Edison International (NYSE:EIX) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in shares of Edison International (NYSE:EIX - Free Report) by 117.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 781,736 shares of the utilities provider's stock after buying an additional 422,752 shares during the period. Robeco Institutional Asset Management B.V. owned 0.20% of Edison International worth $68,081,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in EIX. CreativeOne Wealth LLC purchased a new position in shares of Edison International during the first quarter valued at approximately $230,000. Swedbank AB grew its position in shares of Edison International by 76.3% in the second quarter. Swedbank AB now owns 446,637 shares of the utilities provider's stock valued at $32,073,000 after purchasing an additional 193,307 shares during the period. Intech Investment Management LLC increased its stake in Edison International by 44.9% in the first quarter. Intech Investment Management LLC now owns 46,263 shares of the utilities provider's stock valued at $3,272,000 after purchasing an additional 14,346 shares during the last quarter. Sei Investments Co. lifted its position in Edison International by 14.5% during the first quarter. Sei Investments Co. now owns 321,567 shares of the utilities provider's stock worth $22,744,000 after buying an additional 40,646 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in Edison International by 150.6% in the 1st quarter. Janus Henderson Group PLC now owns 169,742 shares of the utilities provider's stock worth $12,004,000 after buying an additional 102,000 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Stock Up 0.9 %

NYSE EIX traded up $0.75 on Tuesday, reaching $81.75. The company had a trading volume of 1,047,504 shares, compared to its average volume of 1,999,604. The firm has a market capitalization of $31.65 billion, a PE ratio of 23.75, a P/E/G ratio of 1.89 and a beta of 0.92. The firm has a 50-day moving average of $85.31 and a 200-day moving average of $78.98. Edison International has a 1 year low of $62.21 and a 1 year high of $88.77. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81.

Edison International (NYSE:EIX - Get Free Report) last released 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 business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period last year, the business earned $1.38 EPS. The business's revenue was up 10.6% on a year-over-year basis. On average, equities research analysts anticipate that Edison International will post 4.94 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Monday, October 7th. Edison International's dividend payout ratio is currently 91.50%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Edison International from $89.00 to $91.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Morgan Stanley boosted their price objective on shares of Edison International from $68.00 to $72.00 and gave the company an "underweight" rating in a research note on Wednesday, September 25th. Royal Bank of Canada increased their target price on Edison International from $94.00 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. Evercore ISI boosted their price target on Edison International from $82.00 to $88.00 and gave the company an "outperform" rating in a research report on Wednesday, August 14th. Finally, Argus raised their price objective on Edison International from $82.00 to $97.00 and gave the stock a "buy" rating in a report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Edison International currently has an average rating of "Moderate Buy" and a consensus target price of $88.36.

Insider Buying and Selling at Edison International

In related news, CEO J Andrew Murphy sold 1,362 shares of Edison International stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $85.00, for a total value of $115,770.00. Following the completion of the sale, the chief executive officer now owns 19,850 shares in the company, valued at approximately $1,687,250. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of Edison International 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO J Andrew Murphy sold 1,362 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $85.00, for a total transaction of $115,770.00. Following the sale, the chief executive officer now directly owns 19,850 shares of the company's stock, valued at approximately $1,687,250. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,877 shares of company stock worth $4,285,341 in the last 90 days. 1.20% of the stock is owned by corporate insiders.

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.