Ameritas Advisory Services LLC Buys 9,612 Shares of Edison International (NYSE:EIX)

Ameritas Advisory Services LLC raised its stake in shares of Edison International (NYSE:EIX - Free Report) by 54.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,200 shares of the utilities provider's stock after acquiring an additional 9,612 shares during the period. Ameritas Advisory Services LLC's holdings in Edison International were worth $2,172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Edison International by 8.7% in the 3rd quarter. FMR LLC now owns 21,800,874 shares of the utilities provider's stock worth $1,898,638,000 after buying an additional 1,741,835 shares during the last quarter. abrdn plc increased its stake in shares of Edison International by 166.4% in the third quarter. abrdn plc now owns 1,418,526 shares of the utilities provider's stock worth $123,149,000 after purchasing an additional 885,955 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Edison International by 117.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 781,736 shares of the utilities provider's stock valued at $68,081,000 after purchasing an additional 422,752 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Edison International by 595.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 318,672 shares of the utilities provider's stock valued at $22,884,000 after buying an additional 272,876 shares in the last quarter. Finally, State Street Corp boosted its holdings in Edison International by 0.7% in the 3rd quarter. State Street Corp now owns 32,549,936 shares of the utilities provider's stock worth $2,834,774,000 after buying an additional 224,337 shares during the period. Hedge funds and other institutional investors own 88.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EIX shares. LADENBURG THALM/SH SH upgraded Edison International from a "sell" rating to a "neutral" rating and set a $56.50 target price on the stock in a research report on Wednesday, January 15th. UBS Group dropped their price objective on Edison International from $87.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Jefferies Financial Group began coverage on Edison International in a report on Thursday, November 7th. They set a "buy" rating and a $93.00 target price for the company. Royal Bank of Canada upped their price target on Edison International from $94.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, October 4th. Finally, Barclays reduced their price objective on shares of Edison International from $84.00 to $76.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. 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. Based on data from MarketBeat, Edison International presently has an average rating of "Moderate Buy" and a consensus target price of $83.58.

Insider Activity

In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company's stock.

Edison International Price Performance

NYSE:EIX traded down $0.46 during mid-day trading on Tuesday, reaching $62.24. The stock had a trading volume of 5,985,450 shares, compared to its average volume of 7,578,771. The stock has a market capitalization of $24.10 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.29 and a beta of 0.93. The firm has a 50 day moving average price of $79.08 and a two-hundred day moving average price of $81.35. 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 has a one year low of $55.27 and a one year high of $88.77.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) 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 net margin of 8.52% and a return on equity of 13.17%. The firm's revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 EPS. As a group, analysts expect that Edison International will post 4.94 earnings per share for the current year.

Edison International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th will be paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend is Tuesday, January 7th. This is a positive change from Edison International's previous quarterly dividend of $0.78. Edison International's payout ratio is 97.07%.

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.