Dimensional Fund Advisors LP Has $117.48 Million Stock Position in Edison International (NYSE:EIX)

Dimensional Fund Advisors LP increased its stake in shares of Edison International (NYSE:EIX) by 15.4% in the second quarter, Holdings Channel reports. The firm owned 1,635,880 shares of the utilities provider’s stock after buying an additional 218,762 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Edison International were worth $117,476,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EIX. Corient Private Wealth LLC increased its stake in shares of Edison International by 0.3% in the 4th quarter. Corient Private Wealth LLC now owns 61,247 shares of the utilities provider’s stock valued at $4,379,000 after acquiring an additional 175 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Edison International in the fourth quarter valued at approximately $433,000. US Bancorp DE raised its holdings in Edison International by 7.3% in the fourth quarter. US Bancorp DE now owns 70,061 shares of the utilities provider’s stock worth $5,009,000 after purchasing an additional 4,740 shares during the period. Advisory Services Network LLC bought a new position in shares of Edison International during the fourth quarter worth $193,000. Finally, Cape Investment Advisory Inc. grew its holdings in shares of Edison International by 13.8% in the 4th quarter. Cape Investment Advisory Inc. now owns 4,420 shares of the utilities provider’s stock valued at $316,000 after buying an additional 535 shares during the period. Institutional investors own 88.95% of the company’s stock.

Insider Activity at Edison International

In other Edison International news, CEO J Andrew Murphy sold 23,896 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $85.45, for a total transaction of $2,041,913.20. Following the sale, the chief executive officer now directly owns 19,850 shares of the company’s stock, valued at $1,696,182.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Edison International news, CEO J Andrew Murphy sold 23,896 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $85.45, for a total transaction of $2,041,913.20. Following the transaction, the chief executive officer now owns 19,850 shares of the company’s stock, valued at $1,696,182.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Natalie K. Schilling sold 2,341 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $80.00, for a total value of $187,280.00. Following the completion of the sale, the vice president now directly owns 6,338 shares of the company’s stock, valued at $507,040. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,099 shares of company stock valued at $7,223,342. 1.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EIX has been the topic of several research analyst reports. UBS Group raised their price objective on Edison International from $86.00 to $89.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Wells Fargo & Company lifted their price objective on Edison International from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Guggenheim boosted their price objective on Edison International from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Barclays raised their target price on shares of Edison International from $80.00 to $91.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 4th. Finally, Bank of America began coverage on shares of Edison International in a research report on Thursday, September 12th. They set a “buy” rating and a $95.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Edison International currently has a consensus rating of “Hold” and an average target price of $85.83.

Edison International Stock Up 1.5 %

Shares of EIX stock opened at $85.43 on Monday. The firm’s fifty day moving average price is $82.32 and its two-hundred day moving average price is $75.58. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 2.04. Edison International has a 1 year low of $58.82 and a 1 year high of $88.77. The firm has a market capitalization of $32.87 billion, a P/E ratio of 37.47, a PEG ratio of 1.99 and a beta of 0.91.

Edison International (NYSE:EIX) last released its earnings results on Thursday, July 25th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Edison International had a return on equity of 13.01% and a net margin of 6.60%. The business had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the business earned $1.01 earnings per share. Edison International’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts predict that Edison International will post 4.97 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 8th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Monday, July 8th. Edison International’s payout ratio is presently 136.84%.

Edison International Company 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.