630 Shares in Edison International (NYSE:EIX) Purchased by Mizuho Bank Ltd.

Mizuho Bank Ltd. acquired a new stake in shares of Edison International (NYSE:EIX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 630 shares of the utilities provider’s stock, valued at approximately $50,000.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in Edison International during the fourth quarter worth $323,443,000. Vanguard Group Inc. grew its holdings in shares of Edison International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider’s stock worth $3,879,408,000 after purchasing an additional 1,559,501 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Edison International during the 4th quarter worth about $39,344,000. National Bank of Canada FI lifted its holdings in Edison International by 207.9% during the 4th quarter. National Bank of Canada FI now owns 698,939 shares of the utilities provider’s stock valued at $55,807,000 after purchasing an additional 471,968 shares during the last quarter. Finally, AustralianSuper Pty Ltd acquired a new position in Edison International in the fourth quarter valued at about $31,877,000. 88.95% of the stock is currently owned by institutional investors.

Edison International Stock Performance

Shares of NYSE:EIX opened at $54.71 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. Edison International has a 1-year low of $49.06 and a 1-year high of $88.77. The stock has a market capitalization of $21.06 billion, a P/E ratio of 16.04, a P/E/G ratio of 1.07 and a beta of 0.87. The business has a 50-day moving average price of $54.84 and a two-hundred day moving average price of $71.65.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share 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 business had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $3.92 billion. Equities analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be paid a dividend of $0.8275 per share. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.05%. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, February 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $72.00 price target on shares of Edison International in a report on Wednesday, February 12th. Mizuho cut their price objective on Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Guggenheim cut Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target for the company in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.82.

Edison International Company 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.