First American Trust FSB Has $300,000 Stake in Edison International (EIX)

First American Trust FSB trimmed its position in Edison International (NYSE:EIX) by 90.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,743 shares of the utilities provider’s stock after selling 44,957 shares during the period. First American Trust FSB’s holdings in Edison International were worth $300,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Edison International by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 27,363,702 shares of the utilities provider’s stock valued at $2,139,568,000 after buying an additional 487,713 shares in the last quarter. BlackRock Inc. lifted its position in shares of Edison International by 1.1% during the 2nd quarter. BlackRock Inc. now owns 24,659,823 shares of the utilities provider’s stock valued at $1,928,152,000 after buying an additional 270,625 shares in the last quarter. FIL Ltd lifted its position in shares of Edison International by 12.1% during the 2nd quarter. FIL Ltd now owns 2,789,016 shares of the utilities provider’s stock valued at $218,073,000 after buying an additional 301,131 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Edison International by 5.8% during the 3rd quarter. Legal & General Group Plc now owns 2,750,911 shares of the utilities provider’s stock valued at $212,288,000 after buying an additional 149,780 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Edison International by 30.3% during the 3rd quarter. Wells Fargo & Company MN now owns 2,572,937 shares of the utilities provider’s stock valued at $198,553,000 after buying an additional 598,402 shares in the last quarter. 93.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of Edison International (NYSE EIX) traded down $0.14 on Friday, reaching $61.60. The company had a trading volume of 4,414,936 shares, compared to its average volume of 3,815,758. The company has a market cap of $20,372.97 and a P/E ratio of 13.91. Edison International has a 52 week low of $60.64 and a 52 week high of $83.38. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.47.

Edison International (NYSE:EIX) last released its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.10. Edison International had a return on equity of 10.84% and a net margin of 13.18%. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the previous year, the company posted $1.29 EPS. The company’s revenue was down 2.5% compared to the same quarter last year. equities research analysts predict that Edison International will post 4.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were paid a $0.605 dividend. This is an increase from Edison International’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.42 dividend on an annualized basis and a yield of 3.93%. Edison International’s payout ratio is presently 54.63%.

In other Edison International news, insider Ronald L. Litzinger sold 224,718 shares of Edison International stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $82.00, for a total value of $18,426,876.00. Following the sale, the insider now owns 14,121 shares of the company’s stock, valued at approximately $1,157,922. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

A number of research analysts have recently weighed in on the company. UBS Group assumed coverage on Edison International in a research report on Friday. They set a “neutral” rating and a $67.00 price objective on the stock. ValuEngine cut Edison International from a “buy” rating to a “hold” rating in a research report on Friday. Citigroup reaffirmed a “hold” rating and set a $66.00 price objective on shares of Edison International in a research report on Monday, January 22nd. Zacks Investment Research raised Edison International from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Finally, JPMorgan Chase & Co. started coverage on Edison International in a research note on Friday, January 12th. They set a “neutral” rating and a $67.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $78.57.

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Edison International Profile

Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.

Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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