489 Shares in Edison International (NYSE:EIX) Acquired by OFI Invest Asset Management

OFI Invest Asset Management acquired a new position in shares of Edison International (NYSE:EIX) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 489 shares of the utilities provider’s stock, valued at approximately $38,000.

Several other large investors have also recently modified their holdings of the company. Amundi raised its stake in shares of Edison International by 0.3% during the 4th quarter. Amundi now owns 3,118,404 shares of the utilities provider’s stock worth $248,973,000 after acquiring an additional 10,396 shares in the last quarter. AMF Tjanstepension AB grew its position in Edison International by 4.4% during the 4th quarter. AMF Tjanstepension AB now owns 283,193 shares of the utilities provider’s stock worth $22,639,000 after purchasing an additional 11,828 shares during the last quarter. Andra AP fonden grew its position in Edison International by 21.7% during the 4th quarter. Andra AP fonden now owns 267,600 shares of the utilities provider’s stock worth $21,365,000 after purchasing an additional 47,800 shares during the last quarter. Edgestream Partners L.P. grew its position in Edison International by 163.4% during the 4th quarter. Edgestream Partners L.P. now owns 100,410 shares of the utilities provider’s stock worth $8,017,000 after purchasing an additional 62,296 shares during the last quarter. Finally, Candriam S.C.A. grew its position in Edison International by 4.5% during the 4th quarter. Candriam S.C.A. now owns 52,483 shares of the utilities provider’s stock worth $4,190,000 after purchasing an additional 2,283 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

EIX opened at $57.03 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The firm has a fifty day moving average price of $58.46 and a 200 day moving average price of $75.22. Edison International has a 1 year low of $49.06 and a 1 year high of $88.77. The stock has a market cap of $21.96 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.07 and a beta of 0.87.

Edison International (NYSE:EIX) last posted its earnings results 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). Edison International had a net margin of 8.52% and a return on equity of 13.17%. The firm had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. Equities research analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 5.80%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio is currently 100.30%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EIX. Wells Fargo & Company dropped their target price on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Barclays dropped their target price on shares of Edison International from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Morgan Stanley dropped their target price on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a research report on Friday, February 14th. The Goldman Sachs Group dropped their target price 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. Finally, Mizuho dropped their price objective 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $76.54.

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.