Stock Traders Purchase High Volume of Edison International Put Options (NYSE:EIX)

Edison International (NYSE:EIX) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 3,008 put options on the company. This is an increase of approximately 388% compared to the typical daily volume of 616 put options.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. UBS Group cut shares of Edison International from a “buy” rating to a “neutral” rating and dropped their price target for the company from $83.00 to $82.00 in a research report on Friday, July 19th. Morgan Stanley increased their price target on shares of Edison International from $62.00 to $68.00 and gave the company an “underweight” rating in a research report on Friday, August 23rd. Evercore ISI increased their price target on shares of Edison International from $82.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Wells Fargo & Company raised their target price on shares of Edison International from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Guggenheim raised their target price on shares of Edison International from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Edison International presently has a consensus rating of “Hold” and an average price target of $80.73.

Insider Transactions at Edison International

In other news, SVP Caroline Choi sold 10,004 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $75.77, for a total value 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 legal filing with the Securities & Exchange Commission, which is available through this link. In other Edison International news, CEO J Andrew Murphy sold 23,896 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $85.45, for a total transaction of $2,041,913.20. Following the completion of the sale, the chief executive officer now owns 19,850 shares of the company’s stock, valued at approximately $1,696,182.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Caroline Choi sold 10,004 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $75.77, for a total transaction of $758,003.08. Following the sale, the senior vice president now directly owns 26,918 shares of the company’s stock, valued at approximately $2,039,576.86. The disclosure for this sale can be found here. Insiders have sold 99,103 shares of company stock valued at $7,981,345 in the last quarter. Insiders own 1.03% of the company’s stock.

Institutional Trading of Edison International

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Equitable Trust Co. increased its stake in Edison International by 0.9% during the 2nd quarter. Equitable Trust Co. now owns 15,424 shares of the utilities provider’s stock valued at $1,108,000 after purchasing an additional 132 shares in the last quarter. TIAA Trust National Association grew its stake in shares of Edison International by 2.0% in the second quarter. TIAA Trust National Association now owns 6,723 shares of the utilities provider’s stock worth $483,000 after acquiring an additional 134 shares during the period. Farmers & Merchants Investments Inc. grew its stake in shares of Edison International by 53.8% in the second quarter. Farmers & Merchants Investments Inc. now owns 400 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 140 shares during the period. Asset Dedication LLC grew its stake in shares of Edison International by 37.5% in the second quarter. Asset Dedication LLC now owns 550 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 150 shares during the period. Finally, Carson Advisory Inc. grew its stake in shares of Edison International by 0.3% in the first quarter. Carson Advisory Inc. now owns 54,625 shares of the utilities provider’s stock worth $3,864,000 after acquiring an additional 152 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Edison International Trading Down 0.7 %

Shares of NYSE EIX opened at $84.79 on Wednesday. Edison International has a 1 year low of $58.82 and a 1 year high of $85.96. The stock has a market cap of $32.62 billion, a P/E ratio of 37.19 and a beta of 0.91. The firm has a 50-day moving average of $77.08 and a 200 day moving average of $73.01. 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 (NYSE:EIX) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.12 billion. Edison International had a net margin of 6.60% and a return on equity of 13.01%. Edison International’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $1.01 EPS. As a group, sell-side analysts expect that Edison International will post 4.94 EPS for the current fiscal year.

Edison International Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.68%. Edison International’s dividend payout ratio is currently 136.84%.

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.