Natixis Advisors L.P. Has $11.05 Million Stake in Edison International (NYSE:EIX)

Natixis Advisors L.P. cut its position in shares of Edison International (NYSE:EIX) by 12.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 154,598 shares of the utilities provider’s stock after selling 21,257 shares during the quarter. Natixis Advisors L.P.’s holdings in Edison International were worth $11,051,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Edison International by 6.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 34,530 shares of the utilities provider’s stock valued at $2,185,000 after purchasing an additional 2,002 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Edison International by 17.6% during the 3rd quarter. Brown Advisory Inc. now owns 4,542 shares of the utilities provider’s stock worth $287,000 after buying an additional 679 shares in the last quarter. Lindbrook Capital LLC grew its position in shares of Edison International by 144.4% during the 3rd quarter. Lindbrook Capital LLC now owns 672 shares of the utilities provider’s stock worth $43,000 after buying an additional 397 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Edison International by 14.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 192,678 shares of the utilities provider’s stock valued at $12,195,000 after acquiring an additional 24,531 shares in the last quarter. Finally, Strs Ohio lifted its position in shares of Edison International by 36.3% during the 3rd quarter. Strs Ohio now owns 35,751 shares of the utilities provider’s stock valued at $2,262,000 after acquiring an additional 9,522 shares during the period. Institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

EIX has been the subject of several research analyst reports. TheStreet downgraded shares of Edison International from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Guggenheim raised Edison International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $66.00 to $84.00 in a research note on Monday, January 22nd. StockNews.com upgraded Edison International from a “sell” rating to a “hold” rating in a report on Saturday, February 24th. Royal Bank of Canada cut their target price on Edison International from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Finally, Barclays boosted their price target on shares of Edison International from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Edison International currently has a consensus rating of “Hold” and a consensus price target of $72.78.

Edison International Stock Up 1.2 %

EIX opened at $73.87 on Wednesday. Edison International has a fifty-two week low of $58.82 and a fifty-two week high of $74.40. The firm has a market capitalization of $28.42 billion, a P/E ratio of 32.40 and a beta of 0.95. The company’s 50-day moving average is $69.67 and its 200 day moving average is $68.10. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.00 and a quick ratio of 0.93.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.12 by $0.01. Edison International had a net margin of 6.14% and a return on equity of 12.48%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the business posted $1.09 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Research analysts expect that Edison International will post 4.92 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were given a $0.78 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.12 annualized dividend and a yield of 4.22%. Edison International’s dividend payout ratio is currently 136.84%.

Edison International 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.