Swedbank AB Acquires 16,614 Shares of Edison International (NYSE:EIX)

Swedbank AB grew its holdings in shares of Edison International (NYSE:EIX) by 3.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 523,433 shares of the utilities provider’s stock after purchasing an additional 16,614 shares during the period. Swedbank AB’s holdings in Edison International were worth $41,791,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. bought a new position in shares of Edison International during the fourth quarter valued at $235,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Edison International during the third quarter valued at $1,387,000. Sound Income Strategies LLC raised its stake in shares of Edison International by 5.9% during the fourth quarter. Sound Income Strategies LLC now owns 195,788 shares of the utilities provider’s stock valued at $15,632,000 after acquiring an additional 10,863 shares during the last quarter. CHURCHILL MANAGEMENT Corp raised its stake in shares of Edison International by 6.6% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 80,908 shares of the utilities provider’s stock valued at $6,460,000 after acquiring an additional 5,011 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its stake in shares of Edison International by 54.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 27,200 shares of the utilities provider’s stock valued at $2,172,000 after acquiring an additional 9,612 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Edison International from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Morgan Stanley lowered their target price on shares of Edison International from $74.00 to $72.00 and set an “underweight” rating for the company in a research note on Friday, November 22nd. LADENBURG THALM/SH SH raised 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. Jefferies Financial Group assumed coverage on shares of Edison International in a research note on Thursday, November 7th. They set a “buy” rating and a $93.00 target price for the company. Finally, UBS Group lowered their target price on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.88.

Edison International Trading Down 0.6 %

NYSE:EIX opened at $55.79 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 stock has a market capitalization of $21.60 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.20 and a beta of 0.93. The firm has a fifty day simple moving average of $76.07 and a two-hundred day simple moving average of $80.73. Edison International has a 12 month low of $55.27 and a 12 month high of $88.77.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.13. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned $1.38 earnings per share. Analysts expect that Edison International will post 4.94 EPS for the current fiscal year.

Edison International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th will be issued a dividend of $0.8275 per share. This is a boost from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date of this dividend is Tuesday, January 7th. Edison International’s dividend payout ratio (DPR) is currently 97.07%.

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.