CWA Asset Management Group LLC Acquires Shares of 15,461 Edison International (NYSE:EIX)

CWA Asset Management Group LLC bought a new position in Edison International (NYSE:EIX - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,461 shares of the utilities provider's stock, valued at approximately $1,347,000.

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

Insider Transactions at Edison International

In other news, CEO J Andrew Murphy sold 1,362 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $85.00, for a total transaction of $115,770.00. Following the transaction, the chief executive officer now owns 19,850 shares in the company, valued at approximately $1,687,250. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO J Andrew Murphy sold 1,362 shares of Edison International stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $85.00, for a total transaction of $115,770.00. Following the sale, the chief executive officer now owns 19,850 shares of the company's stock, valued at approximately $1,687,250. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Adam S. Umanoff sold 25,619 shares of the company's stock in a transaction on Thursday, October 31st. The shares were 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. Over the last quarter, insiders have sold 50,878 shares of company stock worth $4,285,422. Insiders own 1.03% of the company's stock.

Edison International Stock Up 2.0 %

NYSE EIX traded up $1.65 during trading on Friday, hitting $83.10. 2,050,741 shares of the company traded hands, compared to its average volume of 2,130,567. Edison International has a 12 month low of $62.21 and a 12 month high of $88.77. The business has a fifty day simple moving average of $84.99 and a 200 day simple moving average of $79.24. The company has a market capitalization of $32.17 billion, a P/E ratio of 24.37, a PEG ratio of 1.93 and a beta of 0.92. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.13. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.01 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The company's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.38 earnings per share. As a group, sell-side analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders 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 dividend yield of 3.75%. Edison International's dividend payout ratio is 91.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EIX shares. Morgan Stanley boosted their price target on shares of Edison International from $68.00 to $72.00 and gave the stock an "underweight" rating in a research report on Wednesday, September 25th. Argus lifted their price target on shares of Edison International from $82.00 to $97.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th. Wells Fargo & Company increased their price objective on Edison International from $87.00 to $94.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Evercore ISI lifted their target price on Edison International from $82.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, August 14th. Finally, Barclays increased their price target on Edison International from $89.00 to $91.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $88.75.

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.