Natixis Advisors LLC Purchases 10,912 Shares of Edison International (NYSE:EIX)

Natixis Advisors LLC increased its position in shares of Edison International (NYSE:EIX) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,923 shares of the utilities provider’s stock after acquiring an additional 10,912 shares during the quarter. Natixis Advisors LLC’s holdings in Edison International were worth $12,928,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Frank Rimerman Advisors LLC lifted its position in Edison International by 10.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 3,244 shares of the utilities provider’s stock valued at $259,000 after purchasing an additional 301 shares during the period. Montis Financial LLC bought a new position in Edison International in the fourth quarter valued at approximately $258,000. Picton Mahoney Asset Management grew its holdings in Edison International by 46.4% during the 4th quarter. Picton Mahoney Asset Management now owns 6,387 shares of the utilities provider’s stock worth $509,000 after acquiring an additional 2,023 shares during the period. Intact Investment Management Inc. grew its holdings in Edison International by 9,435.7% during the 4th quarter. Intact Investment Management Inc. now owns 80,100 shares of the utilities provider’s stock worth $6,395,000 after acquiring an additional 79,260 shares during the period. Finally, LBP AM SA raised its position in shares of Edison International by 4.2% during the 4th quarter. LBP AM SA now owns 62,019 shares of the utilities provider’s stock valued at $4,952,000 after acquiring an additional 2,473 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Trading Down 0.3 %

EIX opened at $58.53 on Thursday. The stock has a market capitalization of $22.54 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.07 and a beta of 0.87. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The firm’s fifty day simple moving average is $55.58 and its 200 day simple moving average is $73.91.

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

Edison International Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 5.66%. Edison International’s dividend payout ratio is currently 100.30%.

Analysts Set New Price Targets

Several research firms have recently issued reports on EIX. Mizuho reduced their price target on Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. UBS Group upgraded Edison International from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. Morgan Stanley cut their price target on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a research report on Friday, February 14th. The Goldman Sachs Group decreased their price objective on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Finally, LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price on the stock in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $76.54.

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.