Deutsche Bank AG Sells 385,804 Shares of Edison International (NYSE:EIX)

Deutsche Bank AG cut its position in Edison International (NYSE:EIX) by 8.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,320,821 shares of the utilities provider’s stock after selling 385,804 shares during the period. Deutsche Bank AG’s holdings in Edison International were worth $344,974,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Crews Bank & Trust acquired a new position in shares of Edison International during the 4th quarter worth about $25,000. Sierra Ocean LLC bought a new stake in Edison International in the fourth quarter valued at approximately $33,000. ST Germain D J Co. Inc. lifted its holdings in Edison International by 88.1% during 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 last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Edison International by 285.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 420 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 311 shares during the last quarter. Finally, Bellwether Advisors LLC bought a new position in shares of Edison International in the fourth quarter valued at about $34,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on EIX. The Goldman Sachs Group decreased their price target on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Wells Fargo & Company dropped their price target on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Guggenheim cut Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective on the stock in a research note on Wednesday, January 15th. Finally, UBS Group raised Edison International from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.96.

Edison International Price Performance

Shares of Edison International stock opened at $56.20 on Friday. The company’s fifty day simple moving average is $56.67 and its two-hundred day simple moving average is $66.47. Edison International has a 12-month low of $49.06 and a 12-month high of $88.77. The firm has a market cap of $21.62 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77. 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 data on Tuesday, April 29th. The utilities provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.21 by $0.16. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the firm posted $1.13 earnings per share. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. As a group, equities analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, April 7th were issued a $0.8275 dividend. The ex-dividend date was Monday, April 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.89%. Edison International’s payout ratio is currently 46.95%.

Edison International Company 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.