denkapparat Operations GmbH Invests $452,000 in Edison International (NYSE:EIX)

denkapparat Operations GmbH bought a new position in shares of Edison International (NYSE:EIX) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 5,660 shares of the utilities provider’s stock, valued at approximately $452,000.

Other institutional investors have also bought and sold shares of the company. Swedbank AB increased its position in Edison International by 3.3% in the 4th quarter. Swedbank AB now owns 523,433 shares of the utilities provider’s stock valued at $41,791,000 after acquiring an additional 16,614 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of Edison International in the 4th quarter valued at about $235,000. KBC Group NV grew its position in shares of Edison International by 23.7% during the 4th quarter. KBC Group NV now owns 61,342 shares of the utilities provider’s stock worth $4,898,000 after buying an additional 11,764 shares during the period. abrdn plc lifted its stake 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 valued at $134,335,000 after purchasing an additional 276,656 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Edison International by 3.3% during the fourth 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. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Trading Down 0.8 %

NYSE EIX opened at $57.33 on Friday. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The company has a market cap of $22.07 billion, a PE ratio of 16.81, a PEG ratio of 1.07 and a beta of 0.87. The stock has a 50 day moving average of $55.09 and a 200-day moving average of $72.78. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.03). The company had revenue of $17.60 billion for the quarter, compared to analyst estimates of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. On average, equities research analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be issued a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 annualized dividend and a yield of 5.77%. Edison International’s dividend payout ratio is presently 100.30%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. restated a “neutral” rating and set a $72.00 target price on shares of Edison International in a research report on Wednesday, February 12th. The Goldman Sachs Group reduced their price target on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a research report on Wednesday, January 15th. 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 note on Friday, February 28th. Finally, Barclays lowered their price target on Edison International from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.