Natixis Trims Stock Holdings in Edison International (NYSE:EIX)

Natixis lowered its stake in Edison International (NYSE:EIX) by 64.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,935 shares of the utilities provider’s stock after selling 10,740 shares during the quarter. Natixis’ holdings in Edison International were worth $474,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Swedbank AB lifted its holdings in Edison International by 3.3% during the fourth quarter. Swedbank AB now owns 523,433 shares of the utilities provider’s stock valued at $41,791,000 after purchasing an additional 16,614 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Edison International during the 4th quarter valued at $235,000. KBC Group NV boosted its holdings in Edison International by 23.7% in the 4th quarter. KBC Group NV now owns 61,342 shares of the utilities provider’s stock worth $4,898,000 after buying an additional 11,764 shares during the period. abrdn plc increased its stake in Edison International by 19.5% in the 4th quarter. abrdn plc now owns 1,695,182 shares of the utilities provider’s stock worth $134,335,000 after buying an additional 276,656 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Edison International by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,416,770 shares of the utilities provider’s stock valued at $192,955,000 after acquiring an additional 76,654 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Stock Performance

NYSE:EIX opened at $58.22 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The stock’s fifty day moving average is $55.98 and its 200 day moving average is $68.44. The firm has a market capitalization of $22.42 billion, a PE ratio of 17.07, a PEG ratio of 1.07 and a beta of 0.74. Edison International has a fifty-two week low of $49.06 and a fifty-two week high of $88.77.

Edison International (NYSE:EIX) last released its earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (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 firm had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $3.92 billion. On average, sell-side analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be paid a dividend of $0.8275 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.69%. Edison International’s dividend payout ratio is 100.30%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $72.00 target price on shares of Edison International in a research report on Wednesday, February 12th. Wells Fargo & Company reduced their price objective on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Barclays cut their target price on shares of Edison International from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Mizuho decreased their price target on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group cut their price objective on Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Edison International presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.75.

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.