Stablepoint Partners LLC Buys 379 Shares of Edison International (NYSE:EIX)

Stablepoint Partners LLC grew its stake in shares of Edison International (NYSE:EIX) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,975 shares of the utilities provider’s stock after buying an additional 379 shares during the period. Stablepoint Partners LLC’s holdings in Edison International were worth $4,309,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EIX. Blair William & Co. IL bought a new stake in Edison International during the 2nd quarter worth approximately $223,000. Evergreen Capital Management LLC boosted its holdings in Edison International by 5.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,302 shares of the utilities provider’s stock valued at $309,000 after purchasing an additional 212 shares during the period. AXA S.A. grew its position in shares of Edison International by 34.3% during the 2nd quarter. AXA S.A. now owns 108,429 shares of the utilities provider’s stock valued at $7,786,000 after purchasing an additional 27,671 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Edison International by 50.6% in the second quarter. D. E. Shaw & Co. Inc. now owns 303,532 shares of the utilities provider’s stock worth $21,797,000 after purchasing an additional 102,043 shares during the period. Finally, MBB Public Markets I LLC purchased a new stake in shares of Edison International in the second quarter worth $1,967,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Price Performance

Shares of NYSE:EIX opened at $58.71 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The stock has a market cap of $22.73 billion, a PE ratio of 17.22, a PEG ratio of 1.20 and a beta of 0.93. The company’s fifty day moving average is $77.19 and its 200 day moving average is $80.86. Edison International has a 52 week low of $55.27 and a 52 week high of $88.77.

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

Edison International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th will be issued a $0.8275 dividend. This is a boost from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $3.31 annualized dividend and a dividend yield of 5.64%. Edison International’s dividend payout ratio (DPR) is currently 97.07%.

Analyst Ratings Changes

Several equities analysts recently commented on EIX shares. UBS Group reduced their target price on Edison International from $87.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Guggenheim lowered Edison International from a “buy” rating to a “neutral” rating in a report on Thursday. Royal Bank of Canada upped their price objective on shares of Edison International from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Morgan Stanley dropped their target price on shares of Edison International from $74.00 to $72.00 and set an “underweight” rating for the company in a research report on Friday, November 22nd. Finally, LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Edison International has an average rating of “Moderate Buy” and a consensus target price of $82.88.

Insider Buying and Selling

In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.03% of the stock is owned by insiders.

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.