Edison International (NYSE:EIX) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of Edison International (NYSE:EIX) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,198,500 shares of the utilities provider’s stock after selling 33,400 shares during the quarter. Swiss National Bank’s holdings in Edison International were worth $85,681,000 as of its most recent filing with the Securities and Exchange Commission.

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

Edison International Stock Up 0.5 %

Shares of NYSE EIX opened at $72.34 on Friday. The stock has a market cap of $27.83 billion, a P/E ratio of 31.73 and a beta of 0.95. The business’s fifty day simple moving average is $69.41 and its 200-day simple moving average is $67.93. Edison International has a 12-month low of $58.82 and a 12-month high of $74.40. The company has a current ratio of 1.00, a quick ratio of 0.73 and a debt-to-equity ratio of 2.04.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.01. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.16 billion. Edison International had a return on equity of 12.48% and a net margin of 6.14%. Edison International’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 EPS. As a group, equities analysts predict that Edison International will post 4.92 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were paid a $0.78 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $3.12 dividend on an annualized basis and a yield of 4.31%. Edison International’s dividend payout ratio is currently 136.84%.

Analyst Upgrades and Downgrades

EIX has been the topic of several research analyst reports. Barclays boosted their price objective on shares of Edison International from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday. Mizuho decreased their price objective on shares of Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. The Goldman Sachs Group initiated coverage on shares of Edison International in a report on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 target price for the company. TheStreet cut Edison International from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Finally, Royal Bank of Canada dropped their price objective on Edison International from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $72.78.

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.