Edison International $EIX Shares Sold by ABN Amro Investment Solutions

ABN Amro Investment Solutions cut its position in shares of Edison International (NYSE:EIX) by 37.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,169 shares of the utilities provider’s stock after selling 9,231 shares during the quarter. ABN Amro Investment Solutions’ holdings in Edison International were worth $839,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of EIX. Vanguard Group Inc. boosted its stake in Edison International by 4.9% during the second quarter. Vanguard Group Inc. now owns 51,470,117 shares of the utilities provider’s stock valued at $2,655,858,000 after buying an additional 2,386,562 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Edison International by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 12,136,256 shares of the utilities provider’s stock valued at $638,576,000 after acquiring an additional 407,039 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Edison International by 83.5% in the 2nd quarter. AQR Capital Management LLC now owns 9,962,902 shares of the utilities provider’s stock valued at $510,649,000 after acquiring an additional 4,534,864 shares during the last quarter. Invesco Ltd. boosted its position in shares of Edison International by 10.8% during the 2nd quarter. Invesco Ltd. now owns 6,392,459 shares of the utilities provider’s stock valued at $329,851,000 after purchasing an additional 621,924 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Edison International by 11.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,593,002 shares of the utilities provider’s stock worth $288,599,000 after purchasing an additional 562,991 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EIX. Zacks Research lowered shares of Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. JPMorgan Chase & Co. upped their price target on Edison International from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Jefferies Financial Group reduced their price objective on Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. UBS Group cut Edison International from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $70.00 to $78.00 in a report on Friday. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Edison International has a consensus rating of “Hold” and a consensus price target of $64.10.

Edison International Stock Up 3.4%

Shares of Edison International stock opened at $71.43 on Tuesday. The stock has a 50-day moving average price of $61.45 and a 200 day moving average price of $57.96. The company has a market cap of $27.49 billion, a P/E ratio of 9.34, a P/E/G ratio of 1.05 and a beta of 0.82. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 1.95. Edison International has a 1 year low of $47.73 and a 1 year high of $71.61.

Edison International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Wednesday, January 7th were paid a dividend of $0.8775 per share. This is an increase from Edison International’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Wednesday, January 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.9%. Edison International’s dividend payout ratio (DPR) is 45.88%.

Edison International Company Profile

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.