Edison International (NYSE:EIX) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in shares of Edison International (NYSE:EIX - Free Report) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,316 shares of the utilities provider's stock after purchasing an additional 4,686 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Edison International were worth $14,235,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Edison International during the fourth quarter valued at approximately $323,443,000. Vanguard Group Inc. increased its holdings in Edison International by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider's stock valued at $3,879,408,000 after buying an additional 1,559,501 shares in the last quarter. Invesco Ltd. raised its position in shares of 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 acquiring an additional 1,331,941 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Edison International during the 4th quarter valued at about $39,344,000. Finally, National Bank of Canada FI increased its stake in shares of Edison International by 207.9% in the 4th quarter. National Bank of Canada FI now owns 698,939 shares of the utilities provider's stock valued at $55,807,000 after purchasing an additional 471,968 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company's stock.

Edison International Trading Down 2.5 %

NYSE:EIX traded down $1.41 on Monday, reaching $55.98. The company's stock had a trading volume of 207,700 shares, compared to its average volume of 2,936,889. The firm has a market cap of $21.55 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The stock has a 50 day moving average price of $55.47 and a 200 day moving average price of $68.98.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.03). Edison International had a return on equity of 13.17% and a net margin of 8.52%. The company had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. On average, equities analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be given a dividend of $0.8275 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.91%. Edison International's dividend payout ratio is presently 100.30%.

Wall Street Analyst Weigh In

Several analysts have commented on EIX shares. Mizuho dropped their price objective on Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Guggenheim lowered shares of Edison International from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Wells Fargo & Company cut their price objective on Edison International from $94.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $72.00 price target on shares of Edison International in a research note on Wednesday, February 12th. Finally, UBS Group upgraded Edison International from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Edison International has a consensus rating of "Moderate Buy" and an average price target of $76.75.

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.