Wells Fargo & Company MN Purchases 57,938 Shares of Edison International (EIX)

Wells Fargo & Company MN raised its position in Edison International (NYSE:EIX) by 2.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,698,759 shares of the utilities provider’s stock after acquiring an additional 57,938 shares during the period. Wells Fargo & Company MN owned about 0.83% of Edison International worth $171,803,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EIX. Bank of Montreal Can raised its holdings in Edison International by 14.6% in the 4th quarter. Bank of Montreal Can now owns 538,843 shares of the utilities provider’s stock valued at $34,077,000 after acquiring an additional 68,459 shares in the last quarter. National Pension Service raised its holdings in Edison International by 4.2% in the 4th quarter. National Pension Service now owns 310,925 shares of the utilities provider’s stock valued at $19,663,000 after acquiring an additional 12,644 shares in the last quarter. Creative Planning raised its holdings in Edison International by 25.0% in the 4th quarter. Creative Planning now owns 23,913 shares of the utilities provider’s stock valued at $1,512,000 after acquiring an additional 4,785 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Edison International by 2.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,155,073 shares of the utilities provider’s stock valued at $73,047,000 after acquiring an additional 30,504 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Edison International by 41.4% in the 4th quarter. State of Alaska Department of Revenue now owns 71,865 shares of the utilities provider’s stock valued at $4,542,000 after acquiring an additional 21,050 shares in the last quarter. 85.08% of the stock is owned by hedge funds and other institutional investors.

Shares of Edison International opened at $61.25 on Friday, according to MarketBeat. Edison International has a 1 year low of $57.63 and a 1 year high of $83.38. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $19.96 billion, a PE ratio of 14.65, a P/E/G ratio of 2.64 and a beta of 0.12.



Edison International (NYSE:EIX) last issued its earnings results on Tuesday, May 1st. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.11). Edison International had a return on equity of 10.22% and a net margin of 4.38%. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. equities research analysts expect that Edison International will post 4.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Thursday, March 29th were issued a $0.605 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 3.95%. Edison International’s payout ratio is presently 53.78%.

Several research firms have commented on EIX. ValuEngine cut Edison International from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. SunTrust Banks set a $71.00 price target on Edison International and gave the company a “buy” rating in a report on Monday, February 12th. Zacks Investment Research raised Edison International from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. Edward Jones raised Edison International from a “sell” rating to a “hold” rating in a report on Thursday, April 5th. Finally, UBS began coverage on Edison International in a report on Friday, February 2nd. They issued a “neutral” rating and a $67.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. Edison International has a consensus rating of “Hold” and a consensus price target of $76.92.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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