Mizuho Securities USA LLC Has $2.93 Million Holdings in Edison International (NYSE:EIX)

Mizuho Securities USA LLC raised its position in shares of Edison International (NYSE:EIX) by 46.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,693 shares of the utilities provider’s stock after acquiring an additional 11,651 shares during the period. Mizuho Securities USA LLC’s holdings in Edison International were worth $2,930,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of EIX. Crews Bank & Trust acquired a new stake in Edison International during the fourth quarter worth $25,000. Groupama Asset Managment boosted its holdings in Edison International by 0.8% during the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 237 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 195 shares during the period. Sierra Ocean LLC acquired a new position in shares of Edison International in the 4th quarter worth approximately $33,000. Finally, ST Germain D J Co. Inc. raised its holdings in shares of Edison International by 88.1% in the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock worth $34,000 after buying an additional 200 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

Edison International Stock Up 0.7 %

NYSE:EIX opened at $58.59 on Tuesday. The stock’s fifty day moving average price is $55.27 and its two-hundred day moving average price is $73.20. The company has a market cap of $22.56 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 1.07 and a beta of 0.87. Edison International has a 52-week low of $49.06 and a 52-week high of $88.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88.

Edison International (NYSE:EIX) last issued its quarterly 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). The firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. On average, analysts anticipate that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

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 given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 5.65%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio is 100.30%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Mizuho lowered 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. LADENBURG THALM/SH SH raised 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. Wells Fargo & Company cut their price target on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Guggenheim cut shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $72.00 target price on shares of Edison International in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Edison International presently has a consensus rating of “Moderate Buy” and an average price target of $76.82.

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.