Edison International (NYSE:EIX) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lowered its position in shares of Edison International (NYSE:EIX) by 0.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 130,887 shares of the utilities provider’s stock after selling 602 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Edison International were worth $10,450,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Crews Bank & Trust purchased a new position in Edison International in the fourth quarter worth approximately $25,000. Groupama Asset Managment grew its holdings in shares of Edison International by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 237 shares during the period. Larson Financial Group LLC increased its position in shares of Edison International by 125.0% during 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 last quarter. Sierra Ocean LLC purchased a new stake in Edison International in the 4th quarter valued at about $33,000. Finally, ST Germain D J Co. Inc. boosted its stake in Edison International by 88.1% during the fourth quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock worth $34,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Trading Up 1.6 %

NYSE EIX opened at $58.20 on Monday. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77. The firm has a 50 day moving average of $55.00 and a two-hundred day moving average of $72.42. The stock has a market capitalization of $22.41 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. 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 issued its earnings results on Thursday, February 27th. The utilities provider reported $1.05 EPS 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 analyst estimates of $3.92 billion. As a group, research analysts expect that Edison International will post 4.95 EPS for the current fiscal 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 given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend is Monday, April 7th. Edison International’s dividend payout ratio (DPR) is presently 100.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and reduced their price target for the company from $69.00 to $65.00 in a research note on Tuesday, February 18th. Guggenheim lowered Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a research note on Wednesday, January 15th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $72.00 price objective on shares of Edison International in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group lowered their target price on Edison International from $88.00 to $68.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $76.82.

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.