Capital International Inc. CA Has $2.31 Million Stock Holdings in Edison International (NYSE:EIX)

Capital International Inc. CA raised its stake in shares of Edison International (NYSE:EIX) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,629 shares of the utilities provider’s stock after purchasing an additional 292 shares during the period. Capital International Inc. CA’s holdings in Edison International were worth $2,308,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EIX. Brookstone Capital Management grew its holdings in Edison International by 11.6% during the fourth quarter. Brookstone Capital Management now owns 3,756 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 391 shares during the last quarter. CVA Family Office LLC acquired a new stake in shares of Edison International in the fourth quarter worth $53,000. Assenagon Asset Management S.A. grew its stake in shares of Edison International by 25.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 17,767 shares of the utilities provider’s stock worth $1,270,000 after acquiring an additional 3,565 shares during the last quarter. Courier Capital LLC acquired a new stake in shares of Edison International in the fourth quarter worth $214,000. Finally, WASHINGTON TRUST Co grew its stake in shares of Edison International by 117.4% in the fourth quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 270 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on EIX shares. The Goldman Sachs Group started coverage on Edison International in a research report on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 target price for the company. Wells Fargo & Company raised their target price on Edison International from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley reduced their target price on Edison International from $64.00 to $61.00 and set an “underweight” rating for the company in a research report on Monday, June 24th. Barclays raised their target price on Edison International from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 2nd. Finally, UBS Group cut Edison International from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $83.00 to $82.00 in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $77.82.

Edison International Price Performance

Shares of Edison International stock traded up $2.08 during trading on Friday, reaching $78.51. The company’s stock had a trading volume of 2,775,708 shares, compared to its average volume of 1,647,022. The stock has a 50-day moving average price of $73.81 and a two-hundred day moving average price of $70.88. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 2.04. Edison International has a one year low of $58.82 and a one year high of $79.50. The stock has a market capitalization of $30.21 billion, a P/E ratio of 34.43 and a beta of 0.91.

Edison International (NYSE:EIX) last released its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. Edison International had a return on equity of 13.07% and a net margin of 6.60%. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the previous year, the business posted $1.09 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Edison International will post 4.92 EPS for the current fiscal year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 8th will be given a $0.78 dividend. The ex-dividend date is Monday, July 8th. This represents a $3.12 dividend on an annualized basis and a yield of 3.97%. Edison International’s payout ratio is 136.84%.

Insider Buying and Selling

In related news, CEO J Andrew Murphy sold 9,794 shares of Edison International stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $75.07, for a total value of $735,235.58. Following the completion of the sale, the chief executive officer now directly owns 19,660 shares in the company, valued at $1,475,876.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Caroline Choi sold 10,004 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $75.77, for a total value of $758,003.08. Following the completion of the transaction, the senior vice president now directly owns 26,918 shares in the company, valued at approximately $2,039,576.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO J Andrew Murphy sold 9,794 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $75.07, for a total value of $735,235.58. Following the completion of the sale, the chief executive officer now owns 19,660 shares in the company, valued at approximately $1,475,876.20. The disclosure for this sale can be found here. Insiders sold a total of 77,897 shares of company stock worth $5,851,245 over the last three months. 1.03% of the stock is currently owned by company insiders.

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.