Commonwealth Equity Services LLC Acquires 405 Shares of Edison International (NYSE:EIX)

Commonwealth Equity Services LLC raised its stake in shares of Edison International (NYSE:EIX – Get Rating) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,608 shares of the utilities provider’s stock after acquiring an additional 405 shares during the period. Commonwealth Equity Services LLC’s holdings in Edison International were worth $7,736,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Securian Asset Management Inc. boosted its position in shares of Edison International by 0.5% during the 4th quarter. Securian Asset Management Inc. now owns 31,240 shares of the utilities provider’s stock valued at $1,987,000 after acquiring an additional 169 shares during the last quarter. Lido Advisors LLC increased its position in Edison International by 5.0% during the third quarter. Lido Advisors LLC now owns 3,738 shares of the utilities provider’s stock valued at $211,000 after acquiring an additional 178 shares during the last quarter. CWM LLC increased its position in Edison International by 3.2% during the fourth quarter. CWM LLC now owns 6,158 shares of the utilities provider’s stock valued at $392,000 after acquiring an additional 189 shares during the last quarter. Putnam Investments LLC grew its position in shares of Edison International by 0.4% during the third quarter. Putnam Investments LLC now owns 54,485 shares of the utilities provider’s stock worth $3,083,000 after purchasing an additional 205 shares in the last quarter. Finally, Wetherby Asset Management Inc. grew its position in shares of Edison International by 5.1% during the first quarter. Wetherby Asset Management Inc. now owns 5,122 shares of the utilities provider’s stock worth $359,000 after purchasing an additional 247 shares in the last quarter. 87.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EIX. Citigroup increased their price target on Edison International from $79.00 to $86.00 in a research note on Thursday, May 4th. Wells Fargo & Company boosted their price target on Edison International from $73.00 to $77.00 and gave the company an “equal weight” rating in a research note on Monday, April 10th. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 target price on shares of Edison International in a research note on Monday, March 6th. LADENBURG THALM/SH SH began coverage on Edison International in a report on Monday, April 3rd. They issued a “sell” rating and a $66.00 price target for the company. Finally, Mizuho lifted their target price on Edison International from $67.00 to $73.00 and gave the company a “neutral” rating in a research report on Monday, April 10th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $73.00.

Insider Activity at Edison International

In other news, SVP J Andrew Murphy sold 22,471 shares of the firm’s stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of $72.03, for a total value of $1,618,586.13. Following the transaction, the senior vice president now directly owns 12,989 shares in the company, valued at approximately $935,597.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.03% of the company’s stock.

Edison International Stock Down 0.2 %

Shares of Edison International stock opened at $73.39 on Tuesday. The business’s fifty day moving average price is $70.34 and its two-hundred day moving average price is $66.66. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.86 and a quick ratio of 0.80. The company has a market capitalization of $28.11 billion, a P/E ratio of 33.51, a PEG ratio of 3.98 and a beta of 0.80. Edison International has a 1-year low of $54.45 and a 1-year high of $74.92.

Edison International (NYSE:EIX – Get Rating) last issued its earnings results on Tuesday, May 2nd. The utilities provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. Edison International had a return on equity of 12.48% and a net margin of 6.12%. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts forecast that Edison International will post 4.74 EPS for the current year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Friday, March 31st were paid a $0.7375 dividend. The ex-dividend date was Thursday, March 30th. This represents a $2.95 annualized dividend and a dividend yield of 4.02%. Edison International’s dividend payout ratio is currently 134.70%.

Edison International Company Profile

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Edison International is a renewable energy company, which through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies. The company was founded on July 4, 1886, and is headquartered in Rosemead, CA.