of Edison International from $71.00 to $48.00 and set an "underweight" rating on the stock in a report on Friday, February 14th. One equities research 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.54.

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Edison International Stock Up 2.1 %

Shares of EIX stock traded up $1.18 during mid-day trading on Friday, reaching $57.01. 3,615,120 shares of the company were exchanged, compared to its average volume of 6,009,011. Edison International has a fifty-two week low of $49.06 and a fifty-two week 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 has a market capitalization of $21.95 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.07 and a beta of 0.87. The business's 50 day simple moving average is $56.56 and its 200 day simple moving average is $74.48.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.03). Edison International had a return on equity of 13.17% and a net margin of 8.52%. The company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $3.92 billion. Research analysts predict 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. Shareholders of record on Monday, April 7th will be given a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 5.81%. The ex-dividend date of this dividend is Monday, April 7th. Edison International's dividend payout ratio (DPR) is presently 100.30%.

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.