Robeco Institutional Asset Management B.V. Trims Position in Edison International (NYSE:EIX)

Robeco Institutional Asset Management B.V. cut its position in shares of Edison International (NYSE:EIX - Free Report) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 857,421 shares of the utilities provider's stock after selling 15,654 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.22% of Edison International worth $50,519,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. raised its holdings in shares of Edison International by 4,633.3% in the first quarter. Rakuten Securities Inc. now owns 426 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 417 shares in the last quarter. Bellwether Advisors LLC purchased a new position in Edison International during the 4th quarter valued at about $34,000. OFI Invest Asset Management bought a new stake in shares of Edison International in the 4th quarter valued at about $38,000. SBI Securities Co. Ltd. bought a new stake in shares of Edison International in the 4th quarter valued at about $44,000. Finally, Mizuho Bank Ltd. purchased a new stake in shares of Edison International in the 4th quarter worth approximately $50,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Stock Up 1.2%

Shares of EIX traded up $0.61 during mid-day trading on Monday, hitting $51.58. 4,746,973 shares of the company traded hands, compared to its average volume of 3,285,327. The company has a market capitalization of $19.85 billion, a PE ratio of 7.32, a price-to-earnings-growth ratio of 1.19 and a beta of 0.78. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 2.06. The business has a 50 day moving average of $54.33 and a 200 day moving average of $58.30. Edison International has a 1-year low of $47.73 and a 1-year high of $88.77.

Edison International (NYSE:EIX - Get Free Report) last released 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. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $4.29 billion. Edison International had a net margin of 16.84% and a return on equity of 13.21%. Edison International's revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 EPS. Equities research analysts anticipate that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, July 7th will be paid a dividend of $0.8275 per share. The ex-dividend date is Monday, July 7th. This represents a $3.31 annualized dividend and a yield of 6.42%. Edison International's payout ratio is presently 46.95%.

Wall Street Analysts Forecast Growth

EIX has been the topic of several research reports. Morgan Stanley cut their price objective on shares of Edison International from $52.00 to $51.00 and set an "underweight" rating on the stock in a report on Wednesday, June 18th. JPMorgan Chase & Co. dropped their target price on Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a research report on Monday, May 19th. The Goldman Sachs Group cut their price target on Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Evercore ISI restated an "outperform" rating on shares of Edison International in a research note on Thursday, May 15th. Finally, Mizuho dropped 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $76.82.

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.