Edison International (NYSE:EIX) Stock Holdings Lessened by XTX Topco Ltd

XTX Topco Ltd reduced its stake in shares of Edison International (NYSE:EIX) by 82.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,863 shares of the utilities provider’s stock after selling 13,737 shares during the quarter. XTX Topco Ltd’s holdings in Edison International were worth $206,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CreativeOne Wealth LLC acquired a new stake in shares of Edison International during the 1st quarter valued at $230,000. Swedbank AB grew its stake in Edison International by 76.3% in the second quarter. Swedbank AB now owns 446,637 shares of the utilities provider’s stock valued at $32,073,000 after purchasing an additional 193,307 shares in the last quarter. Brookstone Capital Management increased its position in Edison International by 3,503.3% in the 1st quarter. Brookstone Capital Management now owns 135,341 shares of the utilities provider’s stock worth $9,573,000 after purchasing an additional 131,585 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Edison International by 44.9% during the 1st quarter. Intech Investment Management LLC now owns 46,263 shares of the utilities provider’s stock worth $3,272,000 after purchasing an additional 14,346 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Edison International by 14.5% during the 1st quarter. Sei Investments Co. now owns 321,567 shares of the utilities provider’s stock valued at $22,744,000 after buying an additional 40,646 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Trading Up 0.7 %

Shares of Edison International stock opened at $86.81 on Monday. The company has a market cap of $33.52 billion, a price-to-earnings ratio of 38.07, a PEG ratio of 1.99 and a beta of 0.91. Edison International has a 1 year low of $58.82 and a 1 year high of $88.77. The company’s fifty day simple moving average is $83.48 and its 200-day simple moving average is $76.17. 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 (NYSE:EIX) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.12 billion. Edison International had a net margin of 6.60% and a return on equity of 13.01%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 earnings per share. As a group, sell-side analysts expect that Edison International will post 4.97 EPS for the current year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, October 7th will be given a dividend of $0.78 per share. The ex-dividend date is Monday, October 7th. This represents a $3.12 annualized dividend and a dividend yield of 3.59%. Edison International’s dividend payout ratio (DPR) is presently 136.84%.

Insider Activity at Edison International

In other Edison International news, CEO J Andrew Murphy sold 28,995 shares of Edison International stock in a transaction on Friday, July 26th. The stock was sold at an average price of $78.43, for a total transaction of $2,274,077.85. Following the completion of the transaction, the chief executive officer now directly owns 19,660 shares of the company’s stock, valued at $1,541,933.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Edison International news, VP Natalie K. Schilling sold 2,341 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $80.00, for a total transaction of $187,280.00. Following the sale, the vice president now directly owns 6,338 shares of the company’s stock, valued at $507,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO J Andrew Murphy sold 28,995 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $78.43, for a total value of $2,274,077.85. Following the completion of the transaction, the chief executive officer now directly owns 19,660 shares in the company, valued at $1,541,933.80. The disclosure for this sale can be found here. Insiders have sold a total of 89,099 shares of company stock valued at $7,223,342 in the last 90 days. 1.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EIX has been the topic of several recent research reports. Barclays raised their price objective on shares of Edison International from $80.00 to $91.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 4th. Guggenheim raised their price target on shares of Edison International from $80.00 to $83.00 and gave the company a “buy” rating in a report on Friday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $94.00 price objective on shares of Edison International in a research note on Monday, September 16th. 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 research report on Wednesday, September 4th. Finally, Bank of America initiated coverage on Edison International in a research 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, five have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Edison International presently has a consensus rating of “Hold” and an average price target of $86.17.

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.