Janney Montgomery Scott LLC Acquires 682 Shares of Edison International (NYSE:EIX)

Janney Montgomery Scott LLC raised its holdings in shares of Edison International (NYSE:EIX) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,614 shares of the utilities provider’s stock after purchasing an additional 682 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Edison International were worth $7,315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in EIX. Nisa Investment Advisors LLC lifted its holdings in shares of Edison International by 1.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 31,406 shares of the utilities provider’s stock valued at $2,507,000 after acquiring an additional 524 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Edison International by 6.0% in the 4th quarter. Atomi Financial Group Inc. now owns 4,620 shares of the utilities provider’s stock valued at $369,000 after purchasing an additional 260 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Edison International by 1.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 19,579 shares of the utilities provider’s stock worth $1,563,000 after purchasing an additional 350 shares during the period. Ballentine Partners LLC increased its position in shares of Edison International by 18.6% during the 4th quarter. Ballentine Partners LLC now owns 2,733 shares of the utilities provider’s stock valued at $218,000 after purchasing an additional 428 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its holdings in Edison International by 54.7% during the 4th quarter. Ameritas Advisory Services LLC now owns 27,200 shares of the utilities provider’s stock valued at $2,172,000 after buying an additional 9,612 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $83.05, for a total transaction of $2,127,657.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.03% of the stock is owned by company insiders.

Edison International Stock Performance

Shares of Edison International stock opened at $56.02 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The stock’s fifty day moving average price is $76.66 and its 200-day moving average price is $80.87. The firm has a market cap of $21.69 billion, a P/E ratio of 16.43, a P/E/G ratio of 1.20 and a beta of 0.93. Edison International has a 12 month low of $55.27 and a 12 month high of $88.77.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.38 by $0.13. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the previous year, the business posted $1.38 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts expect that Edison International will post 4.94 earnings per share for the current fiscal year.

Edison International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 7th will be paid a $0.8275 dividend. This is an increase from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date is Tuesday, January 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.91%. Edison International’s payout ratio is 97.07%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EIX. UBS Group cut their price objective on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays cut their price target on shares of Edison International from $76.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a research note on Wednesday, January 15th. Royal Bank of Canada upped their target price on Edison International from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Finally, Morgan Stanley decreased their price target on Edison International from $74.00 to $72.00 and set an “underweight” rating for the company in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Edison International has an average rating of “Moderate Buy” and an average price target of $82.88.

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.