National Bank of Canada FI Buys 91,489 Shares of Edison International (NYSE:EIX)

National Bank of Canada FI increased its position in shares of Edison International (NYSE:EIX - Free Report) by 67.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,971 shares of the utilities provider's stock after acquiring an additional 91,489 shares during the quarter. National Bank of Canada FI owned 0.06% of Edison International worth $19,767,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Lake Street Advisors Group LLC boosted its position in Edison International by 4.3% during the 3rd quarter. Lake Street Advisors Group LLC now owns 3,015 shares of the utilities provider's stock worth $263,000 after acquiring an additional 124 shares during the period. Baker Tilly Wealth Management LLC boosted its holdings in shares of Edison International by 2.8% during the third quarter. Baker Tilly Wealth Management LLC now owns 4,779 shares of the utilities provider's stock worth $416,000 after purchasing an additional 129 shares during the period. SFE Investment Counsel grew its position in Edison International by 0.3% during the third quarter. SFE Investment Counsel now owns 42,730 shares of the utilities provider's stock valued at $3,721,000 after purchasing an additional 130 shares in the last quarter. Equitable Trust Co. increased its stake in Edison International by 0.9% in the 2nd quarter. Equitable Trust Co. now owns 15,424 shares of the utilities provider's stock valued at $1,108,000 after buying an additional 132 shares during the period. Finally, TIAA Trust National Association increased its stake in Edison International by 2.0% in the 2nd quarter. TIAA Trust National Association now owns 6,723 shares of the utilities provider's stock valued at $483,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Stock Performance

Shares of EIX traded down $0.22 during mid-day trading on Tuesday, hitting $82.80. The company's stock had a trading volume of 2,430,043 shares, compared to its average volume of 2,036,463. The stock's 50-day moving average is $84.67 and its two-hundred day moving average is $80.99. The firm has a market capitalization of $32.05 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 2.01 and a beta of 0.92. 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 $63.15 and a one year high of $88.77.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly earnings results 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. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the prior year, the firm earned $1.38 EPS. The business's revenue was up 10.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The company also recently disclosed 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 of this dividend was Monday, October 7th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.77%. Edison International's dividend payout ratio is currently 91.50%.

Insiders Place Their Bets

In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of the business'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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EIX shares. Royal Bank of Canada upped their price target on shares of Edison International from $94.00 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, October 4th. UBS Group upped their target price on Edison International from $86.00 to $89.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 4th. Morgan Stanley lowered their price target on Edison International from $74.00 to $72.00 and set an "underweight" rating for the company in a research note on Friday, November 22nd. Argus raised their price objective on shares of Edison International from $82.00 to $97.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. Finally, Bank of America started coverage on shares of Edison International in a research report on Thursday, September 12th. They issued a "buy" rating and a $95.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Edison International currently has a consensus 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.