Natixis Advisors L.P. Sells 21,257 Shares of Edison International (NYSE:EIX)

Natixis Advisors L.P. reduced its stake in Edison International (NYSE:EIX) by 12.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,598 shares of the utilities provider’s stock after selling 21,257 shares during the period. Natixis Advisors L.P.’s holdings in Edison International were worth $11,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Deutsche Bank AG grew its position in Edison International by 266.3% in the third quarter. Deutsche Bank AG now owns 4,309,133 shares of the utilities provider’s stock valued at $272,725,000 after acquiring an additional 3,132,877 shares during the period. California Public Employees Retirement System grew its holdings in shares of Edison International by 62.1% in the 4th quarter. California Public Employees Retirement System now owns 1,514,003 shares of the utilities provider’s stock worth $108,236,000 after purchasing an additional 580,117 shares during the last quarter. Clearbridge Investments LLC grew 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 worth $432,318,000 after purchasing an additional 558,351 shares during the last quarter. Ameriprise Financial Inc. increased 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 worth $47,523,000 after purchasing an additional 468,594 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Edison International by 3.3% during the 3rd quarter. Wellington Management Group LLP now owns 9,842,171 shares of the utilities provider’s stock valued at $622,911,000 after purchasing an additional 317,297 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Price Performance

Shares of EIX stock opened at $73.87 on Wednesday. Edison International has a 12 month low of $58.82 and a 12 month high of $74.40. The stock has a 50-day moving average price of $69.67 and a 200 day moving average price of $68.10. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 2.04. The firm has a market cap of $28.42 billion, a price-to-earnings ratio of 32.40 and a beta of 0.95.

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

Edison International Announces Dividend

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

Analysts Set New Price Targets

EIX has been the topic of several research analyst reports. TheStreet cut shares of Edison International from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. The Goldman Sachs Group began coverage on Edison International in a report on Wednesday, April 10th. They set a “neutral” rating and a $78.00 price target for the company. Mizuho reduced their price objective 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. Guggenheim upgraded Edison International from a “neutral” rating to a “buy” rating and increased their target price for the stock from $66.00 to $84.00 in a report on Monday, January 22nd. Finally, Barclays lifted their price target on Edison International from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $72.78.

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.