2,164 Shares in Edison International (NYSE:EIX) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new position in Edison International (NYSE:EIX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,164 shares of the utilities provider’s stock, valued at approximately $188,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EIX. World Investment Advisors LLC bought a new position in shares of Edison International during the third quarter valued at approximately $221,000. Sanctuary Advisors LLC boosted its holdings in Edison International by 11.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 31,940 shares of the utilities provider’s stock valued at $2,762,000 after acquiring an additional 3,389 shares during the period. Virtu Financial LLC bought a new position in Edison International in the 3rd quarter valued at $1,791,000. Toronto Dominion Bank increased its stake in Edison International by 45.5% in the third quarter. Toronto Dominion Bank now owns 180,916 shares of the utilities provider’s stock worth $15,756,000 after purchasing an additional 56,571 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in Edison International by 5.3% in the third quarter. Coldstream Capital Management Inc. now owns 8,426 shares of the utilities provider’s stock worth $732,000 after purchasing an additional 421 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Stock Performance

Shares of Edison International stock opened at $78.26 on Thursday. Edison International has a one year low of $63.15 and a one year high of $88.77. The company has a market capitalization of $30.30 billion, a PE ratio of 22.95, a P/E/G ratio of 1.96 and a beta of 0.92. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The company has a 50-day simple moving average of $83.99 and a two-hundred day simple moving average of $81.26.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.38 by $0.13. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.01 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Edison International’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.38 EPS. Research analysts expect that Edison International will post 4.94 EPS for the current fiscal year.

Edison International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 7th will be given a $0.8275 dividend. This is a positive change from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Tuesday, January 7th. Edison International’s dividend payout ratio (DPR) is presently 97.07%.

Insider Buying and Selling

In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $83.05, for a total value of $2,127,657.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.03% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Bank of America began coverage on shares of Edison International in a research note on Thursday, September 12th. They issued a “buy” rating and a $95.00 target price on the stock. Barclays lifted their price target on shares of Edison International from $89.00 to $91.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Argus increased their price objective on Edison International from $82.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Finally, Morgan Stanley reduced their price objective on Edison International from $74.00 to $72.00 and set an “underweight” rating on the stock in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Edison International has an average rating of “Moderate Buy” and a consensus target price of $88.75.

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.