Seeyond Has $2.53 Million Stake in Edison International (NYSE:EIX)

Seeyond raised its position in Edison International (NYSE:EIX) by 19.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 43,811 shares of the utilities provider’s stock after purchasing an additional 7,233 shares during the period. Seeyond’s holdings in Edison International were worth $2,533,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in shares of Edison International by 33.6% during the 1st quarter. Franklin Resources Inc. now owns 17,120,907 shares of the utilities provider’s stock valued at $1,003,287,000 after acquiring an additional 4,305,411 shares during the period. BlackRock Inc. lifted its position in shares of Edison International by 4.0% during the 2nd quarter. BlackRock Inc. now owns 38,902,545 shares of the utilities provider’s stock valued at $2,249,345,000 after acquiring an additional 1,489,624 shares during the period. Deutsche Bank AG lifted its position in shares of Edison International by 22.9% during the 2nd quarter. Deutsche Bank AG now owns 7,923,588 shares of the utilities provider’s stock valued at $458,142,000 after acquiring an additional 1,477,850 shares during the period. Pzena Investment Management LLC lifted its position in shares of Edison International by 10.7% during the 2nd quarter. Pzena Investment Management LLC now owns 14,712,945 shares of the utilities provider’s stock valued at $850,702,000 after acquiring an additional 1,425,859 shares during the period. Finally, Barclays PLC increased its stake in Edison International by 249.1% during the 1st quarter. Barclays PLC now owns 1,437,810 shares of the utilities provider’s stock valued at $84,257,000 after purchasing an additional 1,025,994 shares in the last quarter. Hedge funds and other institutional investors own 86.85% of the company’s stock.

A number of analysts have commented on EIX shares. Bank of America lowered shares of Edison International from a “buy” rating to a “neutral” rating and set a $59.00 price target for the company. in a research note on Tuesday, July 13th. TheStreet upgraded shares of Edison International from a “c” rating to a “b-” rating in a research note on Thursday, July 29th. Wells Fargo & Company decreased their price target on shares of Edison International from $72.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, September 17th. Finally, Morgan Stanley reduced their target price on shares of Edison International from $60.00 to $59.00 and set an “equal weight” rating for the company in a research note on Friday, September 17th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $65.57.

NYSE EIX traded down $0.01 during trading on Thursday, hitting $56.41. 4,048 shares of the company’s stock traded hands, compared to its average volume of 1,926,995. The stock has a market capitalization of $21.42 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 3.81 and a beta of 0.59. Edison International has a 12-month low of $53.92 and a 12-month high of $66.68. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.63. The business has a 50 day moving average of $57.47 and a 200-day moving average of $57.69.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, July 29th. The utilities provider reported $0.94 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.05). The business had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Edison International had a net margin of 6.83% and a return on equity of 11.69%. During the same period last year, the company earned $1.00 earnings per share. On average, analysts expect that Edison International will post 4.48 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 31st. Stockholders of record on Thursday, September 30th will be issued a $0.6625 dividend. This represents a $2.65 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date is Wednesday, September 29th. Edison International’s payout ratio is 58.63%.

Edison International Profile

Edison International is a renewable energy company, which through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies. The company was founded on July 4, 1886 and is headquartered in Rosemead, CA.

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Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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