Natixis Advisors LLC Purchases 10,912 Shares of Edison International (NYSE:EIX)

Natixis Advisors LLC increased its holdings in shares of Edison International (NYSE:EIX) by 7.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 161,923 shares of the utilities provider’s stock after purchasing an additional 10,912 shares during the period. Natixis Advisors LLC’s holdings in Edison International were worth $12,928,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. lifted its holdings in shares of Edison International by 2.6% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider’s stock worth $550,000 after buying an additional 174 shares during the last quarter. Bleakley Financial Group LLC increased its position in Edison International by 2.9% during the fourth quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider’s stock worth $503,000 after acquiring an additional 176 shares during the period. Old Port Advisors raised its stake in Edison International by 0.9% during the 4th quarter. Old Port Advisors now owns 19,292 shares of the utilities provider’s stock valued at $1,540,000 after purchasing an additional 180 shares during the last quarter. Larson Financial Group LLC boosted 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 valued at $31,000 after purchasing an additional 195 shares during the period. Finally, Centre Asset Management LLC grew its position in Edison International by 8.1% in the 4th quarter. Centre Asset Management LLC now owns 2,656 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 199 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

NYSE EIX opened at $58.53 on Thursday. The firm has a market cap of $22.54 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.07 and a beta of 0.87. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. Edison International has a 1-year low of $49.06 and a 1-year high of $88.77. The company has a 50 day moving average of $55.58 and a 200-day moving average of $73.91.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, February 27th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.03). Edison International had a return on equity of 13.17% and a net margin of 8.52%. The business had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $3.92 billion. On average, equities analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

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 $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date is Monday, April 7th. Edison International’s dividend payout ratio is presently 100.30%.

Wall Street Analyst Weigh In

EIX has been the subject of a number of research analyst reports. Barclays cut their price objective on shares of Edison International from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective on the stock in a research report on Wednesday, January 15th. UBS Group raised Edison International from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $69.00 to $65.00 in a research report on Tuesday, February 18th. Finally, Morgan Stanley lowered their price target on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $76.54.

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.