Achmea Investment Management B.V. Has $11.30 Million Stake in Edison International (NYSE:EIX)

Achmea Investment Management B.V. lifted its position in shares of Edison International (NYSE:EIX) by 1.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 141,575 shares of the utilities provider’s stock after purchasing an additional 2,050 shares during the quarter. Achmea Investment Management B.V.’s holdings in Edison International were worth $11,304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp lifted its stake in Edison International by 0.7% in the 3rd quarter. State Street Corp now owns 32,549,936 shares of the utilities provider’s stock valued at $2,834,774,000 after acquiring an additional 224,337 shares in the last quarter. FMR LLC raised its holdings in shares of Edison International by 8.7% in the third quarter. FMR LLC now owns 21,800,874 shares of the utilities provider’s stock valued at $1,898,638,000 after purchasing an additional 1,741,835 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Edison International by 2.2% in the third quarter. Geode Capital Management LLC now owns 9,620,520 shares of the utilities provider’s stock worth $835,142,000 after purchasing an additional 210,461 shares in the last quarter. Amundi boosted its holdings in Edison International by 0.3% during the fourth quarter. Amundi now owns 3,118,404 shares of the utilities provider’s stock worth $248,973,000 after purchasing an additional 10,396 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Edison International by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,620,122 shares of the utilities provider’s stock valued at $209,191,000 after purchasing an additional 32,391 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Price Performance

Shares of EIX opened at $55.86 on Friday. The company’s 50-day moving average is $57.02 and its 200-day moving average is $74.75. 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 firm has a market capitalization of $21.51 billion, a PE ratio of 16.38, a PEG ratio of 1.07 and a beta of 0.87. Edison International has a fifty-two week low of $49.06 and a fifty-two week high of $88.77.

Edison International (NYSE:EIX) last announced its quarterly earnings results 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 during 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 forecast that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be issued a dividend of $0.8275 per share. The ex-dividend date is Monday, April 7th. This represents a $3.31 annualized dividend and a yield of 5.93%. Edison International’s payout ratio is currently 100.30%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Mizuho cut their price target on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. UBS Group raised Edison International from a “neutral” rating to a “buy” rating and lowered their target price for the company from $69.00 to $65.00 in a research report on Tuesday, February 18th. The Goldman Sachs Group reduced their price target on Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Guggenheim lowered Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley dropped their price objective on Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.