Moody National Bank Trust Division Boosts Stock Holdings in Edison International (NYSE:EIX)

Moody National Bank Trust Division raised its holdings in shares of Edison International (NYSE:EIX) by 3.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 10,970 shares of the utilities provider’s stock after purchasing an additional 397 shares during the period. Moody National Bank Trust Division’s holdings in Edison International were worth $788,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Able Wealth Management LLC purchased a new position in Edison International during the 4th quarter valued at about $25,000. Global Trust Asset Management LLC bought a new stake in shares of Edison International in the 1st quarter valued at about $28,000. Northwest Financial Advisors bought a new stake in shares of Edison International in the 4th quarter valued at about $40,000. GAMMA Investing LLC bought a new stake in shares of Edison International in the 4th quarter valued at about $48,000. Finally, Mather Group LLC. bought a new stake in shares of Edison International in the 1st quarter valued at about $52,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Insiders Place Their Bets

In other Edison International news, CEO J Andrew Murphy sold 58,099 shares of Edison International stock in a transaction on Friday, May 10th. The shares were sold at an average price of $75.01, for a total transaction of $4,358,005.99. Following the sale, the chief executive officer now owns 19,660 shares of the company’s stock, valued at approximately $1,474,696.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Caroline Choi sold 10,004 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $75.77, for a total transaction of $758,003.08. Following the transaction, the senior vice president now owns 26,918 shares of the company’s stock, valued at approximately $2,039,576.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO J Andrew Murphy sold 58,099 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $75.01, for a total transaction of $4,358,005.99. Following the completion of the transaction, the chief executive officer now directly owns 19,660 shares in the company, valued at approximately $1,474,696.60. The disclosure for this sale can be found here. Insiders have sold a total of 141,738 shares of company stock valued at $10,916,903 in the last 90 days. 1.03% of the stock is owned by insiders.

Edison International Price Performance

NYSE EIX traded down $1.72 on Monday, hitting $80.55. The company had a trading volume of 2,419,327 shares, compared to its average volume of 2,033,688. The company has a market capitalization of $31.11 billion, a PE ratio of 35.33 and a beta of 0.91. The company’s fifty day moving average price is $74.29 and its 200-day moving average price is $71.19. 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 12-month low of $58.82 and a 12-month high of $83.05.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.23 EPS for the quarter, topping 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 analyst estimates of $4.12 billion. During the same quarter in the previous year, the firm earned $1.01 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. As a group, analysts predict that Edison International will post 4.92 earnings per share for the current year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 8th were paid a dividend of $0.78 per share. The ex-dividend date was Monday, July 8th. This represents a $3.12 annualized dividend and a yield of 3.87%. Edison International’s dividend payout ratio (DPR) is presently 136.84%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EIX shares. Mizuho raised their price target on shares of Edison International from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, May 17th. Argus lifted their target price on shares of Edison International from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Guggenheim lifted 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. Barclays lifted their target price on shares of Edison International from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group assumed coverage on shares of Edison International in a research note on Wednesday, April 10th. They issued a “neutral” rating and a $78.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $78.27.

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.