APG Asset Management N.V. Acquires Shares of 207,700 Edison International (NYSE:EIX)

APG Asset Management N.V. acquired a new stake in shares of Edison International (NYSE:EIX) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 207,700 shares of the utilities provider’s stock, valued at approximately $16,014,000. APG Asset Management N.V. owned approximately 0.05% of Edison International at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Crews Bank & Trust purchased a new stake in shares of Edison International in the fourth quarter worth approximately $25,000. Groupama Asset Managment lifted its position in shares of Edison International by 0.8% in the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 237 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Edison International in the fourth quarter worth approximately $33,000. ST Germain D J Co. Inc. increased its holdings in Edison International by 88.1% in the fourth quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock worth $34,000 after buying an additional 200 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Edison International by 285.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider’s stock worth $34,000 after buying an additional 311 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Price Performance

Edison International stock opened at $56.15 on Thursday. 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 company has a market capitalization of $21.62 billion, a PE ratio of 16.47, a P/E/G ratio of 1.07 and a beta of 0.74. 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 $54.71 and a two-hundred day moving average price of $70.57.

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

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be issued a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.89%. Edison International’s dividend payout ratio is presently 100.30%.

Wall Street Analyst Weigh In

EIX has been the topic of several analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $72.00 price target on shares of Edison International in a report on Wednesday, February 12th. Barclays lowered their price target on Edison International from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday. The Goldman Sachs Group lowered their price target on Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a report on Wednesday, January 15th. Finally, Morgan Stanley raised their price objective on shares of Edison International from $48.00 to $52.00 and gave the stock an “underweight” rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.