Sage Capital Advisors llc Acquires Shares of 2,745 Edison International (NYSE:EIX)

Sage Capital Advisors llc bought a new stake in Edison International (NYSE:EIX) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 2,745 shares of the utilities provider’s stock, valued at approximately $239,000.

Other large investors have also recently made changes to their positions in the company. Able Wealth Management LLC acquired a new position in shares of Edison International in the 4th quarter valued at $25,000. Ashton Thomas Private Wealth LLC purchased a new stake in Edison International in the 2nd quarter worth $27,000. Global Trust Asset Management LLC purchased a new stake in Edison International in the 1st quarter worth $28,000. Country Trust Bank purchased a new stake in Edison International in the 2nd quarter worth $29,000. Finally, Farmers & Merchants Investments Inc. increased its holdings in Edison International by 53.8% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 400 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 140 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EIX. Barclays upped their target price on shares of Edison International from $80.00 to $91.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 4th. UBS Group boosted their price target on shares of Edison International from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Guggenheim boosted their price target on shares of Edison International from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Bank of America started coverage on shares of Edison International in a research report on Thursday, September 12th. They set a “buy” rating and a $95.00 price target on the stock. Finally, Royal Bank of Canada boosted their price target on shares of Edison International from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $86.67.

Insider Buying and Selling

In other Edison International news, CEO J Andrew Murphy sold 28,995 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 19,660 shares of the company’s stock, valued at approximately $1,541,933.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 owns 19,660 shares of the company’s stock, valued at $1,541,933.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Natalie K. Schilling sold 2,341 shares of Edison International stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $80.00, for a total value of $187,280.00. Following the transaction, the vice president now directly owns 6,338 shares of the company’s stock, valued at $507,040. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,099 shares of company stock valued at $7,223,342 over the last three months. 1.03% of the stock is currently owned by company insiders.

Edison International Stock Up 0.3 %

EIX stock opened at $84.89 on Wednesday. The company’s 50 day moving average price is $84.69 and its 200 day moving average price is $76.90. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.96 and a current ratio of 1.03. Edison International has a fifty-two week low of $61.48 and a fifty-two week high of $88.77. The firm has a market capitalization of $32.66 billion, a price-to-earnings ratio of 37.23, a PEG ratio of 2.02 and a beta of 0.91.

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

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, October 7th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Monday, October 7th. Edison International’s dividend payout ratio is presently 136.84%.

Edison International Company 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.