DekaBank Deutsche Girozentrale Has $5.16 Million Stock Holdings in Edison International (NYSE:EIX)

DekaBank Deutsche Girozentrale lessened its holdings in Edison International (NYSE:EIX) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,881 shares of the utilities provider’s stock after selling 4,100 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Edison International were worth $5,161,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EIX. Dimensional Fund Advisors LP boosted its position in shares of Edison International by 12.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,234,491 shares of the utilities provider’s stock worth $86,534,000 after buying an additional 137,840 shares during the period. Aviva PLC boosted its position in shares of Edison International by 21.5% in the first quarter. Aviva PLC now owns 151,158 shares of the utilities provider’s stock worth $10,596,000 after buying an additional 26,797 shares during the period. Prudential PLC acquired a new stake in shares of Edison International in the first quarter worth $688,000. Cetera Investment Advisers boosted its position in shares of Edison International by 30.5% in the first quarter. Cetera Investment Advisers now owns 6,916 shares of the utilities provider’s stock worth $485,000 after buying an additional 1,617 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Edison International by 1.7% in the first quarter. Vanguard Group Inc. now owns 44,530,226 shares of the utilities provider’s stock worth $3,121,569,000 after buying an additional 731,841 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Price Performance

NYSE EIX opened at $68.84 on Friday. Edison International has a fifty-two week low of $58.82 and a fifty-two week high of $74.92. The stock’s 50-day moving average is $68.12 and its two-hundred day moving average is $67.23. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.79 and a quick ratio of 0.73. The firm has a market cap of $26.48 billion, a P/E ratio of 22.06 and a beta of 0.96.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $4.19 billion. Edison International had a return on equity of 12.63% and a net margin of 8.35%. During the same period in the previous year, the company posted $1.14 earnings per share. On average, analysts anticipate that Edison International will post 5.01 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be paid a $0.78 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.53%. Edison International’s payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Mizuho reduced their price objective on Edison International from $76.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. StockNews.com raised Edison International from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th. TheStreet cut Edison International from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Barclays lifted their price objective on Edison International from $69.00 to $70.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Finally, Royal Bank of Canada reduced their price objective on Edison International from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Edison International currently has an average rating of “Hold” and a consensus target price of $73.60.

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.