Edison International (NYSE:EIX) Shares Sold by Natixis

Natixis lessened its stake in Edison International (NYSE:EIX - Free Report) by 64.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,935 shares of the utilities provider's stock after selling 10,740 shares during the period. Natixis' holdings in Edison International were worth $474,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Edison International by 16.9% in the 3rd quarter. Barclays PLC now owns 918,489 shares of the utilities provider's stock valued at $79,991,000 after buying an additional 132,749 shares during the period. Virtu Financial LLC acquired a new position in Edison International in the 3rd quarter valued at about $1,791,000. World Investment Advisors LLC purchased a new stake in Edison International during the third quarter worth about $221,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Edison International during the third quarter worth about $188,000. Finally, Tidal Investments LLC grew its stake in shares of Edison International by 2.6% in the third quarter. Tidal Investments LLC now owns 18,719 shares of the utilities provider's stock worth $1,630,000 after acquiring an additional 476 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company's stock.

Edison International Trading Down 8.9 %

NYSE EIX traded down $5.22 during mid-day trading on Wednesday, hitting $53.51. The company's stock had a trading volume of 11,257,860 shares, compared to its average volume of 2,986,916. 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 has a 52-week low of $49.06 and a 52-week high of $88.77. The stock's fifty day simple moving average is $56.40 and its two-hundred day simple moving average is $67.70. The firm has a market capitalization of $20.60 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74.

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

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 6.19%. The ex-dividend date of this dividend is Monday, April 7th. Edison International's dividend payout ratio (DPR) is presently 100.30%.

Analyst Ratings Changes

A number of research firms have weighed in on EIX. 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 research note on Tuesday, March 4th. 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. Morgan Stanley reiterated an "overweight" rating on shares of Edison International in a research note on Wednesday, April 23rd. Mizuho reduced their target price on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $72.00 price target on shares of Edison International in a research report on Wednesday, February 12th. Four research 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $76.75.

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.