Edison International (NYSE:EIX) Shares Sold by BB&T Securities LLC

BB&T Securities LLC lowered its stake in shares of Edison International (NYSE:EIX) by 6.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,881 shares of the utilities provider’s stock after selling 480 shares during the period. BB&T Securities LLC’s holdings in Edison International were worth $541,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of EIX. CENTRAL TRUST Co lifted its position in Edison International by 6.0% during the second quarter. CENTRAL TRUST Co now owns 2,772 shares of the utilities provider’s stock worth $194,000 after buying an additional 156 shares during the period. Cerebellum GP LLC lifted its position in Edison International by 3.0% during the second quarter. Cerebellum GP LLC now owns 5,288 shares of the utilities provider’s stock worth $356,000 after buying an additional 156 shares during the period. Janney Montgomery Scott LLC lifted its position in Edison International by 1.6% during the second quarter. Janney Montgomery Scott LLC now owns 10,137 shares of the utilities provider’s stock worth $683,000 after buying an additional 160 shares during the period. Hartford Investment Management Co. lifted its position in Edison International by 0.5% during the second quarter. Hartford Investment Management Co. now owns 35,743 shares of the utilities provider’s stock worth $2,409,000 after buying an additional 172 shares during the period. Finally, Wealthfront Advisers LLC lifted its position in Edison International by 1.1% during the third quarter. Wealthfront Advisers LLC now owns 18,891 shares of the utilities provider’s stock worth $1,425,000 after buying an additional 209 shares during the period. 76.99% of the stock is currently owned by institutional investors and hedge funds.

EIX has been the topic of several recent analyst reports. TheStreet upgraded Edison International from a “c+” rating to a “b-” rating in a research report on Friday, July 26th. Mizuho reduced their target price on Edison International from $86.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Bank of America set a $73.00 target price on Edison International and gave the stock a “hold” rating in a research report on Friday, November 1st. SunTrust Banks set a $83.00 target price on Edison International and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada increased their target price on Edison International to $79.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $75.00.

Edison International stock opened at $66.84 on Wednesday. The stock’s 50-day moving average is $70.40 and its 200-day moving average is $67.94. The company has a market cap of $23.78 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 2.65 and a beta of 0.05. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.78 and a quick ratio of 0.72. Edison International has a 12 month low of $46.65 and a 12 month high of $76.45.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.03). The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Edison International had a positive return on equity of 11.98% and a negative net margin of 1.60%. During the same quarter last year, the business earned $1.57 earnings per share. Research analysts anticipate that Edison International will post 4.74 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a $0.613 dividend. This represents a $2.45 dividend on an annualized basis and a dividend yield of 3.67%. This is an increase from Edison International’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 27th. Edison International’s dividend payout ratio (DPR) is 59.04%.

Edison International 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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