Deutsche Bank AG Cuts Stake in Edison International (NYSE:EIX)

Deutsche Bank AG reduced its stake in Edison International (NYSE:EIX - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,320,821 shares of the utilities provider's stock after selling 385,804 shares during the quarter. Deutsche Bank AG owned about 1.12% of Edison International worth $344,974,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Edison International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider's stock worth $3,879,408,000 after purchasing an additional 1,559,501 shares in the last quarter. Geode Capital Management LLC raised its holdings in Edison International by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 9,983,519 shares of the utilities provider's stock worth $795,123,000 after buying an additional 362,999 shares during the last quarter. Northern Trust Corp raised its holdings 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 worth $459,642,000 after buying an additional 2,016,017 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Edison International by 1.0% in 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 buying an additional 50,451 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Edison International by 38.2% in the fourth quarter. Invesco Ltd. now owns 4,816,638 shares of the utilities provider's stock worth $384,560,000 after buying an additional 1,331,941 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on EIX shares. Barclays upped their price objective on Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $72.00 price objective on shares of Edison International in a research report on Wednesday, February 12th. Guggenheim cut Edison International from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH raised 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. Finally, Mizuho lowered their price objective 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. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Edison International presently has an average rating of "Moderate Buy" and an average target price of $76.96.

Edison International Price Performance

Shares of Edison International stock traded up $0.07 during trading on Friday, reaching $56.20. 2,318,656 shares of the stock traded hands, compared to its average volume of 3,014,783. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77. The business has a fifty day simple moving average of $56.70 and a two-hundred day simple moving average of $65.99. The company has a market capitalization of $21.62 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.07 and a beta of 0.77. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.16. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The company's revenue was down 6.5% on a year-over-year basis. Sell-side analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 7th were paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend was Monday, April 7th. Edison International's dividend payout ratio (DPR) is 46.95%.

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.