5,660 Shares in Edison International (NYSE:EIX) Purchased by denkapparat Operations GmbH

denkapparat Operations GmbH acquired a new stake in Edison International (NYSE:EIX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,660 shares of the utilities provider’s stock, valued at approximately $452,000.

A number of other large investors also recently bought and sold shares of EIX. Norges Bank purchased a new stake in Edison International in the fourth quarter valued at approximately $323,443,000. Vanguard Group Inc. grew its stake in shares of Edison International by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider’s stock valued at $3,879,408,000 after buying an additional 1,559,501 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Edison International in the 4th quarter valued at $39,344,000. AustralianSuper Pty Ltd acquired a new position in Edison International during the 4th quarter worth about $31,877,000. Finally, Victory Capital Management Inc. boosted its holdings in Edison International by 74.6% during the 4th quarter. Victory Capital Management Inc. now owns 906,545 shares of the utilities provider’s stock valued at $72,379,000 after acquiring an additional 387,215 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

EIX has been the subject of several recent research reports. The Goldman Sachs Group lowered their price objective on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. UBS Group upgraded shares of 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. Barclays reduced their price objective on Edison International from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Wells Fargo & Company decreased their target price on Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Finally, Mizuho cut their price target on 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 given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $76.82.

Edison International Stock Down 0.8 %

EIX opened at $57.33 on Friday. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The business has a 50-day moving average of $55.09 and a two-hundred day moving average of $72.78. The stock has a market capitalization of $22.07 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). Edison International had a return on equity of 13.17% and a net margin of 8.52%. The company had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $3.92 billion. On average, research analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

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.