Edison International (NYSE:EIX) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its position in Edison International (NYSE:EIX - Free Report) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,035 shares of the utilities provider's stock after acquiring an additional 13,820 shares during the quarter. Asset Management One Co. Ltd. owned about 0.05% of Edison International worth $17,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EIX. Highline Wealth Partners LLC purchased a new stake in Edison International during the 3rd quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC purchased a new position in Edison International during the 2nd quarter valued at approximately $27,000. Eastern Bank bought a new position in shares of Edison International during the 3rd quarter valued at approximately $27,000. Country Trust Bank bought a new stake in Edison International in the second quarter worth $29,000. Finally, Farmers & Merchants Investments Inc. increased its holdings in shares of Edison International by 53.8% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 400 shares of the utilities provider's stock worth $29,000 after buying an additional 140 shares during the last quarter. Institutional investors own 88.95% of the company's stock.

Edison International Price Performance

Shares of NYSE:EIX traded down $0.40 during trading on Wednesday, reaching $81.57. The stock had a trading volume of 2,511,766 shares, compared to its average volume of 2,005,915. The stock has a market cap of $31.58 billion, a PE ratio of 24.04, a PEG ratio of 1.88 and a beta of 0.92. Edison International has a 1-year low of $62.21 and a 1-year high of $88.77. The business has a fifty day moving average price of $85.25 and a 200-day moving average price of $79.06. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.38 by $0.13. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.01 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The company's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.38 EPS. On average, equities analysts forecast that Edison International will post 4.94 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, October 7th were given a $0.78 dividend. The ex-dividend date was Monday, October 7th. This represents a $3.12 annualized dividend and a yield of 3.82%. Edison International's dividend payout ratio is presently 91.50%.

Insiders Place Their Bets

In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $83.05, for a total value of $2,127,657.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Edison International news, CEO J Andrew Murphy sold 1,362 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $85.00, for a total value of $115,770.00. Following the completion of the transaction, the chief executive officer now owns 19,850 shares in the company, valued at $1,687,250. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Adam S. Umanoff sold 25,619 shares of Edison International stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $83.05, for a total value of $2,127,657.95. The disclosure for this sale can be found here. Insiders sold a total of 50,878 shares of company stock worth $4,285,422 over the last 90 days. Corporate insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Edison International from $87.00 to $94.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Bank of America started coverage on Edison International in a research report on Thursday, September 12th. They set a "buy" rating and a $95.00 price target for the company. UBS Group increased their price objective on Edison International from $86.00 to $89.00 and gave the company a "neutral" rating in a report on Wednesday, September 4th. Evercore ISI upped their target price on Edison International from $82.00 to $88.00 and gave the company an "outperform" rating in a research report on Wednesday, August 14th. Finally, Guggenheim lifted their price objective on shares of Edison International from $80.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Edison International currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.36.

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.