PGGM Investments Purchases 1,105 Shares of Edison International (NYSE:EIX)

PGGM Investments raised its position in shares of Edison International (NYSE:EIX) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,481 shares of the utilities provider’s stock after buying an additional 1,105 shares during the quarter. PGGM Investments’ holdings in Edison International were worth $1,107,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ausbil Investment Management Ltd boosted its stake in Edison International by 54.7% in the fourth quarter. Ausbil Investment Management Ltd now owns 135,099 shares of the utilities provider’s stock valued at $9,658,000 after acquiring an additional 47,784 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Edison International in the 4th quarter worth $11,734,000. California Public Employees Retirement System grew its stake in Edison International by 62.1% during the 4th quarter. California Public Employees Retirement System now owns 1,514,003 shares of the utilities provider’s stock worth $108,236,000 after buying an additional 580,117 shares during the last quarter. Metis Global Partners LLC increased its position in Edison International by 1.5% during the 3rd quarter. Metis Global Partners LLC now owns 56,588 shares of the utilities provider’s stock valued at $3,581,000 after buying an additional 834 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in Edison International by 1.3% in the fourth quarter. Mackenzie Financial Corp now owns 422,747 shares of the utilities provider’s stock valued at $30,222,000 after buying an additional 5,220 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Trading Up 1.7 %

Shares of Edison International stock opened at $71.33 on Tuesday. The stock has a market cap of $27.44 billion, a PE ratio of 22.86 and a beta of 0.96. The firm has a fifty day moving average price of $69.08 and a 200 day moving average price of $67.80. Edison International has a 1 year low of $58.82 and a 1 year high of $74.92. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.79 and a quick ratio of 0.73.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.12. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $4.19 billion. Edison International had a return on equity of 12.63% and a net margin of 8.35%. During the same period last year, the firm earned $1.14 EPS. Equities research analysts predict that Edison International will post 4.92 earnings per share for the current year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Wednesday, March 27th. Edison International’s payout ratio is presently 100.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EIX. TheStreet lowered Edison International from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. StockNews.com raised shares of Edison International from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th. Mizuho cut their price target on shares of Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. The Goldman Sachs Group initiated coverage on shares of Edison International in a research note on Wednesday, April 10th. They set a “neutral” rating and a $78.00 price objective for the company. Finally, Barclays upped their target price on Edison International from $69.00 to $70.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $73.60.

Edison International 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.