Edison International (NYSE:EIX) Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI raised its stake in shares of Edison International (NYSE:EIX) by 17.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,865 shares of the utilities provider’s stock after purchasing an additional 433 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Edison International were worth $229,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EIX. Farther Finance Advisors LLC boosted its holdings in Edison International by 26.4% in the third quarter. Farther Finance Advisors LLC now owns 1,433 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 299 shares during the last quarter. Intact Investment Management Inc. purchased a new stake in shares of Edison International during the 3rd quarter worth about $73,000. Asset Management One Co. Ltd. increased its position in Edison International by 7.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 199,035 shares of the utilities provider’s stock worth $17,334,000 after purchasing an additional 13,820 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Edison International by 13.5% in the third quarter. QRG Capital Management Inc. now owns 18,196 shares of the utilities provider’s stock valued at $1,585,000 after buying an additional 2,161 shares during the period. Finally, Centennial Wealth Advisory LLC lifted its position in Edison International by 3.3% during the third quarter. Centennial Wealth Advisory LLC now owns 5,378 shares of the utilities provider’s stock valued at $468,000 after buying an additional 172 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

EIX stock opened at $55.22 on Thursday. The stock’s 50 day simple moving average is $59.88 and its 200 day simple moving average is $75.87. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The firm has a market cap of $21.38 billion, a P/E ratio of 16.19, a P/E/G ratio of 1.07 and a beta of 0.90. 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 (NYSE:EIX) last issued its earnings results 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 for the quarter, compared to analyst estimates of $3.92 billion. As a group, equities research analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be paid a dividend of $0.8275 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.99%. Edison International’s payout ratio is currently 100.30%.

Wall Street Analyst Weigh In

EIX has been the topic of a number of research reports. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and cut their target price for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $72.00 price objective on shares of Edison International in a research report on Wednesday, February 12th. Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Jefferies Financial Group initiated coverage on Edison International in a research report on Thursday, November 7th. They set a “buy” rating and a $93.00 price target on the stock. Finally, The Goldman Sachs Group lowered their price objective on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.