Edison International (NYSE:EIX) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. raised its position in shares of Edison International (NYSE:EIX - Free Report) by 102.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,114 shares of the utilities provider's stock after buying an additional 19,303 shares during the period. Edgestream Partners L.P.'s holdings in Edison International were worth $3,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. FMR LLC boosted its holdings in Edison International by 8.7% during the 3rd quarter. FMR LLC now owns 21,800,874 shares of the utilities provider's stock valued at $1,898,638,000 after acquiring an additional 1,741,835 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Edison International by 0.5% in the second quarter. Clearbridge Investments LLC now owns 5,015,988 shares of the utilities provider's stock valued at $360,198,000 after purchasing an additional 24,834 shares in the last quarter. American Century Companies Inc. increased its stake in Edison International by 1.8% during the 2nd quarter. American Century Companies Inc. now owns 3,864,399 shares of the utilities provider's stock worth $277,503,000 after buying an additional 67,089 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Edison International by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,340,116 shares of the utilities provider's stock worth $203,801,000 after buying an additional 28,240 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in Edison International by 10.1% in the 2nd quarter. Hsbc Holdings PLC now owns 2,073,569 shares of the utilities provider's stock valued at $148,768,000 after buying an additional 190,026 shares during the period. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Stock Performance

Shares of EIX traded down $1.97 during midday trading on Monday, reaching $85.78. 2,388,425 shares of the stock were exchanged, compared to its average volume of 2,035,838. Edison International has a twelve month low of $63.15 and a twelve month high of $88.77. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The company has a market capitalization of $33.21 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 2.10 and a beta of 0.92. The business's 50-day moving average price is $84.88 and its 200 day moving average price is $80.70.

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

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, October 7th were paid a $0.78 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $3.12 dividend on an annualized basis and a yield of 3.64%. Edison International's dividend payout ratio is presently 91.50%.

Insider Buying and Selling at Edison International

In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of Edison International stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $83.05, for a total value of $2,127,657.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on EIX shares. Bank of America started coverage on Edison International in a research note on Thursday, September 12th. They issued a "buy" rating and a $95.00 price objective on the stock. Argus lifted their price objective on Edison International from $82.00 to $97.00 and gave the company a "buy" rating in a research note on Wednesday, September 11th. Morgan Stanley cut their target price on shares of Edison International from $74.00 to $72.00 and set an "underweight" rating on the stock in a research note on Friday, November 22nd. UBS Group lifted their price target on shares of Edison International from $86.00 to $89.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 4th. Finally, Evercore ISI raised their price objective on shares of Edison International from $82.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $88.75.

About Edison International

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.