Stifel Financial Corp Acquires 15,181 Shares of Edison International (NYSE:EIX)

Stifel Financial Corp increased its stake in shares of Edison International (NYSE:EIX - Free Report) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 309,716 shares of the utilities provider's stock after buying an additional 15,181 shares during the quarter. Stifel Financial Corp owned about 0.08% of Edison International worth $26,973,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. CWM LLC boosted its position in shares of Edison International by 19.0% during the second quarter. CWM LLC now owns 11,687 shares of the utilities provider's stock worth $839,000 after buying an additional 1,867 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Edison International by 9.1% during the second quarter. QRG Capital Management Inc. now owns 16,035 shares of the utilities provider's stock valued at $1,151,000 after purchasing an additional 1,342 shares during the period. Czech National Bank raised its stake in shares of Edison International by 8.6% during the second quarter. Czech National Bank now owns 73,318 shares of the utilities provider's stock valued at $5,265,000 after purchasing an additional 5,829 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Edison International by 4.7% in the second quarter. Sequoia Financial Advisors LLC now owns 7,456 shares of the utilities provider's stock worth $535,000 after purchasing an additional 338 shares during the period. Finally, Silvia Mccoll Wealth Management LLC bought a new position in Edison International in the 2nd quarter valued at about $202,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Trading Down 1.1 %

Shares of EIX stock traded down $0.93 during trading hours on Monday, reaching $83.02. 1,718,572 shares of the stock traded hands, compared to its average volume of 2,034,802. The business has a fifty day moving average price of $84.75 and a 200 day moving average price of $80.93. Edison International has a 1-year low of $63.15 and a 1-year high of $88.77. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $32.14 billion, a PE ratio of 24.62, a PEG ratio of 2.01 and a beta of 0.92.

Edison International (NYSE:EIX - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the prior year, the company earned $1.38 earnings per share. The company's revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts forecast that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 7th were issued 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 3.76%. Edison International's dividend payout ratio is 91.50%.

Insider Transactions at Edison International

In related news, VP Adam S. Umanoff sold 25,619 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $83.05, for a total transaction of $2,127,657.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of Edison International from $89.00 to $91.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Argus lifted their price target on Edison International from $82.00 to $97.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. Evercore ISI upped their price objective on Edison International from $82.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, August 14th. Morgan Stanley lowered their target price on Edison International from $74.00 to $72.00 and set an "underweight" rating on the stock in a report on Friday, November 22nd. Finally, Bank of America assumed coverage on shares of Edison International in a report on Thursday, September 12th. They issued a "buy" rating and a $95.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Edison International currently has an average rating of "Moderate Buy" and an average 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.