Edison International (NYSE:EIX) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC boosted its position in shares of Edison International (NYSE:EIX - Free Report) by 11.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,008 shares of the utilities provider's stock after purchasing an additional 9,108 shares during the quarter. Metis Global Partners LLC's holdings in Edison International were worth $7,665,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EIX. KBC Group NV boosted its position in Edison International by 93.3% during the 3rd quarter. KBC Group NV now owns 49,578 shares of the utilities provider's stock valued at $4,318,000 after acquiring an additional 23,935 shares in the last quarter. Huntington National Bank boosted its position in Edison International by 30.8% during the 3rd quarter. Huntington National Bank now owns 5,013 shares of the utilities provider's stock valued at $437,000 after acquiring an additional 1,179 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Edison International by 3.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,892 shares of the utilities provider's stock valued at $949,000 after acquiring an additional 407 shares in the last quarter. Victory Capital Management Inc. boosted its position in Edison International by 6.0% during the 3rd quarter. Victory Capital Management Inc. now owns 519,330 shares of the utilities provider's stock valued at $45,228,000 after acquiring an additional 29,554 shares in the last quarter. Finally, First Heartland Consultants Inc. bought a new stake in Edison International during the 3rd quarter valued at $212,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EIX shares. Guggenheim raised their price objective on Edison International from $80.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Argus raised their target price on Edison International from $82.00 to $97.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. Evercore ISI raised their target price on Edison International from $82.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 14th. Morgan Stanley raised their target price on Edison International from $68.00 to $72.00 and gave the stock an "underweight" rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company raised their target price on Edison International from $87.00 to $94.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.75.

Insider Buying and Selling

In related news, VP Adam S. Umanoff sold 25,619 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $83.05, for a total transaction of $2,127,657.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO J Andrew Murphy sold 1,362 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $85.00, for a total transaction of $115,770.00. Following the completion of the transaction, the chief executive officer now owns 19,850 shares in the company, valued at $1,687,250. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,878 shares of company stock worth $4,285,422. Insiders own 1.03% of the company's stock.

Edison International Price Performance

Shares of Edison International stock traded down $0.04 on Thursday, hitting $82.14. The company's stock had a trading volume of 1,867,173 shares, compared to its average volume of 2,013,193. 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 1 year low of $63.15 and a 1 year high of $88.77. The firm has a fifty day moving average price of $84.72 and a 200-day moving average price of $79.50. The company has a market capitalization of $31.80 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 1.98 and a beta of 0.92.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.01 billion. During the same period in the previous year, the firm posted $1.38 EPS. Edison International's revenue was up 10.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 7th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.80%. The ex-dividend date was Monday, October 7th. Edison International's payout ratio is 91.50%.

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.