Edison International (NYSE:EIX) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its position in shares of Edison International (NYSE:EIX) by 206.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,581 shares of the utilities provider’s stock after acquiring an additional 149,951 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.06% of Edison International worth $15,984,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EIX. Able Wealth Management LLC acquired a new stake in shares of Edison International in the fourth quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Edison International in the second quarter valued at approximately $27,000. Global Trust Asset Management LLC acquired a new stake in shares of Edison International in the first quarter valued at approximately $28,000. Country Trust Bank acquired a new stake in shares of Edison International in the second quarter valued at approximately $29,000. Finally, Farmers & Merchants Investments Inc. increased its holdings in shares of Edison International by 53.8% in the second quarter. Farmers & Merchants Investments Inc. now owns 400 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on EIX. Barclays raised their target price on Edison International from $80.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 4th. Morgan Stanley raised their target price on Edison International from $62.00 to $68.00 and gave the stock an “underweight” rating in a research note on Friday, August 23rd. Royal Bank of Canada restated an “outperform” rating and set a $94.00 price target on shares of Edison International in a research report on Monday, September 16th. Wells Fargo & Company raised their price target on Edison International from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, UBS Group raised their price target on Edison International from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $85.83.

Insider Buying and Selling at Edison International

In other news, VP Natalie K. Schilling sold 2,341 shares of Edison International stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $80.00, for a total transaction of $187,280.00. Following the sale, the vice president now owns 6,338 shares in the company, valued at $507,040. 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 32,505 shares of Edison International stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $80.12, for a total transaction of $2,604,300.60. Following the sale, the chief executive officer now owns 19,660 shares in the company, valued at $1,575,159.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Natalie K. Schilling sold 2,341 shares of Edison International stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $80.00, for a total value of $187,280.00. Following the sale, the vice president now owns 6,338 shares in the company, valued at approximately $507,040. 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 ninety days. Corporate insiders own 1.03% of the company’s stock.

Edison International Stock Up 1.5 %

Edison International stock opened at $85.43 on Friday. Edison International has a 1-year low of $58.82 and a 1-year high of $88.77. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.03 and a quick ratio of 0.96. The stock has a market cap of $32.99 billion, a PE ratio of 37.47, a P/E/G ratio of 1.99 and a beta of 0.91. The stock’s fifty day moving average is $82.32 and its two-hundred day moving average is $75.47.

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, beating analysts’ consensus estimates of $1.05 by $0.18. Edison International had a return on equity of 13.01% and a net margin of 6.60%. The company had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the firm earned $1.01 earnings per share. Edison International’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts expect that Edison International will post 4.97 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 8th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Monday, July 8th. 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.