Van Lanschot Kempen Investment Management N.V. Grows Stock Holdings in Edison International (NYSE:EIX)

Van Lanschot Kempen Investment Management N.V. grew its stake in shares of Edison International (NYSE:EIX) by 44.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,841 shares of the utilities provider’s stock after acquiring an additional 26,286 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Edison International were worth $6,774,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Jamison Private Wealth Management Inc. grew its holdings in Edison International by 2.6% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 6,887 shares of the utilities provider’s stock valued at $550,000 after buying an additional 174 shares in the last quarter. Bleakley Financial Group LLC grew its stake in Edison International by 2.9% during the fourth quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider’s stock valued at $503,000 after acquiring an additional 176 shares in the last quarter. Old Port Advisors increased its holdings in Edison International by 0.9% during the 4th quarter. Old Port Advisors now owns 19,292 shares of the utilities provider’s stock worth $1,540,000 after acquiring an additional 180 shares during the period. Centre Asset Management LLC lifted its stake in Edison International by 8.1% in the 4th quarter. Centre Asset Management LLC now owns 2,656 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 199 shares in the last quarter. Finally, ST Germain D J Co. Inc. boosted its holdings 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 valued at $34,000 after purchasing an additional 200 shares during the period. 88.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company lowered their price objective on Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $72.00 price objective on shares of Edison International in a research report on Wednesday, February 12th. Mizuho decreased their target price on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. The Goldman Sachs Group cut their price target 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, March 4th. Finally, UBS Group upgraded Edison International from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. One investment 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. Based on data from MarketBeat.com, Edison International currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.75.

Edison International Trading Down 2.7 %

Shares of EIX opened at $55.82 on Tuesday. Edison International has a 1-year low of $49.06 and a 1-year high of $88.77. The firm has a market capitalization of $21.49 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 1.07 and a beta of 0.74. The firm’s 50-day moving average price is $55.53 and its 200-day moving average price is $68.77. 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 posted 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 firm had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Sell-side analysts anticipate that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The firm 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 dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date of this dividend is Monday, April 7th. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

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.