BNP Paribas Financial Markets Boosts Stock Position in Edison International (NYSE:EIX)

BNP Paribas Financial Markets boosted its holdings in Edison International (NYSE:EIX - Free Report) by 27.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 992,661 shares of the utilities provider's stock after purchasing an additional 213,755 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.26% of Edison International worth $79,254,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC lifted its position in Edison International by 16.9% during the third quarter. Barclays PLC now owns 918,489 shares of the utilities provider's stock valued at $79,991,000 after purchasing an additional 132,749 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Edison International during the third quarter valued at approximately $221,000. Wilmington Savings Fund Society FSB purchased a new stake in Edison International during the third quarter valued at approximately $188,000. Tidal Investments LLC lifted its stake in shares of Edison International by 2.6% in the 3rd quarter. Tidal Investments LLC now owns 18,719 shares of the utilities provider's stock valued at $1,630,000 after purchasing an additional 476 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Edison International by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 459,194 shares of the utilities provider's stock worth $39,991,000 after purchasing an additional 27,667 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Trading Up 0.1 %

Shares of NYSE EIX traded up $0.07 on Friday, reaching $56.20. 2,318,656 shares of the company traded hands, compared to its average volume of 3,014,783. Edison International has a fifty-two week low of $49.06 and a fifty-two week high of $88.77. The company has a 50 day moving average of $56.70 and a 200 day moving average of $66.12. The stock has a market capitalization of $21.62 billion, a PE ratio of 16.48, a P/E/G ratio of 1.07 and a beta of 0.77. 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 (NYSE:EIX - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.16. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the company posted $1.13 EPS. The business's quarterly revenue was down 6.5% on a year-over-year basis. On average, equities research analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm 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 5.89%. Edison International's dividend payout ratio is currently 46.95%.

Analyst Ratings Changes

Several research firms have commented on EIX. Morgan Stanley reaffirmed an "overweight" rating on shares of Edison International in a research note on Wednesday, April 23rd. 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 research note on Wednesday, January 15th. Guggenheim lowered Edison International from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. Mizuho lowered their price objective on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. Finally, 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 note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Edison International currently has a consensus rating of "Moderate Buy" and an average price target 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.