Caisse DE Depot ET Placement DU Quebec Makes New $15.58 Million Investment in Edison International (NYSE:EIX)

Caisse DE Depot ET Placement DU Quebec bought a new stake in Edison International (NYSE:EIX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 195,122 shares of the utilities provider's stock, valued at approximately $15,579,000. Caisse DE Depot ET Placement DU Quebec owned 0.05% of Edison International at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EIX. Jamison Private Wealth Management Inc. lifted its stake in shares of Edison International by 2.6% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider's stock valued at $550,000 after buying an additional 174 shares in the last quarter. Bleakley Financial Group LLC increased its stake in Edison International by 2.9% in the 4th quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider's stock worth $503,000 after acquiring an additional 176 shares during the last quarter. Centre Asset Management LLC increased its position in shares of Edison International by 8.1% in the fourth quarter. Centre Asset Management LLC now owns 2,656 shares of the utilities provider's stock worth $212,000 after purchasing an additional 199 shares during the last quarter. ST Germain D J Co. Inc. grew its stake in Edison International by 88.1% in the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider's stock worth $34,000 after buying an additional 200 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in Edison International by 4.9% in the fourth quarter. Whittier Trust Co. now owns 4,295 shares of the utilities provider's stock valued at $343,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 88.95% of the company's stock.

Edison International Price Performance

Shares of EIX opened at $54.92 on Friday. The company has a market capitalization of $21.15 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The firm has a 50 day moving average of $56.51 and a 200 day moving average of $67.28.

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 analyst estimates of $4.29 billion. During the same quarter in the previous year, the firm earned $1.13 EPS. Edison International's revenue was down 6.5% on a year-over-year basis. As a group, equities research analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 6.03%. Edison International's dividend payout ratio is currently 46.95%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EIX. UBS Group raised Edison International from a "neutral" rating to a "buy" rating and cut their target price for the stock from $69.00 to $65.00 in a research note on Tuesday, February 18th. The Goldman Sachs Group cut their price target 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. LADENBURG THALM/SH SH upgraded Edison International from a "sell" rating to a "neutral" rating and set a $56.50 price objective on the stock in a research report on Wednesday, January 15th. Barclays raised their target price on shares of Edison International from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Mizuho decreased their target price 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. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $76.96.

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.

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