Blair William & Co. IL Buys Shares of 3,108 Edison International (NYSE:EIX)

Blair William & Co. IL bought a new stake in Edison International (NYSE:EIX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,108 shares of the utilities provider’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EIX. Able Wealth Management LLC acquired a new position in shares of Edison International in the fourth quarter worth $25,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Edison International in the second quarter worth $27,000. Global Trust Asset Management LLC acquired a new position in shares of Edison International in the first quarter worth $28,000. Country Trust Bank acquired a new position in shares of Edison International in the second quarter worth $29,000. Finally, Farmers & Merchants Investments Inc. grew its stake in shares of Edison International by 53.8% in the second quarter. Farmers & Merchants Investments Inc. now owns 400 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on EIX shares. Bank of America started coverage on shares of Edison International in a research note on Thursday, September 12th. They issued a “buy” rating and a $95.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and issued a $94.00 price target on shares of Edison International in a research note on Monday, September 16th. Wells Fargo & Company boosted their price target on shares of Edison International from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Guggenheim boosted their target price on shares of Edison International from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Argus boosted their target price on shares of Edison International from $82.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Edison International has an average rating of “Hold” and a consensus price target of $86.17.

Insider Activity

In other news, CEO J Andrew Murphy sold 28,995 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $78.43, for a total value of $2,274,077.85. Following the completion of the sale, the chief executive officer now directly owns 19,660 shares of the company’s stock, valued at $1,541,933.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Natalie K. Schilling sold 2,341 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $80.00, for a total transaction of $187,280.00. Following the completion of the transaction, the vice president now directly owns 6,338 shares of the company’s stock, valued at $507,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO J Andrew Murphy sold 28,995 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $78.43, for a total transaction of $2,274,077.85. Following the transaction, the chief executive officer now directly owns 19,660 shares of the company’s stock, valued at $1,541,933.80. 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. Insiders own 1.03% of the company’s stock.

Edison International Stock Performance

NYSE EIX opened at $86.80 on Friday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.03 and a quick ratio of 0.96. Edison International has a 1 year low of $58.82 and a 1 year high of $88.77. The company has a market capitalization of $33.52 billion, a PE ratio of 38.07, a P/E/G ratio of 1.99 and a beta of 0.91. The company has a fifty day moving average of $83.24 and a two-hundred day moving average of $75.95.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. Edison International had a net margin of 6.60% and a return on equity of 13.01%. The company had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm posted $1.01 earnings per share. Edison International’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, analysts expect that Edison International will post 4.97 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, October 7th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.59%. Edison International’s payout ratio 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.