Edison International (NYSE:EIX) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd boosted its stake in Edison International (NYSE:EIX - Free Report) by 148.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,317 shares of the utilities provider's stock after purchasing an additional 19,294 shares during the quarter. Vinva Investment Management Ltd's holdings in Edison International were worth $2,575,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Swedbank AB increased its holdings in shares of Edison International by 3.3% during the 4th quarter. Swedbank AB now owns 523,433 shares of the utilities provider's stock worth $41,791,000 after buying an additional 16,614 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in Edison International during the fourth quarter valued at about $235,000. KBC Group NV increased its stake in Edison International by 23.7% during the fourth quarter. KBC Group NV now owns 61,342 shares of the utilities provider's stock worth $4,898,000 after acquiring an additional 11,764 shares during the last quarter. abrdn plc raised its holdings in shares of Edison International by 19.5% in the 4th quarter. abrdn plc now owns 1,695,182 shares of the utilities provider's stock worth $134,335,000 after purchasing an additional 276,656 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Edison International by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,416,770 shares of the utilities provider's stock worth $192,955,000 after purchasing an additional 76,654 shares during the period. Hedge funds and other institutional investors own 88.95% of the company's stock.

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Edison International Stock Up 0.7 %

Shares of NYSE:EIX traded up $0.42 during midday trading on Monday, reaching $58.59. The company had a trading volume of 2,731,930 shares, compared to its average volume of 2,664,885. The stock has a market capitalization of $22.56 billion, a P/E ratio of 17.18, a PEG ratio of 1.07 and a beta of 0.87. The stock's fifty day moving average price is $55.24 and its 200-day moving average price is $73.41. 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 has a one year low of $49.06 and a one year high of $88.77.

Edison International (NYSE:EIX - Get Free Report) last released its earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share 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 company had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $3.92 billion. Equities research analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend is Monday, April 7th. Edison International's dividend payout ratio is presently 100.30%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EIX shares. Mizuho dropped their target price on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $72.00 target price on shares of Edison International in a research note on Wednesday, February 12th. UBS Group raised shares of Edison International from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. LADENBURG THALM/SH SH raised Edison International from a "sell" rating to a "neutral" rating and set a $56.50 price objective on the stock in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company decreased 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Edison International presently has an average rating of "Moderate Buy" and a consensus price target of $76.82.

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.