Norinchukin Bank The Purchases 3,062 Shares of Edison International (NYSE:EIX)

Norinchukin Bank The increased its holdings in shares of Edison International (NYSE:EIX) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,492 shares of the utilities provider’s stock after acquiring an additional 3,062 shares during the period. Norinchukin Bank The’s holdings in Edison International were worth $1,636,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Crews Bank & Trust bought a new stake in shares of Edison International in the 4th quarter valued at $25,000. Sierra Ocean LLC bought a new position in shares of Edison International in the fourth quarter valued at $33,000. ST Germain D J Co. Inc. increased its stake in shares of Edison International by 88.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in shares of Edison International by 285.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider’s stock valued at $34,000 after buying an additional 311 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Edison International by 171.5% in the fourth quarter. Versant Capital Management Inc now owns 448 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 283 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Edison International Price Performance

EIX stock opened at $57.37 on Monday. The business has a 50 day moving average price of $55.47 and a 200 day moving average price of $68.98. 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 fifty-two week low of $49.06 and a fifty-two week high of $88.77. The stock has a market cap of $22.09 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 1.07 and a beta of 0.74.

Edison International (NYSE:EIX) last posted its quarterly earnings data 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 for 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 research analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be given 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 5.77%. Edison International’s dividend payout ratio (DPR) is 100.30%.

Wall Street Analyst Weigh In

EIX has been the topic of several analyst reports. 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. The Goldman Sachs Group reduced their price target on Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $72.00 target price on shares of Edison International in a research note on Wednesday, February 12th. Morgan Stanley increased their target price on shares of Edison International from $48.00 to $52.00 and gave the stock an “underweight” rating in a research note on Thursday, March 20th. Finally, Barclays lowered their target price on shares of Edison International from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $76.75.

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.