Edison International (NYSE:EIX) Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its stake in shares of Edison International (NYSE:EIXGet Rating) by 2.6% in the first quarter, Holdings Channel.com reports. The fund owned 32,617 shares of the utilities provider’s stock after buying an additional 832 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Edison International were worth $2,286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Godsey & Gibb Associates acquired a new stake in shares of Edison International during the 1st quarter valued at $25,000. San Luis Wealth Advisors LLC acquired a new stake in Edison International during the 1st quarter valued at $25,000. Prospera Financial Services Inc acquired a new stake in Edison International during the 1st quarter valued at $27,000. Riverview Trust Co acquired a new stake in Edison International during the 1st quarter valued at $33,000. Finally, CVA Family Office LLC raised its stake in Edison International by 144.7% during the 1st quarter. CVA Family Office LLC now owns 465 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 275 shares during the period. Institutional investors and hedge funds own 87.21% of the company’s stock.

Edison International Trading Down 0.5 %

Edison International stock opened at $67.96 on Monday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.61 and a quick ratio of 0.56. Edison International has a one year low of $54.98 and a one year high of $73.32. The company’s fifty day moving average price is $65.77 and its two-hundred day moving average price is $66.47. The company has a market capitalization of $25.92 billion, a price-to-earnings ratio of 51.48, a PEG ratio of 5.31 and a beta of 0.68.

Edison International (NYSE:EIXGet Rating) last released its quarterly earnings results on Thursday, July 28th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Edison International had a net margin of 3.63% and a return on equity of 12.42%. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the prior year, the company earned $0.94 earnings per share. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, analysts forecast that Edison International will post 4.42 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Thursday, September 29th. Edison International’s dividend payout ratio (DPR) is 212.12%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EIX. Morgan Stanley upped their price target on shares of Edison International from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 23rd. Evercore ISI dropped their price target on shares of Edison International to $71.00 in a research note on Tuesday, August 9th. UBS Group dropped their price target on shares of Edison International from $73.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday, June 30th. Mizuho lowered their target price on shares of Edison International from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 24th. Finally, Barclays lowered their target price on shares of Edison International from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Edison International presently has a consensus rating of “Hold” and an average price target of $73.22.

Edison International Company Profile

(Get Rating)

Edison International, through its subsidiaries, generates and distributes electric power. It delivers electricity to 15 million residential, commercial, industrial, public authorities, agricultural, and other customers across Southern, Central, and Coastal California. The company also provides energy solutions to commercial and industrial users.

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Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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