Nomura Holdings Inc. Acquires Shares of 12,669 Edison International (NYSE:EIX)

Nomura Holdings Inc. acquired a new stake in shares of Edison International (NYSE:EIX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 12,669 shares of the utilities provider’s stock, valued at approximately $1,011,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EIX. Barclays PLC boosted its holdings in shares of Edison International by 16.9% during the 3rd quarter. Barclays PLC now owns 918,489 shares of the utilities provider’s stock valued at $79,991,000 after purchasing an additional 132,749 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Edison International by 119.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 30,014 shares of the utilities provider’s stock valued at $2,396,000 after purchasing an additional 16,362 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Edison International by 10.8% during the 4th quarter. Park Avenue Securities LLC now owns 3,004 shares of the utilities provider’s stock valued at $240,000 after purchasing an additional 294 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of Edison International during the 4th quarter valued at about $235,000. Finally, Sanibel Captiva Trust Company Inc. boosted its holdings in shares of Edison International by 9.5% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 6,255 shares of the utilities provider’s stock valued at $499,000 after purchasing an additional 545 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

Edison International stock opened at $58.62 on Monday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. 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 $22.55 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77. The company’s 50-day moving average is $56.81 and its 200 day moving average is $65.07.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the company posted $1.13 EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Research analysts forecast 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 given a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date was Monday, April 7th. Edison International’s dividend payout ratio (DPR) is currently 46.95%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Morgan Stanley reissued an “overweight” rating on shares of Edison International in a report on Wednesday, April 23rd. Mizuho lowered their price target on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. UBS Group raised shares of Edison International from a “neutral” rating to a “buy” rating and lowered their price target for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Guggenheim downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Finally, Barclays increased their price target on shares of Edison International from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.96.

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.