Mn Services Vermogensbeheer B.V. Buys 2,500 Shares of Edison International (NYSE:EIX)

Mn Services Vermogensbeheer B.V. raised its stake in Edison International (NYSE:EIX) by 1.7% during the 4th quarter, Holdings Channel reports. The fund owned 149,500 shares of the utilities provider’s stock after acquiring an additional 2,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Edison International were worth $11,936,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. AMF Tjanstepension AB increased its holdings in shares of Edison International by 9.8% during the third quarter. AMF Tjanstepension AB now owns 271,365 shares of the utilities provider’s stock worth $23,662,000 after purchasing an additional 24,208 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Edison International by 5.2% during the third quarter. New York State Teachers Retirement System now owns 390,144 shares of the utilities provider’s stock worth $33,978,000 after purchasing an additional 19,196 shares during the period. First Trust Direct Indexing L.P. increased its holdings in shares of Edison International by 10.8% during the third quarter. First Trust Direct Indexing L.P. now owns 9,535 shares of the utilities provider’s stock worth $830,000 after purchasing an additional 932 shares during the period. Pinnacle Associates Ltd. bought a new position in shares of Edison International during the third quarter worth approximately $308,000. Finally, US Bancorp DE boosted its position in shares of Edison International by 1.2% during the 3rd quarter. US Bancorp DE now owns 61,744 shares of the utilities provider’s stock worth $5,377,000 after acquiring an additional 743 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a research report on Wednesday, January 15th. Morgan Stanley cut their target price on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating on the stock in a research report on Friday, February 14th. Barclays cut their target price on shares of Edison International from $76.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group started coverage on shares of Edison International in a research report on Thursday, November 7th. They issued a “buy” rating and a $93.00 target price on the stock. Finally, Wells Fargo & Company cut their target price on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Edison International has a consensus rating of “Moderate Buy” and a consensus target price of $78.75.

Edison International Price Performance

Shares of NYSE:EIX opened at $54.45 on Friday. The firm has a market cap of $21.08 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90. The firm’s fifty day moving average is $61.38 and its 200-day moving average is $76.50. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77.

Edison International (NYSE:EIX) last issued 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). 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. Sell-side analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The company also recently announced 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. This represents a $3.31 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend is Monday, April 7th. Edison International’s dividend payout ratio is presently 97.07%.

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.