BNP Paribas Financial Markets Acquires 213,755 Shares of Edison International (NYSE:EIX)

BNP Paribas Financial Markets raised its holdings in Edison International (NYSE:EIX - Free Report) by 27.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 992,661 shares of the utilities provider's stock after acquiring an additional 213,755 shares during the period. BNP Paribas Financial Markets owned about 0.26% of Edison International worth $79,254,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Edison International in the 4th quarter valued at approximately $323,443,000. Canada Pension Plan Investment Board lifted its stake in Edison International by 364.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 3,369,535 shares of the utilities provider's stock valued at $269,024,000 after purchasing an additional 2,643,571 shares during the last quarter. Northern Trust Corp boosted its position in Edison International by 53.9% in the fourth quarter. Northern Trust Corp now owns 5,757,034 shares of the utilities provider's stock valued at $459,642,000 after buying an additional 2,016,017 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Edison International by 149.3% during the fourth quarter. Ameriprise Financial Inc. now owns 2,793,795 shares of the utilities provider's stock worth $223,057,000 after buying an additional 1,673,204 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Edison International by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider's stock worth $3,879,408,000 after buying an additional 1,559,501 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Stock Performance

Shares of Edison International stock opened at $54.98 on Tuesday. The company has a market cap of $21.17 billion, a P/E ratio of 16.12, a PEG ratio of 1.07 and a beta of 0.74. 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 business has a 50-day moving average price of $56.56 and a two-hundred day moving average price of $66.82. 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 earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share for the quarter, topping 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 business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the company posted $1.13 earnings per share. The firm's revenue for the quarter was down 6.5% on a year-over-year basis. As a group, analysts anticipate that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on EIX. JPMorgan Chase & Co. reissued a "neutral" rating and set a $72.00 price objective on shares of Edison International in a report on Wednesday, February 12th. UBS Group raised Edison International from a "neutral" rating to a "buy" rating and cut their price target for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. 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 note on Wednesday, January 15th. Morgan Stanley reiterated an "overweight" rating on shares of Edison International in a report on Wednesday, April 23rd. Finally, The Goldman Sachs Group reduced 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. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $76.96.

About Edison International

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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