Edison International (NYSE:EIX) Shares Purchased by LPL Financial LLC

LPL Financial LLC lifted its holdings in Edison International (NYSE:EIX) by 7.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,509 shares of the utilities provider’s stock after acquiring an additional 3,052 shares during the quarter. LPL Financial LLC’s holdings in Edison International were worth $3,135,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Edison International by 131.4% in the first quarter. JPMorgan Chase & Co. now owns 7,011,057 shares of the utilities provider’s stock worth $434,123,000 after acquiring an additional 3,981,351 shares during the period. Geode Capital Management LLC grew its position in Edison International by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 4,262,828 shares of the utilities provider’s stock valued at $241,582,000 after buying an additional 320,556 shares during the period. Wells Fargo & Company MN grew its position in Edison International by 4.0% during the first quarter. Wells Fargo & Company MN now owns 2,116,381 shares of the utilities provider’s stock valued at $131,046,000 after buying an additional 80,601 shares during the period. Charles Schwab Investment Management Inc. grew its position in Edison International by 2.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,551,372 shares of the utilities provider’s stock valued at $104,578,000 after buying an additional 37,612 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in Edison International by 12.1% during the first quarter. Parametric Portfolio Associates LLC now owns 1,496,542 shares of the utilities provider’s stock valued at $92,666,000 after buying an additional 161,562 shares during the period. Hedge funds and other institutional investors own 78.13% of the company’s stock.

EIX opened at $72.54 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.69 and a debt-to-equity ratio of 1.23. The company has a market cap of $25.17 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 2.90 and a beta of 0.11. Edison International has a 52-week low of $45.50 and a 52-week high of $75.39. The firm’s fifty day simple moving average is $72.47 and its two-hundred day simple moving average is $65.68.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.43. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.15 billion. Edison International had a negative net margin of 1.21% and a positive return on equity of 12.15%. During the same period last year, the firm posted $0.85 earnings per share. On average, research analysts forecast that Edison International will post 4.67 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.613 per share. This represents a $2.45 annualized dividend and a yield of 3.38%. This is an increase from Edison International’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, September 27th. Edison International’s dividend payout ratio (DPR) is presently 59.04%.

Several analysts recently commented on the stock. SunTrust Banks raised their price target on shares of Edison International from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Wells Fargo & Co set a $73.00 price target on shares of Edison International and gave the company a “hold” rating in a research report on Friday, July 26th. Barclays raised their price target on shares of Edison International from $72.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 4th. TheStreet upgraded shares of Edison International from a “c+” rating to a “b-” rating in a research report on Friday, July 26th. Finally, Morgan Stanley raised their price target on shares of Edison International from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Edison International currently has a consensus rating of “Hold” and an average price target of $71.09.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

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Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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