Robeco Institutional Asset Management B.V. Has $50.52 Million Stock Holdings in Edison International (NYSE:EIX)

Robeco Institutional Asset Management B.V. reduced its position in shares of Edison International (NYSE:EIX - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Edison International by 3.3% during the 4th 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 during the period. Geode Capital Management LLC lifted its holdings in shares of Edison International by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 9,983,519 shares of the utilities provider's stock worth $795,123,000 after purchasing an additional 362,999 shares during the period. Northern Trust Corp grew its stake in shares of 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 purchasing an additional 2,016,017 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Edison International by 7.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,163,408 shares of the utilities provider's stock valued at $412,246,000 after purchasing an additional 371,043 shares during the period. Finally, Massachusetts Financial Services Co. MA increased 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 valued at $409,865,000 after purchasing an additional 50,451 shares during the period. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Trading Up 0.8%

EIX opened at $50.79 on Friday. The company has a fifty day moving average price of $54.54 and a two-hundred day moving average price of $59.05. Edison International has a 1-year low of $47.73 and a 1-year high of $88.77. The company has a market cap of $19.54 billion, a P/E ratio of 7.20, a price-to-earnings-growth ratio of 1.18 and a beta of 0.78. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 2.06.

Edison International (NYSE:EIX - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. Edison International had a return on equity of 13.21% and a net margin of 16.84%. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the company posted $1.13 EPS. The firm's revenue was down 6.5% compared to the same quarter last year. Analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, July 7th will be issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date of this dividend is Monday, July 7th. Edison International's dividend payout ratio is currently 46.95%.

Wall Street Analyst Weigh In

Several brokerages have commented on EIX. JPMorgan Chase & Co. cut their target price on Edison International from $75.00 to $71.00 and set a "neutral" rating on the stock in a report on Monday, May 19th. Morgan Stanley cut their price objective on Edison International from $52.00 to $51.00 and set an "underweight" rating on the stock in a research note on Wednesday, June 18th. Wolfe Research downgraded shares of Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. The Goldman Sachs Group lowered their price target on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Finally, Mizuho reduced their price objective on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.

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