Loomis Sayles & Co. L P Trims Stock Holdings in Edison International (NYSE:EIX)

Loomis Sayles & Co. L P lowered its holdings in shares of Edison International (NYSE:EIX) by 4.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,425 shares of the utilities provider’s stock after selling 349 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Edison International were worth $673,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Crews Bank & Trust bought a new stake in shares of Edison International during the fourth quarter worth $25,000. Groupama Asset Managment increased its stake in Edison International by 0.8% in the 3rd 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 lifted its holdings in Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after buying an additional 195 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Edison International in the 4th quarter valued at about $33,000. Finally, ST Germain D J Co. Inc. grew its stake 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 worth $34,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on EIX shares. Guggenheim downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lowered their target price on Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Morgan Stanley increased their price target on Edison International from $48.00 to $52.00 and gave the stock an “underweight” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $72.00 price objective on shares of Edison International in a report on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their target price on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Edison International presently has a consensus rating of “Moderate Buy” and an average target price of $76.82.

Edison International Price Performance

Shares of EIX opened at $58.20 on Friday. The company has a 50 day moving average of $55.00 and a two-hundred day moving average of $72.50. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The company has a market cap of $22.41 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.92 billion. As a group, analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 5.69%. Edison International’s dividend payout ratio (DPR) is currently 100.30%.

Edison International Company 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.