Edison International (NYSE:EIX) Shares Bought by KBC Group NV

KBC Group NV increased its position in shares of Edison International (NYSE:EIX - Free Report) by 93.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,578 shares of the utilities provider's stock after purchasing an additional 23,935 shares during the period. KBC Group NV's holdings in Edison International were worth $4,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CreativeOne Wealth LLC acquired a new stake in Edison International in the first quarter valued at approximately $230,000. Swedbank AB raised its position in shares of Edison International by 76.3% in the 2nd quarter. Swedbank AB now owns 446,637 shares of the utilities provider's stock worth $32,073,000 after acquiring an additional 193,307 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Edison International by 150.6% during the first quarter. Janus Henderson Group PLC now owns 169,742 shares of the utilities provider's stock valued at $12,004,000 after acquiring an additional 102,000 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Edison International by 165.5% during the first quarter. Ameritas Investment Partners Inc. now owns 11,309 shares of the utilities provider's stock worth $800,000 after purchasing an additional 7,050 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in Edison International by 88.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 19,265 shares of the utilities provider's stock valued at $1,363,000 after purchasing an additional 9,044 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Insider Activity at Edison International

In other news, VP Adam S. Umanoff sold 25,619 shares of the company's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $83.05, for a total transaction of $2,127,657.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO J Andrew Murphy sold 23,896 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $85.45, for a total value of $2,041,913.20. Following the completion of the sale, the chief executive officer now owns 19,850 shares of the company's stock, valued at approximately $1,696,182.50. This represents a 54.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,878 shares of company stock worth $4,285,422 over the last quarter. Company insiders own 1.03% of the company's stock.

Edison International Stock Up 0.5 %

Shares of EIX stock traded up $0.42 during midday trading on Monday, reaching $84.10. 1,456,441 shares of the stock were exchanged, compared to its average volume of 2,023,272. The firm has a market cap of $32.56 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 2.00 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. The company's 50 day moving average is $84.55 and its two-hundred day moving average is $79.72. Edison International has a 1 year low of $63.15 and a 1 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 EPS for the quarter, beating the consensus estimate of $1.38 by $0.13. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the firm posted $1.38 earnings per share. The company's revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 7th were given a dividend of $0.78 per share. 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 3.71%. Edison International's dividend payout ratio (DPR) is 91.50%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Guggenheim raised their price target on shares of Edison International from $80.00 to $83.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Bank of America assumed coverage on shares of Edison International in a report on Thursday, September 12th. They set a "buy" rating and a $95.00 price objective for the company. UBS Group increased their target price on shares of Edison International from $86.00 to $89.00 and gave the company a "neutral" rating in a research report on Wednesday, September 4th. 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 report on Wednesday, September 11th. Finally, Royal Bank of Canada increased their price objective on Edison International from $94.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Edison International currently has an average rating of "Moderate Buy" and a consensus price target of $88.75.

Edison International 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.