Capital Investment Advisors LLC Buys 259 Shares of Edison International (NYSE:EIX)

Capital Investment Advisors LLC grew its stake in Edison International (NYSE:EIX) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,133 shares of the utilities provider’s stock after acquiring an additional 259 shares during the quarter. Capital Investment Advisors LLC’s holdings in Edison International were worth $330,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Highline Wealth Partners LLC bought a new stake in shares of Edison International in the 3rd quarter valued at about $26,000. Groupama Asset Managment increased its stake in shares of Edison International by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 237 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Edison International in the 2nd quarter valued at about $27,000. Eastern Bank bought a new stake in Edison International during the 3rd quarter worth approximately $27,000. Finally, Larson Financial Group LLC increased its stake in Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 195 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EIX has been the subject of a number of research reports. LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price for the company in a research note on Wednesday. Royal Bank of Canada increased their target price on Edison International from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Barclays lowered their target price on Edison International from $84.00 to $76.00 and set an “overweight” rating for the company in a research note on Monday. Morgan Stanley lowered their target price on Edison International from $74.00 to $72.00 and set an “underweight” rating for the company in a research note on Friday, November 22nd. Finally, Wells Fargo & Company increased their target price on Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.96.

Edison International Trading Up 4.9 %

NYSE:EIX opened at $61.31 on Thursday. Edison International has a twelve month low of $55.27 and a twelve month high of $88.77. 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 business has a 50 day moving average price of $80.71 and a two-hundred day moving average price of $81.62. The company has a market cap of $23.74 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.96 and a beta of 0.93.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.38 by $0.13. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.01 billion. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.38 EPS. As a group, analysts expect that Edison International will post 4.94 EPS for the current fiscal year.

Edison International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th will be issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 5.40%. 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 is presently 97.07%.

Insider Activity

In other news, VP Adam S. Umanoff sold 25,619 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $83.05, for a total value of $2,127,657.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.03% of the stock is currently owned by insiders.

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.