Edison International (NYSE:EIX) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its stake in shares of Edison International (NYSE:EIX - Free Report) by 8.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,630 shares of the utilities provider's stock after purchasing an additional 13,236 shares during the period. Rockefeller Capital Management L.P.'s holdings in Edison International were worth $15,118,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Highline Wealth Partners LLC purchased a new stake in shares of Edison International in the third quarter valued at $26,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Edison International during the 2nd quarter worth about $27,000. Eastern Bank acquired a new stake in shares of Edison International in the third quarter worth approximately $27,000. Country Trust Bank purchased a new stake in Edison International in the second quarter valued at approximately $29,000. Finally, Farmers & Merchants Investments Inc. increased its position in Edison International by 53.8% during the second quarter. Farmers & Merchants Investments Inc. now owns 400 shares of the utilities provider's stock worth $29,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company's stock.

Insider Transactions at Edison International

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. Corporate insiders own 1.03% of the company's stock.

Edison International Stock Down 2.2 %

EIX stock traded down $1.97 during trading on Monday, reaching $85.78. The stock had a trading volume of 2,388,425 shares, compared to its average volume of 2,035,838. The company has a market capitalization of $33.21 billion, a P/E ratio of 25.16, a PEG ratio of 2.10 and a beta of 0.92. Edison International has a 1-year low of $63.15 and a 1-year high of $88.77. 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 firm has a fifty day moving average price of $84.88 and a 200 day moving average price of $80.70.

Edison International (NYSE:EIX - Get Free Report) last announced its earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $5.01 billion. During the same period in the prior year, the company posted $1.38 EPS. Edison International's quarterly revenue was up 10.6% on a year-over-year basis. On average, equities analysts anticipate that Edison International will post 4.94 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 7th were paid a $0.78 dividend. The ex-dividend date was Monday, October 7th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.64%. Edison International's dividend payout ratio (DPR) is presently 91.50%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Edison International from $87.00 to $94.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. UBS Group upped their price target on Edison International from $86.00 to $89.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 4th. Argus lifted their price objective on Edison International from $82.00 to $97.00 and gave the company a "buy" rating in a research note on Wednesday, September 11th. Morgan Stanley dropped their target price on shares of Edison International from $74.00 to $72.00 and set an "underweight" rating for the company in a research report on Friday, November 22nd. Finally, Jefferies Financial Group assumed coverage on shares of Edison International in a research report on Thursday, November 7th. They set a "buy" rating and a $93.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Edison International 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.