4,856 Shares in Edison International (NYSE:EIX) Bought by LVW Advisors LLC

LVW Advisors LLC bought a new position in shares of Edison International (NYSE:EIX) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,856 shares of the utilities provider’s stock, valued at approximately $343,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EIX. Able Wealth Management LLC bought a new position in shares of Edison International during the fourth quarter worth $25,000. Bruce G. Allen Investments LLC bought a new position in shares of Edison International during the fourth quarter worth $27,000. Global Trust Asset Management LLC bought a new position in shares of Edison International during the first quarter worth $28,000. WASHINGTON TRUST Co boosted its position in shares of Edison International by 117.4% during the fourth quarter. WASHINGTON TRUST Co now owns 500 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 270 shares during the last quarter. Finally, Northwest Financial Advisors bought a new position in shares of Edison International during the fourth quarter worth $40,000. Institutional investors own 88.95% of the company’s stock.

Insider Buying and Selling at Edison International

In other Edison International news, SVP Caroline Choi sold 10,004 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were 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 of the company’s stock, valued at approximately $2,039,576.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Caroline Choi sold 10,004 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $75.77, for a total value of $758,003.08. Following the sale, the senior vice president now directly 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 9,794 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $75.07, for a total transaction of $735,235.58. Following the completion of the sale, the chief executive officer now owns 19,660 shares in the company, valued at $1,475,876.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,897 shares of company stock valued at $5,851,245. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

EIX has been the subject of several research reports. The Goldman Sachs Group initiated coverage on shares of Edison International in a research report on Wednesday, April 10th. They set a “neutral” rating and a $78.00 price objective for the company. Barclays increased their price objective on shares of Edison International from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, May 2nd. Morgan Stanley lowered their price objective on shares of Edison International from $64.00 to $61.00 and set an “underweight” rating for the company in a research report on Monday, June 24th. Royal Bank of Canada lowered their price objective on shares of Edison International from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th. Finally, Wells Fargo & Company upgraded shares of Edison International from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $72.00 to $86.00 in a research report on Tuesday, May 14th. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $77.40.

Edison International Trading Down 0.3 %

EIX stock opened at $71.81 on Monday. The company has a market capitalization of $27.63 billion, a PE ratio of 31.50 and a beta of 0.91. Edison International has a 12 month low of $58.82 and a 12 month high of $77.04. The firm’s 50-day moving average is $73.45 and its 200 day moving average is $70.46. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.00 and a quick ratio of 0.93.

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

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 8th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Monday, July 8th. Edison International’s dividend payout ratio (DPR) is 136.84%.

Edison International 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.