Vontobel Holding Ltd. Trims Holdings in Edison International (NYSE:EIX)

Vontobel Holding Ltd. lessened its stake in Edison International (NYSE:EIX) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,358 shares of the utilities provider’s stock after selling 898 shares during the period. Vontobel Holding Ltd.’s holdings in Edison International were worth $669,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its stake in Edison International by 266.3% during the third quarter. Deutsche Bank AG now owns 4,309,133 shares of the utilities provider’s stock worth $272,725,000 after purchasing an additional 3,132,877 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Edison International by 8.9% in the 3rd quarter. Clearbridge Investments LLC now owns 6,830,749 shares of the utilities provider’s stock valued at $432,318,000 after buying an additional 558,351 shares during the period. Ameriprise Financial Inc. grew its position in shares of Edison International by 166.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 750,442 shares of the utilities provider’s stock valued at $47,523,000 after buying an additional 468,594 shares during the last quarter. Wellington Management Group LLP raised its stake in Edison International by 3.3% during the third quarter. Wellington Management Group LLP now owns 9,842,171 shares of the utilities provider’s stock worth $622,911,000 after acquiring an additional 317,297 shares during the period. Finally, UBS Group AG lifted its holdings in Edison International by 80.0% in the third quarter. UBS Group AG now owns 686,253 shares of the utilities provider’s stock worth $43,433,000 after acquiring an additional 304,926 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EIX. StockNews.com raised Edison International from a “sell” rating to a “hold” rating in a report on Saturday, February 24th. The Goldman Sachs Group initiated coverage on shares of Edison International in a research report on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 price objective on the stock. Barclays upped their target price on shares of Edison International from $69.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. Royal Bank of Canada decreased their price objective on Edison International from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, March 7th. Finally, Mizuho cut their target price on Edison International from $76.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Edison International presently has a consensus rating of “Hold” and an average target price of $73.60.

Edison International Trading Up 1.0 %

NYSE:EIX opened at $70.64 on Tuesday. Edison International has a 1-year low of $58.82 and a 1-year high of $74.92. The stock has a fifty day simple moving average of $68.57 and a 200 day simple moving average of $67.54. The firm has a market capitalization of $27.17 billion, a price-to-earnings ratio of 22.64 and a beta of 0.96. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 1.86.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Edison International had a net margin of 8.35% and a return on equity of 12.63%. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. Sell-side analysts forecast that Edison International will post 4.98 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Wednesday, March 27th. Edison International’s dividend payout ratio (DPR) is presently 100.00%.

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.