Edison International (NYSE:EIX) Shares Bought by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. increased its holdings in Edison International (NYSE:EIX) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,255 shares of the utilities provider’s stock after acquiring an additional 545 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Edison International were worth $499,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EIX. Federated Hermes Inc. boosted its stake in shares of Edison International by 87.9% during the 2nd quarter. Federated Hermes Inc. now owns 3,326 shares of the utilities provider’s stock valued at $239,000 after buying an additional 1,556 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Edison International by 15.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,635,880 shares of the utilities provider’s stock worth $117,476,000 after purchasing an additional 218,762 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Edison International by 5.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,244 shares of the utilities provider’s stock valued at $1,956,000 after buying an additional 1,393 shares during the last quarter. Blair William & Co. IL bought a new stake in Edison International in the second quarter valued at about $223,000. Finally, Intech Investment Management LLC raised its stake in Edison International by 18.5% during the second quarter. Intech Investment Management LLC now owns 54,800 shares of the utilities provider’s stock valued at $3,935,000 after buying an additional 8,537 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 2.6 %

EIX stock opened at $62.72 on Monday. The firm’s 50-day moving average is $79.50 and its two-hundred day moving average is $81.35. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $24.28 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 1.34 and a beta of 0.93. Edison International has a 52 week low of $55.27 and a 52 week high of $88.77.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period last year, the company posted $1.38 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts forecast that Edison International will post 4.94 earnings per share for the current fiscal year.

Edison International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th will be issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 5.28%. This is an increase from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Tuesday, January 7th. Edison International’s dividend payout ratio is presently 97.07%.

Analyst Upgrades and Downgrades

EIX has been the subject of a number of research analyst reports. Jefferies Financial Group started coverage on Edison International in a report on Thursday, November 7th. They issued a “buy” rating and a $93.00 price target for the company. UBS Group reduced their price target on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday. Barclays dropped their price objective on shares of Edison International from $84.00 to $76.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company lifted their target price on Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.58.

Insider Activity

In related news, VP Adam S. Umanoff sold 25,619 shares of Edison International 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 1.03% of the company’s stock.

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.