XTX Topco Ltd Has $206,000 Stock Holdings in Edison International (NYSE:EIX)

XTX Topco Ltd trimmed its position in Edison International (NYSE:EIX) by 82.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,863 shares of the utilities provider’s stock after selling 13,737 shares during the quarter. XTX Topco Ltd’s holdings in Edison International were worth $206,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EIX. Advisory Services Network LLC bought a new stake in shares of Edison International during the fourth quarter worth approximately $193,000. TD Asset Management Inc lifted its stake in shares of Edison International by 6.2% in the 4th quarter. TD Asset Management Inc now owns 137,873 shares of the utilities provider’s stock valued at $9,857,000 after purchasing an additional 8,040 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Edison International by 50.2% in the 4th quarter. Allianz Asset Management GmbH now owns 139,615 shares of the utilities provider’s stock worth $9,981,000 after purchasing an additional 46,674 shares during the last quarter. Bank of Nova Scotia grew its stake in shares of Edison International by 157.0% during the fourth quarter. Bank of Nova Scotia now owns 192,963 shares of the utilities provider’s stock worth $13,794,000 after purchasing an additional 117,889 shares during the period. Finally, California State Teachers Retirement System increased its holdings in Edison International by 10.0% in the fourth quarter. California State Teachers Retirement System now owns 740,278 shares of the utilities provider’s stock valued at $52,922,000 after purchasing an additional 67,397 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EIX shares. Wells Fargo & Company boosted their target price on Edison International from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Guggenheim boosted their price objective on shares of Edison International from $80.00 to $83.00 and gave the company a “buy” rating in a report on Friday, July 26th. UBS Group increased their target price on shares of Edison International from $86.00 to $89.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Bank of America started coverage on shares of Edison International in a report on Thursday, September 12th. They issued a “buy” rating and a $95.00 price target for the company. Finally, Barclays raised their price objective on Edison International from $80.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $86.17.

Edison International Stock Up 0.7 %

EIX stock opened at $86.81 on Monday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.03 and a quick ratio of 0.96. The stock has a market capitalization of $33.52 billion, a P/E ratio of 38.07, a P/E/G ratio of 1.99 and a beta of 0.91. The business has a 50-day moving average of $83.48 and a 200-day moving average of $76.17. Edison International has a fifty-two week low of $58.82 and a fifty-two week high of $88.77.

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

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, October 7th will be paid a $0.78 dividend. The ex-dividend date is Monday, October 7th. This represents a $3.12 annualized dividend and a yield of 3.59%. Edison International’s payout ratio is currently 136.84%.

Insider Buying and Selling at Edison International

In other news, CEO J Andrew Murphy sold 28,995 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $78.43, for a total value of $2,274,077.85. Following the completion of the transaction, the chief executive officer now owns 19,660 shares in the company, valued at approximately $1,541,933.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO J Andrew Murphy sold 28,995 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 19,660 shares of the company’s stock, valued at $1,541,933.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Natalie K. Schilling sold 2,341 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $80.00, for a total transaction of $187,280.00. Following the transaction, the vice president now owns 6,338 shares in the company, valued at $507,040. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,099 shares of company stock worth $7,223,342. Insiders own 1.03% of the company’s stock.

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.