Edison International (NYSE:EIX) Holdings Lifted by National Bank of Canada FI

National Bank of Canada FI boosted its holdings in Edison International (NYSE:EIX) by 207.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 698,939 shares of the utilities provider’s stock after purchasing an additional 471,968 shares during the quarter. National Bank of Canada FI’s holdings in Edison International were worth $55,807,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Edison International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider’s stock worth $3,879,408,000 after purchasing an additional 1,559,501 shares in the last quarter. State Street Corp grew its position in Edison International by 0.7% in the third quarter. State Street Corp now owns 32,549,936 shares of the utilities provider’s stock worth $2,834,774,000 after buying an additional 224,337 shares during the last quarter. Geode Capital Management LLC grew its position in Edison International by 2.2% in the third quarter. Geode Capital Management LLC now owns 9,620,520 shares of the utilities provider’s stock worth $835,142,000 after buying an additional 210,461 shares during the last quarter. Norges Bank bought a new position in shares of Edison International in the fourth quarter valued at $323,443,000. Finally, American Century Companies Inc. lifted its position in shares of Edison International by 2.1% during the 4th quarter. American Century Companies Inc. now owns 3,284,870 shares of the utilities provider’s stock valued at $262,264,000 after acquiring an additional 69,074 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Price Performance

Shares of EIX opened at $58.76 on Wednesday. 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 firm has a market cap of $22.62 billion, a PE ratio of 17.23, a PEG ratio of 1.07 and a beta of 0.87. The firm’s 50 day moving average price is $54.86 and its 200 day moving average price is $72.05. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77.

Edison International (NYSE:EIX) 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). The business had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. As a group, research analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business 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. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.63%. Edison International’s dividend payout ratio is currently 100.30%.

Wall Street Analysts Forecast Growth

EIX has been the topic of a number of recent analyst reports. Guggenheim lowered Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. UBS Group raised Edison International from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $69.00 to $65.00 in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $72.00 price objective on shares of Edison International in a research note on Wednesday, February 12th. 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. Finally, Morgan Stanley raised their price objective on shares of Edison International from $48.00 to $52.00 and gave the stock an “underweight” rating in a research note on Thursday, March 20th. One 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $76.82.

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.