Axa S.A. Has $11.11 Million Holdings in Edison International (NYSE:EIX)

Axa S.A. lessened its holdings in shares of Edison International (NYSE:EIX - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,116 shares of the utilities provider's stock after selling 32,103 shares during the quarter. Axa S.A.'s holdings in Edison International were worth $11,107,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Edison International by 3.3% in the 4th 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 during the period. Geode Capital Management LLC grew its holdings in shares of Edison International by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 9,983,519 shares of the utilities provider's stock valued at $795,123,000 after acquiring an additional 362,999 shares in the last quarter. Northern Trust Corp increased its stake in shares of Edison International by 53.9% in the fourth quarter. Northern Trust Corp now owns 5,757,034 shares of the utilities provider's stock worth $459,642,000 after acquiring an additional 2,016,017 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Edison International by 1.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,133,574 shares of the utilities provider's stock worth $409,865,000 after acquiring an additional 50,451 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Edison International by 38.2% during the fourth quarter. Invesco Ltd. now owns 4,816,638 shares of the utilities provider's stock valued at $384,560,000 after purchasing an additional 1,331,941 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Trading Up 0.2 %

Shares of EIX opened at $54.98 on Tuesday. The stock has a 50 day simple moving average of $56.56 and a 200-day simple moving average of $66.82. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The stock has a market cap of $21.17 billion, a PE ratio of 16.12, a PEG ratio of 1.07 and a beta of 0.74. Edison International has a 1 year low of $49.06 and a 1 year high of $88.77.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The company had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same period last year, the business earned $1.13 earnings per share. The business's revenue was down 6.5% on a year-over-year basis. On average, sell-side analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th were paid a dividend of $0.8275 per share. The ex-dividend date was Monday, April 7th. This represents a $3.31 annualized dividend and a yield of 6.02%. Edison International's dividend payout ratio is 46.95%.

Analysts Set New Price Targets

Several brokerages have weighed in on EIX. Mizuho dropped their target price on Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. 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 report on Tuesday, March 4th. Morgan Stanley restated an "overweight" rating on shares of Edison International in a report on Wednesday, April 23rd. Barclays lifted their price target on Edison International from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, LADENBURG THALM/SH SH upgraded shares of Edison International from a "sell" rating to a "neutral" rating and set a $56.50 target price for the company in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.96.

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.

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