Candriam Luxembourg S.C.A. Sells 17,589 Shares of Edison International (NYSE:EIX)

Candriam Luxembourg S.C.A. lowered its position in Edison International (NYSE:EIX) by 21.9% during the 4th quarter, HoldingsChannel reports. The firm owned 62,638 shares of the utilities provider’s stock after selling 17,589 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Edison International were worth $4,724,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC increased its holdings in shares of Edison International by 19.2% in the third quarter. Wedge Capital Management L L P NC now owns 259,777 shares of the utilities provider’s stock worth $19,592,000 after purchasing an additional 41,808 shares during the period. Chevy Chase Trust Holdings Inc. increased its holdings in shares of Edison International by 10.0% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 299,029 shares of the utilities provider’s stock worth $22,552,000 after purchasing an additional 27,064 shares during the period. California State Teachers Retirement System increased its holdings in shares of Edison International by 9.3% in the third quarter. California State Teachers Retirement System now owns 615,337 shares of the utilities provider’s stock worth $46,409,000 after purchasing an additional 52,475 shares during the period. National Pension Service increased its holdings in shares of Edison International by 5.5% in the third quarter. National Pension Service now owns 406,311 shares of the utilities provider’s stock worth $30,644,000 after purchasing an additional 21,065 shares during the period. Finally, Voloridge Investment Management LLC increased its holdings in shares of Edison International by 582.8% in the third quarter. Voloridge Investment Management LLC now owns 103,435 shares of the utilities provider’s stock worth $7,801,000 after purchasing an additional 88,287 shares during the period. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Edison International from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 20th. SunTrust Banks increased their target price on Edison International from $83.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. TheStreet cut Edison International from a “b-” rating to a “c” rating in a research note on Tuesday, November 26th. Zacks Investment Research cut Edison International from a “buy” rating to a “hold” rating and set a $78.00 target price on the stock. in a research note on Tuesday, December 17th. Finally, Bank of America set a $73.00 target price on Edison International and gave the company a “hold” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $79.90.

EIX opened at $77.14 on Friday. The stock has a market cap of $27.74 billion, a PE ratio of 16.67, a P/E/G ratio of 3.15 and a beta of 0.13. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.11. Edison International has a 52 week low of $57.63 and a 52 week high of $78.93. The business’s fifty day simple moving average is $76.29 and its 200 day simple moving average is $72.72.

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.6375 dividend. This represents a $2.55 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Monday, December 30th. This is a boost from Edison International’s previous quarterly dividend of $0.61. Edison International’s dividend payout ratio is currently 61.45%.

Edison International 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.

See Also: What is the accumulation/distribution indicator?

Want to see what other hedge funds are holding EIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Edison International (NYSE:EIX).

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

Receive News & Ratings for Edison International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edison International and related companies with MarketBeat.com's FREE daily email newsletter.