ProShare Advisors LLC Has $7.21 Million Holdings in Edison International (NYSE:EIX)

ProShare Advisors LLC increased its position in shares of Edison International (NYSE:EIX) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,442 shares of the utilities provider’s stock after purchasing an additional 1,457 shares during the quarter. ProShare Advisors LLC’s holdings in Edison International were worth $7,213,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of EIX. Profund Advisors LLC lifted its holdings in shares of Edison International by 48.4% during the 2nd quarter. Profund Advisors LLC now owns 21,246 shares of the utilities provider’s stock worth $1,526,000 after acquiring an additional 6,934 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in Edison International by 2.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 323,431 shares of the utilities provider’s stock valued at $23,226,000 after purchasing an additional 6,601 shares in the last quarter. Ensign Peak Advisors Inc lifted its stake in Edison International by 11.1% during the second quarter. Ensign Peak Advisors Inc now owns 276,059 shares of the utilities provider’s stock worth $19,824,000 after purchasing an additional 27,595 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Edison International by 8.2% in the 2nd quarter. Sei Investments Co. now owns 347,813 shares of the utilities provider’s stock valued at $24,976,000 after purchasing an additional 26,246 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in shares of Edison International by 206.5% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 222,581 shares of the utilities provider’s stock valued at $15,984,000 after purchasing an additional 149,951 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Edison International

In other Edison International news, CEO J Andrew Murphy sold 23,896 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $85.45, for a total transaction of $2,041,913.20. Following the completion of the sale, the chief executive officer now directly owns 19,850 shares in the company, valued at approximately $1,696,182.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Natalie K. Schilling sold 2,341 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $80.00, for a total transaction of $187,280.00. Following the transaction, the vice president now owns 6,338 shares in the company, valued at approximately $507,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO J Andrew Murphy sold 23,896 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $85.45, for a total transaction of $2,041,913.20. Following the transaction, the chief executive officer now directly owns 19,850 shares in the company, valued at $1,696,182.50. The disclosure for this sale can be found here. Insiders have sold a total of 89,099 shares of company stock worth $7,223,342 over the last quarter. Company insiders own 1.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EIX shares. Argus upped their price objective on Edison International from $82.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. UBS Group increased their target price on shares of Edison International from $86.00 to $89.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Barclays upped their price objective on shares of Edison International from $80.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 4th. Wells Fargo & Company raised their target price on shares of Edison International from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Evercore ISI upped their price target on shares of Edison International from $82.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $85.83.

Edison International Trading Down 0.2 %

NYSE EIX opened at $85.94 on Wednesday. The firm has a market capitalization of $33.07 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 1.99 and a beta of 0.91. The business’s 50-day moving average price is $82.82 and its two-hundred day moving average price is $75.81. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 2.04. Edison International has a 12 month low of $58.82 and a 12 month high of $88.77.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 25th. The utilities provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. Edison International had a return on equity of 13.01% and a net margin of 6.60%. The business had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. On average, analysts expect that Edison International will post 4.97 EPS for the current year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, October 7th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Monday, October 7th. Edison International’s dividend payout ratio is presently 136.84%.

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.