Norinchukin Bank The Has $1.64 Million Holdings in Edison International (NYSE:EIX)

Norinchukin Bank The lifted its position in Edison International (NYSE:EIX) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,492 shares of the utilities provider’s stock after buying an additional 3,062 shares during the quarter. Norinchukin Bank The’s holdings in Edison International were worth $1,636,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Edison International by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 48,589,777 shares of the utilities provider’s stock valued at $3,879,408,000 after purchasing an additional 1,559,501 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Edison International by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 9,983,519 shares of the utilities provider’s stock worth $795,123,000 after acquiring an additional 362,999 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Edison International by 1.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,133,574 shares of the utilities provider’s stock valued at $409,865,000 after acquiring an additional 50,451 shares in the last quarter. Invesco Ltd. boosted its holdings in Edison International by 38.2% during the 4th quarter. Invesco Ltd. now owns 4,816,638 shares of the utilities provider’s stock worth $384,560,000 after acquiring an additional 1,331,941 shares during the last quarter. Finally, Norges Bank bought a new position in Edison International in the 4th quarter valued at $323,443,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

EIX opened at $57.37 on Monday. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The firm has a market capitalization of $22.09 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. The stock’s 50 day moving average price is $55.47 and its two-hundred day moving average price is $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 (NYSE:EIX) last announced its quarterly 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 net margin of 8.52% and a return on equity of 13.17%. The firm had revenue of $17.60 billion during the quarter, compared to analyst estimates of $3.92 billion. On average, equities analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 5.77%. The ex-dividend date is Monday, April 7th. Edison International’s payout ratio is presently 100.30%.

Wall Street Analyst Weigh In

EIX has been the topic of several recent analyst reports. 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. Guggenheim lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Mizuho reduced their price target on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Wells Fargo & Company decreased 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 note on Friday, February 28th. Finally, Barclays dropped their price objective on shares of Edison International from $65.00 to $64.00 and set an “overweight” rating for the company in a research note 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 stock. According to data from MarketBeat.com, Edison International currently has an average rating of “Moderate Buy” and a consensus target price of $76.75.

Edison International Profile

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.