Visionary Horizons LLC Has $544,000 Stock Holdings in Edison International (NYSE:EIX)

Visionary Horizons LLC lessened its position in Edison International (NYSE:EIX) by 4.4% during the 1st quarter, Holdings Channel reports. The firm owned 7,930 shares of the utilities provider’s stock after selling 365 shares during the quarter. Visionary Horizons LLC’s holdings in Edison International were worth $544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brookstone Capital Management lifted its position in Edison International by 3,503.3% during the 1st quarter. Brookstone Capital Management now owns 135,341 shares of the utilities provider’s stock worth $9,573,000 after buying an additional 131,585 shares in the last quarter. Sound Income Strategies LLC lifted its position in Edison International by 7.6% during the 1st quarter. Sound Income Strategies LLC now owns 143,581 shares of the utilities provider’s stock worth $10,156,000 after buying an additional 10,105 shares in the last quarter. Kwmg LLC lifted its position in Edison International by 2.6% during the 1st quarter. Kwmg LLC now owns 79,903 shares of the utilities provider’s stock worth $5,652,000 after buying an additional 2,062 shares in the last quarter. Global Assets Advisory LLC acquired a new position in Edison International during the 1st quarter worth about $2,367,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Edison International during the 1st quarter worth about $946,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Trading Down 0.0 %

NYSE EIX opened at $71.84 on Thursday. The company has a market cap of $27.64 billion, a PE ratio of 31.51 and a beta of 0.95. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 2.04. Edison International has a 12 month low of $58.82 and a 12 month high of $77.04. The stock has a 50 day moving average of $73.26 and a 200-day moving average of $70.40.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.01. Edison International had a return on equity of 12.48% and a net margin of 6.14%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the firm posted $1.09 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Edison International will post 4.92 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 8th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 4.34%. Edison International’s dividend payout ratio is 136.84%.

Insider Buying and Selling at Edison International

In other Edison International news, SVP Caroline Choi sold 10,004 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $75.77, for a total transaction of $758,003.08. Following the transaction, the senior vice president now owns 26,918 shares in the company, valued at approximately $2,039,576.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Edison International news, SVP Caroline Choi sold 10,004 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $75.77, for a total transaction of $758,003.08. Following the transaction, the senior vice president now owns 26,918 shares in the company, valued at approximately $2,039,576.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO J Andrew Murphy sold 58,099 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $75.01, for a total value of $4,358,005.99. Following the transaction, the chief executive officer now owns 19,660 shares in the company, valued at approximately $1,474,696.60. The disclosure for this sale can be found here. Insiders sold 77,897 shares of company stock valued at $5,851,245 in the last quarter. 1.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EIX. Morgan Stanley cut their target price on shares of Edison International from $64.00 to $61.00 and set an “underweight” rating on the stock in a research report on Monday. Wells Fargo & Company upgraded shares of Edison International from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $72.00 to $86.00 in a research report on Tuesday, May 14th. The Goldman Sachs Group started coverage on Edison International in a research note on Wednesday, April 10th. They set a “neutral” rating and a $78.00 target price for the company. Royal Bank of Canada lowered their target price on Edison International from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Finally, Barclays increased their target price on Edison International from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $77.40.

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.