Reilly Financial Advisors LLC lowered its stake in shares of Edison International (NYSE:EIX) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,284 shares of the utilities provider’s stock after selling 330 shares during the period. Reilly Financial Advisors LLC’s holdings in Edison International were worth $491,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. BTIM Corp. raised its position in Edison International by 0.5% in the second quarter. BTIM Corp. now owns 56,085 shares of the utilities provider’s stock valued at $4,385,000 after buying an additional 300 shares during the period. Assenagon Asset Management S.A. raised its position in Edison International by 43.6% in the second quarter. Assenagon Asset Management S.A. now owns 22,426 shares of the utilities provider’s stock valued at $1,753,000 after buying an additional 6,814 shares during the period. Aperio Group LLC raised its position in Edison International by 8.6% in the second quarter. Aperio Group LLC now owns 146,024 shares of the utilities provider’s stock valued at $11,418,000 after buying an additional 11,593 shares during the period. Louisiana State Employees Retirement System raised its position in Edison International by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 20,200 shares of the utilities provider’s stock valued at $1,579,000 after buying an additional 200 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in Edison International by 40.6% in the second quarter. Nisa Investment Advisors LLC now owns 47,405 shares of the utilities provider’s stock valued at $3,717,000 after buying an additional 13,690 shares during the period. Institutional investors own 81.60% of the company’s stock.
Edison International (NYSE:EIX) traded up 0.0001% during midday trading on Friday, reaching $78.4501. The company had a trading volume of 482,023 shares. Edison International has a one year low of $67.44 and a one year high of $82.82. The stock’s 50 day moving average price is $79.49 and its 200-day moving average price is $77.93. The firm has a market capitalization of $25.56 billion, a P/E ratio of 18.5813 and a beta of 0.22.
Edison International (NYSE:EIX) last issued its earnings results on Monday, May 1st. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.21. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Edison International had a net margin of 12.82% and a return on equity of 10.78%. Edison International’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. On average, equities research analysts anticipate that Edison International will post $4.22 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be issued a $0.5425 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $2.17 annualized dividend and a yield of 2.77%. Edison International’s dividend payout ratio is currently 50.94%.
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Several equities analysts have weighed in on the company. Jefferies Group LLC restated a “hold” rating on shares of Edison International in a report on Friday, July 14th. Morgan Stanley restated an “equal weight” rating on shares of Edison International in a report on Tuesday, July 11th. Zacks Investment Research lowered Edison International from a “buy” rating to a “hold” rating in a report on Friday, July 7th. BidaskClub lowered Edison International from a “hold” rating to a “sell” rating in a report on Sunday, June 25th. Finally, UBS AG lowered Edison International from a “buy” rating to a “neutral” rating and cut their target price for the company from $82.00 to $80.00 in a report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $82.63.
In other Edison International news, insider Gaddi H. Vasquez sold 2,500 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $81.30, for a total value of $203,250.00. Following the transaction, the insider now directly owns 4,550 shares of the company’s stock, valued at approximately $369,915. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ronald L. Litzinger sold 26,035 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $78.85, for a total transaction of $2,052,859.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,035 shares of company stock worth $2,460,285. Insiders own 0.41% of the company’s stock.
About Edison International
Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.
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