Cullen Frost Bankers Inc. Grows Stock Holdings in Edison International (NYSE:EIX)

Cullen Frost Bankers Inc. grew its holdings in Edison International (NYSE:EIX) by 107.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 755 shares of the utilities provider’s stock after purchasing an additional 391 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Edison International were worth $60,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EIX. Crews Bank & Trust bought a new position in shares of Edison International during the 4th quarter worth approximately $25,000. Groupama Asset Managment increased its stake in Edison International by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 237 shares in the last quarter. Larson Financial Group LLC increased its stake in Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 195 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in Edison International during the 3rd quarter valued at approximately $32,000. Finally, Sierra Ocean LLC acquired a new position in Edison International during the 4th quarter valued at approximately $33,000. Institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on EIX shares. Wells Fargo & Company cut their price target on shares of Edison International from $94.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. UBS Group raised shares of 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. Mizuho dropped their price objective on shares of Edison International from $75.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group lowered their price target on shares of Edison International from $88.00 to $68.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $76.54.

Edison International Price Performance

Shares of NYSE EIX opened at $56.46 on Monday. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77. The stock has a market capitalization of $21.74 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. The firm has a 50-day simple moving average of $58.91 and a 200-day simple moving average of $75.41. 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 released its quarterly earnings data on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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. On average, equities analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 yield of 5.86%. The ex-dividend date is Monday, April 7th. Edison International’s payout ratio is currently 100.30%.

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.