Boston Partners increased its stake in shares of Edison International (NYSE:EIX) by 3.0% in the 2nd quarter, Holdings Channel reports. The firm owned 5,075,296 shares of the utilities provider’s stock after purchasing an additional 145,785 shares during the period. Boston Partners’ holdings in Edison International were worth $321,114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC acquired a new position in shares of Edison International during the 1st quarter worth about $102,000. Kiley Juergens Wealth Management LLC acquired a new position in shares of Edison International during the 2nd quarter worth about $110,000. Adviser Investments LLC acquired a new position in shares of Edison International during the 1st quarter worth about $152,000. Summit Trail Advisors LLC raised its position in shares of Edison International by 15,304.3% during the 1st quarter. Summit Trail Advisors LLC now owns 176,687 shares of the utilities provider’s stock worth $177,000 after purchasing an additional 175,540 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Edison International by 416.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,045 shares of the utilities provider’s stock valued at $177,000 after acquiring an additional 2,455 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

EIX stock opened at $67.42 on Friday. The stock has a market capitalization of $22.00 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 2.84 and a beta of 0.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.66 and a quick ratio of 0.61. Edison International has a 12 month low of $57.63 and a 12 month high of $83.38.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Thursday, July 26th. The utilities provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.01. Edison International had a net margin of 4.34% and a return on equity of 10.27%. The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. sell-side analysts expect that Edison International will post 4.07 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Monday, July 2nd were paid a $0.605 dividend. The ex-dividend date was Friday, June 29th. This represents a $2.42 annualized dividend and a dividend yield of 3.59%. Edison International’s dividend payout ratio (DPR) is 53.78%.

EIX has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on shares of Edison International from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Monday, April 16th. Citigroup increased their price objective on shares of Edison International from $66.00 to $72.00 and gave the company a “hold” rating in a report on Tuesday, May 1st. ValuEngine downgraded shares of Edison International from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Edison International from a “sell” rating to a “hold” rating in a report on Thursday, May 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Edison International from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, June 1st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $75.06.

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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