Moody National Bank Trust Division Has $884,000 Position in Edison International (NYSE:EIX)

Moody National Bank Trust Division trimmed its stake in Edison International (NYSE:EIX) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,070 shares of the utilities provider’s stock after selling 1,059 shares during the quarter. Moody National Bank Trust Division’s holdings in Edison International were worth $884,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Investment Advisors LLC boosted its position in shares of Edison International by 6.7% during the 4th quarter. Capital Investment Advisors LLC now owns 4,133 shares of the utilities provider’s stock worth $330,000 after purchasing an additional 259 shares in the last quarter. Brookstone Capital Management increased its position in Edison International by 1.0% in the 4th quarter. Brookstone Capital Management now owns 131,877 shares of the utilities provider’s stock valued at $10,529,000 after buying an additional 1,329 shares in the last quarter. Czech National Bank raised its stake in Edison International by 6.7% during the 4th quarter. Czech National Bank now owns 83,942 shares of the utilities provider’s stock worth $6,702,000 after buying an additional 5,274 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Edison International by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,578 shares of the utilities provider’s stock worth $765,000 after acquiring an additional 234 shares in the last quarter. Finally, ST Germain D J Co. Inc. grew its stake in Edison International by 88.1% in the fourth quarter. ST Germain D J Co. Inc. now owns 427 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 200 shares during the period. 88.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EIX. Morgan Stanley lowered their target price on Edison International from $74.00 to $72.00 and set an “underweight” rating on the stock in a research report on Friday, November 22nd. UBS Group lowered their price objective on shares of Edison International from $96.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada lifted their price objective on shares of Edison International from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Jefferies Financial Group began coverage on shares of Edison International in a research report on Thursday, November 7th. They set a “buy” rating and a $93.00 target price for the company. Finally, Wells Fargo & Company raised their price target on shares of Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.33.

Edison International Price Performance

Shares of NYSE EIX opened at $58.51 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $22.65 billion, a PE ratio of 17.16, a PEG ratio of 1.96 and a beta of 0.93. The stock’s 50 day moving average price is $80.71 and its 200-day moving average price is $81.62. Edison International has a twelve month low of $55.27 and a twelve month high of $88.77.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.13. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. On average, equities analysts anticipate that Edison International will post 4.94 EPS for the current 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 issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date of this dividend is Tuesday, January 7th. This is an increase from Edison International’s previous quarterly dividend of $0.78. Edison International’s dividend payout ratio (DPR) is 97.07%.

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.