Edison International (NYSE:EIX) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Edison International (NYSE:EIX) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,792,365 shares of the utilities provider’s stock after selling 37,644 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.24% of Edison International worth $417,367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EIX. Price T Rowe Associates Inc. MD increased its position in Edison International by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 524,198 shares of the utilities provider’s stock worth $37,078,000 after purchasing an additional 3,834 shares during the period. Bayesian Capital Management LP acquired a new position in Edison International during the 1st quarter worth approximately $270,000. Janus Henderson Group PLC increased its position in Edison International by 150.6% during the 1st quarter. Janus Henderson Group PLC now owns 169,742 shares of the utilities provider’s stock worth $12,004,000 after purchasing an additional 102,000 shares during the period. Swedbank AB acquired a new position in Edison International during the 1st quarter worth approximately $17,918,000. Finally, Atria Investments Inc increased its position in Edison International by 12.1% during the 1st quarter. Atria Investments Inc now owns 21,241 shares of the utilities provider’s stock worth $1,502,000 after purchasing an additional 2,291 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Price Performance

EIX stock opened at $88.36 on Friday. Edison International has a 1 year low of $63.15 and a 1 year high of $88.77. The firm has a market cap of $34.21 billion, a P/E ratio of 25.91, a PEG ratio of 2.11 and a beta of 0.92. The stock’s 50 day moving average price is $84.84 and its 200 day moving average price is $80.46. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.13. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the prior year, the company posted $1.38 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, sell-side analysts expect that Edison International will post 4.94 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 7th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Monday, October 7th. Edison International’s dividend payout ratio (DPR) is currently 91.50%.

Wall Street Analysts Forecast Growth

EIX has been the topic of a number of research reports. Evercore ISI upped their price target on Edison International from $82.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Morgan Stanley lowered their price target on Edison International from $74.00 to $72.00 and set an “underweight” rating on the stock in a report on Friday, November 22nd. Argus upped their price target on Edison International from $82.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Bank of America initiated coverage on Edison International in a report on Thursday, September 12th. They issued a “buy” rating and a $95.00 price target on the stock. Finally, Royal Bank of Canada upped their price target on Edison International from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.75.

Insider Buying and Selling

In related news, VP Adam S. Umanoff sold 25,619 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $83.05, for a total value of $2,127,657.95. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.03% of the company’s stock.

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.