Edison International (NYSE:EIX) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its position in shares of Edison International (NYSE:EIX) by 46.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 filing with the SEC.

A number of other large investors have also modified their holdings of the company. Crews Bank & Trust bought a new position in Edison International in the 4th quarter worth about $25,000. Groupama Asset Managment boosted its position in shares of Edison International by 0.8% during the third quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after buying an additional 237 shares during the period. Larson Financial Group LLC grew its holdings in Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after buying an additional 195 shares in the last quarter. Sierra Ocean LLC bought a new position in Edison International in the 4th quarter worth approximately $33,000. Finally, ST Germain D J Co. Inc. increased its position in 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 valued at $34,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target for the company in a research note on Wednesday, January 15th. Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Barclays dropped their price target on shares of Edison International from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Mizuho decreased their price objective on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $72.00 price objective 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.82.

Edison International Price Performance

Shares of NYSE:EIX opened at $58.59 on Tuesday. The stock has a fifty day moving average of $55.27 and a 200-day moving average of $73.20. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The company has a market capitalization of $22.56 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. Edison International has a one year low of $49.06 and a one year high of $88.77.

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

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 7th will be paid a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio (DPR) is currently 100.30%.

Edison International 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.