2,811 Shares in Edison International (NYSE:EIX) Purchased by Silvia Mccoll Wealth Management LLC

Silvia Mccoll Wealth Management LLC acquired a new position in Edison International (NYSE:EIX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,811 shares of the utilities provider’s stock, valued at approximately $202,000.

Other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its stake in shares of Edison International by 4.7% during the second quarter. Sequoia Financial Advisors LLC now owns 7,456 shares of the utilities provider’s stock valued at $535,000 after buying an additional 338 shares during the period. Czech National Bank boosted its stake in shares of Edison International by 8.6% during the second quarter. Czech National Bank now owns 73,318 shares of the utilities provider’s stock valued at $5,265,000 after purchasing an additional 5,829 shares in the last quarter. Sound Income Strategies LLC increased its holdings in Edison International by 24.0% during the second quarter. Sound Income Strategies LLC now owns 178,033 shares of the utilities provider’s stock valued at $12,785,000 after buying an additional 34,452 shares during the period. Country Trust Bank bought a new position in Edison International in the second quarter worth approximately $29,000. Finally, SG Americas Securities LLC boosted its position in Edison International by 223.8% during the 2nd quarter. SG Americas Securities LLC now owns 227,782 shares of the utilities provider’s stock valued at $16,357,000 after acquiring an additional 157,442 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Insiders Place Their Bets

In related news, CEO J Andrew Murphy sold 32,505 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $80.12, for a total value of $2,604,300.60. Following the sale, the chief executive officer now directly owns 19,660 shares in the company, valued at approximately $1,575,159.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Edison International news, CEO J Andrew Murphy sold 32,505 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly 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, SVP Caroline Choi sold 10,004 shares of Edison International stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $75.77, for a total value of $758,003.08. Following the completion of the sale, the senior vice president now directly owns 26,918 shares of the company’s stock, valued at $2,039,576.86. The disclosure for this sale can be found here. Insiders sold a total of 73,845 shares of company stock valued at $5,823,662 over the last quarter. 1.03% of the stock is owned by insiders.

Edison International Price Performance

Shares of NYSE:EIX traded up $0.50 during trading on Tuesday, reaching $82.91. The stock had a trading volume of 2,363,659 shares, compared to its average volume of 2,034,102. The business has a fifty day moving average price of $75.09 and a 200-day moving average price of $71.80. Edison International has a 1-year low of $58.82 and a 1-year high of $83.05. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.96 and a current ratio of 1.03. The stock has a market cap of $31.90 billion, a PE ratio of 36.15 and a beta of 0.91.

Edison International (NYSE:EIX) last issued its earnings results on Thursday, July 25th. The utilities provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Edison International had a return on equity of 13.01% and a net margin of 6.60%. The business had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the firm posted $1.01 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that Edison International will post 4.92 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 8th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend was Monday, July 8th. Edison International’s dividend payout ratio is presently 136.84%.

Analyst Upgrades and Downgrades

EIX has been the topic of a number of analyst reports. Argus lifted their price objective on shares of Edison International from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Wells Fargo & Company boosted their target price on Edison International from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Mizuho raised their price target on Edison International from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, May 17th. UBS Group lowered shares of Edison International from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $83.00 to $82.00 in a research report on Friday, July 19th. Finally, Morgan Stanley cut their price target on shares of Edison International from $64.00 to $61.00 and set an “underweight” rating on the stock in a research note on Monday, June 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $78.27.

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.