Edison International (NYSE:EIX) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC decreased its holdings in shares of Edison International (NYSE:EIX) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,016 shares of the utilities provider’s stock after selling 2,000 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Edison International were worth $6,868,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Aviva PLC raised its holdings in Edison International by 131.8% in the 4th quarter. Aviva PLC now owns 593,820 shares of the utilities provider’s stock valued at $47,411,000 after acquiring an additional 337,628 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Edison International in the fourth quarter valued at approximately $1,694,000. Mizuho Bank Ltd. acquired a new stake in shares of Edison International in the fourth quarter valued at approximately $50,000. KCM Investment Advisors LLC lifted its position in Edison International by 0.3% during the fourth quarter. KCM Investment Advisors LLC now owns 139,439 shares of the utilities provider’s stock worth $11,133,000 after buying an additional 359 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in Edison International during the fourth quarter worth $9,353,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Stock Down 6.3 %

EIX stock opened at $54.71 on Monday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The company’s 50 day simple moving average is $54.84 and its 200-day simple moving average is $71.45. The firm has a market capitalization of $21.06 billion, a PE ratio of 16.04, a P/E/G ratio of 1.07 and a beta of 0.74. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77.

Edison International (NYSE:EIX) last posted its quarterly earnings data 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 company 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%. Equities analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be issued a dividend of $0.8275 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.05%. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

Analyst Upgrades and Downgrades

EIX has been the subject of a number of recent research reports. Wells Fargo & Company cut their target price on Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a research report on Wednesday, January 15th. Mizuho decreased their target price on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $72.00 price target on shares of Edison International in a report on Wednesday, February 12th. Finally, Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $76.82.

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.