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

Mn Services Vermogensbeheer B.V. lifted its position in Edison International (NYSE:EIX) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,500 shares of the utilities provider’s stock after buying 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 SEC filing.

Other large investors have also made changes to their positions in the company. Crews Bank & Trust bought a new stake in shares of Edison International in the 4th quarter valued at $25,000. Larson Financial Group LLC boosted its stake in Edison International by 125.0% in the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 195 shares during the period. Prospera Private Wealth LLC acquired a new position in Edison International in the 3rd quarter worth $32,000. Darwin Wealth Management LLC acquired a new position in Edison International in the 3rd quarter worth $35,000. Finally, Sierra Ocean LLC acquired a new position in Edison International in the 4th quarter worth $33,000. Institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EIX shares. Wells Fargo & Company reduced their target price on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday. Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $72.00 target price on shares of Edison International in a research note on Wednesday, February 12th. Jefferies Financial Group started coverage on shares of Edison International in a research note on Thursday, November 7th. They issued a “buy” rating and a $93.00 target price for the company. Finally, Morgan Stanley reduced their target price on shares of Edison International from $71.00 to $48.00 and set an “underweight” rating for the company in a research note on Friday, February 14th. One equities research 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. According to data from MarketBeat.com, Edison International currently has an average rating of “Moderate Buy” and a consensus price target of $78.75.

Edison International Stock Up 6.0 %

Shares of EIX stock opened at $54.45 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The firm’s 50-day moving average is $61.38 and its 200-day moving average is $76.50. The stock has a market cap of $21.08 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 1.07 and a beta of 0.90. 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 earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03). The firm had revenue of $17.60 billion during the quarter, compared to the consensus estimate of $3.92 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Sell-side analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 7th will be issued a $0.8275 dividend. The ex-dividend date is Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 6.08%. Edison International’s payout ratio is 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.