Amundi Boosts Position in Edison International (NYSE:EIX)

Amundi grew its holdings in shares of Edison International (NYSE:EIX) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,118,404 shares of the utilities provider’s stock after buying an additional 10,396 shares during the quarter. Amundi owned 0.81% of Edison International worth $248,973,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Crews Bank & Trust acquired a new stake in Edison International in the 4th quarter valued at $25,000. Larson Financial Group LLC boosted its position in shares of Edison International by 125.0% in the third quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after buying an additional 195 shares during the period. Prospera Private Wealth LLC acquired a new stake in shares of Edison International in the third quarter valued at about $32,000. Darwin Wealth Management LLC purchased a new stake in shares of Edison International during the 3rd quarter valued at about $35,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Edison International during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Price Performance

Shares of NYSE EIX opened at $56.46 on Friday. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The firm has a 50-day moving average of $58.91 and a two-hundred day moving average of $75.47. The company has a market capitalization of $21.74 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.07 and a beta of 0.87.

Edison International (NYSE:EIX) last issued its earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). The business had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $3.92 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. As a group, analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

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 paid a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.86%. Edison International’s dividend payout ratio is currently 100.30%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EIX shares. Wells Fargo & Company decreased their target price on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Morgan Stanley decreased their target price on Edison International from $71.00 to $48.00 and set an “underweight” rating for the company in a research report on Friday, February 14th. Mizuho reduced their price objective on Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price for the company in a research note on Wednesday, January 15th. Finally, UBS Group upgraded Edison International from a “neutral” rating to a “buy” rating and decreased their target price for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $76.54.

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.