Edison International Target of Unusually High Options Trading (NYSE:EIX)

Edison International (NYSE:EIX - Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock investors purchased 9,339 call options on the company. This represents an increase of approximately 49% compared to the typical volume of 6,264 call options.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. The Goldman Sachs Group reduced their price objective on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Barclays reduced their price target on shares of Edison International from $67.00 to $65.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Wells Fargo & Company cut their price objective on Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $72.00 target price on shares of Edison International in a research report on Wednesday, February 12th. Finally, Mizuho dropped their price objective on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Edison International currently has a consensus rating of "Moderate Buy" and an average price target of $76.82.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Swedbank AB boosted its position in shares of Edison International by 3.3% in the 4th quarter. Swedbank AB now owns 523,433 shares of the utilities provider's stock valued at $41,791,000 after purchasing an additional 16,614 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in Edison International during the 4th quarter worth approximately $235,000. KBC Group NV raised its stake in Edison International by 23.7% during the 4th quarter. KBC Group NV now owns 61,342 shares of the utilities provider's stock valued at $4,898,000 after purchasing an additional 11,764 shares during the period. abrdn plc grew its holdings in shares of Edison International by 19.5% during the fourth quarter. abrdn plc now owns 1,695,182 shares of the utilities provider's stock valued at $134,335,000 after buying an additional 276,656 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Edison International by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,416,770 shares of the utilities provider's stock valued at $192,955,000 after buying an additional 76,654 shares during the period. Institutional investors own 88.95% of the company's stock.

Edison International Price Performance

NYSE EIX traded down $0.38 on Monday, reaching $53.54. 4,909,759 shares of the stock traded hands, compared to its average volume of 2,897,406. Edison International has a 12 month low of $49.06 and a 12 month high of $88.77. The company has a market cap of $20.61 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.07 and a beta of 0.74. The firm's fifty day simple moving average is $54.84 and its 200 day simple moving average is $71.45. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX - Get Free Report) last released its earnings results on Thursday, February 27th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.03). Edison International had a return on equity of 13.17% and a net margin of 8.52%. The firm had revenue of $17.60 billion for the quarter, compared to analyst estimates of $3.92 billion. As a group, research analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 7th will be issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date is Monday, April 7th. Edison International's payout ratio is 100.30%.

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.