Edison International (NYSE:EIX) Stock Position Increased by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC raised its holdings in Edison International (NYSE:EIX - Free Report) by 76.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 438,067 shares of the utilities provider's stock after acquiring an additional 189,972 shares during the period. Worldquant Millennium Advisors LLC owned 0.11% of Edison International worth $38,151,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Lake Street Advisors Group LLC increased its stake in Edison International by 4.3% in the third quarter. Lake Street Advisors Group LLC now owns 3,015 shares of the utilities provider's stock valued at $263,000 after purchasing an additional 124 shares during the last quarter. Baker Tilly Wealth Management LLC increased its stake in shares of Edison International by 2.8% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 4,779 shares of the utilities provider's stock valued at $416,000 after acquiring an additional 129 shares during the last quarter. SFE Investment Counsel lifted its holdings in shares of Edison International by 0.3% during the 3rd quarter. SFE Investment Counsel now owns 42,730 shares of the utilities provider's stock worth $3,721,000 after acquiring an additional 130 shares during the period. Equitable Trust Co. boosted its position in shares of Edison International by 0.9% in the second quarter. Equitable Trust Co. now owns 15,424 shares of the utilities provider's stock worth $1,108,000 after acquiring an additional 132 shares during the last quarter. Finally, TIAA Trust National Association grew its holdings in Edison International by 2.0% in the second quarter. TIAA Trust National Association now owns 6,723 shares of the utilities provider's stock valued at $483,000 after purchasing an additional 134 shares during the period. Hedge funds and other institutional investors own 88.95% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EIX shares. Jefferies Financial Group assumed coverage on shares of Edison International in a research note on Thursday, November 7th. They set a "buy" rating and a $93.00 price target on the stock. Bank of America initiated coverage on Edison International in a report on Thursday, September 12th. They issued a "buy" rating and a $95.00 target price on the stock. Wells Fargo & Company boosted their price target on Edison International from $87.00 to $94.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Barclays raised their price objective on Edison International from $89.00 to $91.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Finally, Argus boosted their target price on Edison International from $82.00 to $97.00 and gave the stock a "buy" rating in a report on Wednesday, September 11th. One equities research 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $88.75.

Insider Transactions at Edison International

In related news, VP Adam S. Umanoff sold 25,619 shares of the firm's 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 legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.03% of the company's stock.

Edison International Stock Down 1.1 %

Shares of EIX stock traded down $0.97 on Friday, hitting $83.95. The stock had a trading volume of 2,041,160 shares, compared to its average volume of 2,181,558. The stock's 50 day moving average is $84.81 and its 200-day moving average is $80.81. The firm has a market capitalization of $32.50 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 2.02 and a beta of 0.92. Edison International has a 52-week low of $63.15 and a 52-week high of $88.77. 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 (NYSE:EIX - Get Free Report) last announced its earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $5.01 billion. During the same period last year, the firm earned $1.38 earnings per share. The company's revenue was up 10.6% on a year-over-year basis. As a group, research analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, October 7th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $3.12 dividend on an annualized basis and a yield of 3.72%. Edison International's dividend payout ratio (DPR) is 91.50%.

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.