Raiffeisen Bank International AG Makes New Investment in Edison International (NYSE:EIX)

Raiffeisen Bank International AG acquired a new stake in Edison International (NYSE:EIX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,476 shares of the utilities provider's stock, valued at approximately $356,000.

Other large investors also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. grew its holdings 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 worth $550,000 after purchasing an additional 174 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Edison International by 2.9% during 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. Whittier Trust Co. grew its holdings in Edison International by 4.9% in the 4th quarter. Whittier Trust Co. now owns 4,295 shares of the utilities provider's stock worth $343,000 after acquiring an additional 200 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Edison International by 5.0% during the fourth quarter. Vontobel Holding Ltd. now owns 4,579 shares of the utilities provider's stock worth $366,000 after acquiring an additional 216 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. lifted its stake in Edison International by 5.2% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 4,403 shares of the utilities provider's stock valued at $352,000 after acquiring an additional 217 shares during the period. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Stock Up 0.4%

Shares of NYSE:EIX traded up $0.26 during midday trading on Tuesday, hitting $58.26. 1,697,407 shares of the company's stock traded hands, compared to its average volume of 3,032,387. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The company has a market cap of $22.42 billion, a PE ratio of 17.09, a P/E/G ratio of 1.07 and a beta of 0.77. The firm's fifty day moving average price is $56.91 and its two-hundred day moving average price is $64.86.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data 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 net margin of 8.52% and a return on equity of 13.17%. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the business earned $1.13 earnings per share. Edison International's quarterly revenue was down 6.5% on a year-over-year basis. On average, equities research analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th were paid a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date was Monday, April 7th. Edison International's dividend payout ratio (DPR) is presently 46.95%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EIX. UBS Group raised shares of Edison International from a "neutral" rating to a "buy" rating and cut their target price for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Guggenheim cut shares of Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. The Goldman Sachs Group lowered their price objective on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Morgan Stanley reissued an "overweight" rating on shares of Edison International in a report on Wednesday, April 23rd. Finally, 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. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Edison International has an average rating of "Moderate Buy" and an average target price of $76.89.

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.