Edison International (NYSE:EIX) Position Reduced by Deutsche Bank AG

Deutsche Bank AG cut its position in shares of Edison International (NYSE:EIX) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,789,949 shares of the utilities provider’s stock after selling 160,549 shares during the quarter. Deutsche Bank AG owned 0.86% of Edison International worth $158,377,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Enlightenment Research LLC bought a new stake in Edison International in the fourth quarter valued at $28,000. Essex Investment Management Co. LLC acquired a new position in shares of Edison International during the fourth quarter valued at $28,000. Liberty Wealth Management LLC acquired a new position in shares of Edison International during the fourth quarter valued at $29,000. Rehmann Capital Advisory Group increased its holdings in shares of Edison International by 57.2% during the fourth quarter. Rehmann Capital Advisory Group now owns 547 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 199 shares during the period. Finally, Karp Capital Management Corp acquired a new position in shares of Edison International during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Shares of Edison International stock traded up $0.58 during trading on Wednesday, hitting $64.20. 1,417,000 shares of the stock traded hands, compared to its average volume of 2,644,019. The firm has a market cap of $20.56 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 2.18 and a beta of -0.06. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.62 and a quick ratio of 0.57. Edison International has a twelve month low of $45.50 and a twelve month high of $71.00.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, February 28th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.06). The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.90 billion. Edison International had a negative net margin of 2.45% and a positive return on equity of 10.47%. During the same quarter in the prior year, the firm earned $1.10 earnings per share. As a group, equities research analysts predict that Edison International will post 4.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be issued a $0.6125 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $2.45 annualized dividend and a yield of 3.82%. Edison International’s dividend payout ratio (DPR) is currently 59.04%.

A number of research analysts recently issued reports on EIX shares. Zacks Investment Research lowered Edison International from a “hold” rating to a “sell” rating in a report on Monday, April 15th. Wells Fargo & Co lifted their target price on Edison International from $65.00 to $75.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. SunTrust Banks lifted their target price on Edison International to $77.00 and gave the stock a “positive” rating in a report on Monday, April 15th. Barclays reissued a “hold” rating and issued a $65.00 price target on shares of Edison International in a research note on Friday, February 15th. Finally, Mizuho lifted their price target on Edison International from $57.00 to $66.50 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $70.14.

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Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

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Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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