Edison International (NYSE:EIX) Shares Sold by Banco Santander S.A.

Banco Santander S.A. reduced its position in Edison International (NYSE:EIX) by 18.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,235 shares of the utilities provider’s stock after selling 43,347 shares during the quarter. Banco Santander S.A.’s holdings in Edison International were worth $15,268,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Crews Bank & Trust acquired a new position in Edison International in the 4th quarter valued at about $25,000. Groupama Asset Managment grew its position in shares of Edison International by 0.8% during the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after buying an additional 237 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Edison International by 125.0% during the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after buying an additional 195 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Edison International during the third quarter worth about $32,000. Finally, Sierra Ocean LLC acquired a new position in shares of Edison International during the fourth quarter worth about $33,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Price Performance

Shares of NYSE EIX opened at $56.46 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 twelve month low of $49.06 and a twelve month high of $88.77. The stock has a 50 day moving average of $58.91 and a two-hundred day moving average of $75.53. The stock has a market cap of $21.74 billion, a P/E ratio of 16.56, a P/E/G ratio of 1.07 and a beta of 0.87.

Edison International (NYSE:EIX) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.92 billion. On average, research analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 5.86%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio is presently 100.30%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EIX shares. The Goldman Sachs Group lowered their price objective on Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a research report on Tuesday. LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a research report on Wednesday, January 15th. Morgan Stanley lowered their price objective on Edison International from $71.00 to $48.00 and set an “underweight” rating for the company in a research report on Friday, February 14th. Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, Mizuho lowered 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Edison International currently has a consensus rating of “Moderate Buy” and an average target price of $76.54.

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.