Edison International (NYSE:EIX) Shares Purchased by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Edison International (NYSE:EIX) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 323,431 shares of the utilities provider’s stock after buying an additional 6,601 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.08% of Edison International worth $23,226,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EIX. Corient Private Wealth LLC grew its holdings in shares of Edison International by 0.3% in the fourth quarter. Corient Private Wealth LLC now owns 61,247 shares of the utilities provider’s stock valued at $4,379,000 after purchasing an additional 175 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in Edison International in the fourth quarter valued at approximately $433,000. US Bancorp DE grew its position in Edison International by 7.3% in the fourth quarter. US Bancorp DE now owns 70,061 shares of the utilities provider’s stock worth $5,009,000 after acquiring an additional 4,740 shares during the period. Advisory Services Network LLC acquired a new stake in Edison International during the fourth quarter worth $193,000. Finally, Cape Investment Advisory Inc. raised its position in Edison International by 13.8% in the fourth quarter. Cape Investment Advisory Inc. now owns 4,420 shares of the utilities provider’s stock valued at $316,000 after purchasing an additional 535 shares during the period. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Edison International

In other Edison International news, CEO J Andrew Murphy sold 23,896 shares of Edison International 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 of the company’s stock, valued at approximately $1,696,182.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Edison International news, VP Natalie K. Schilling sold 2,341 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 6,338 shares of the company’s stock, valued at $507,040. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO J Andrew Murphy sold 23,896 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 19,850 shares of the company’s stock, valued at approximately $1,696,182.50. The disclosure for this sale can be found here. Insiders have sold 89,099 shares of company stock valued at $7,223,342 over the last quarter. 1.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley increased their price target on Edison International from $62.00 to $68.00 and gave the stock an “underweight” rating in a report on Friday, August 23rd. Wells Fargo & Company increased their target price on shares of Edison International from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Evercore ISI boosted their price target on shares of Edison International from $82.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Guggenheim increased their price objective on shares of Edison International from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, UBS Group boosted their target price on Edison International from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $85.83.

Edison International Price Performance

Shares of NYSE EIX opened at $85.43 on Monday. 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 company has a market cap of $32.87 billion, a price-to-earnings ratio of 37.47, a price-to-earnings-growth ratio of 1.99 and a beta of 0.91. The stock’s 50-day moving average is $82.32 and its two-hundred day moving average is $75.58. Edison International has a 1-year low of $58.82 and a 1-year high of $88.77.

Edison International (NYSE:EIX) last released its 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. Edison International had a net margin of 6.60% and a return on equity of 13.01%. The firm had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts forecast that Edison International will post 4.97 EPS for the current fiscal year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 8th were given a dividend of $0.78 per share. The ex-dividend date was Monday, July 8th. This represents a $3.12 annualized dividend and a dividend yield of 3.65%. Edison International’s dividend payout ratio (DPR) is currently 136.84%.

Edison International 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.