Nisa Investment Advisors LLC Buys 524 Shares of Edison International (NYSE:EIX)

Nisa Investment Advisors LLC raised its stake in Edison International (NYSE:EIX) by 1.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 31,406 shares of the utilities provider’s stock after purchasing an additional 524 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Edison International were worth $2,507,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of Edison International by 0.7% in the 3rd quarter. State Street Corp now owns 32,549,936 shares of the utilities provider’s stock worth $2,834,774,000 after buying an additional 224,337 shares during the last quarter. FMR LLC increased its holdings in shares of Edison International by 8.7% in the 3rd quarter. FMR LLC now owns 21,800,874 shares of the utilities provider’s stock worth $1,898,638,000 after buying an additional 1,741,835 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Edison International by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 9,620,520 shares of the utilities provider’s stock worth $835,142,000 after buying an additional 210,461 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Edison International by 0.5% in the 2nd quarter. Clearbridge Investments LLC now owns 5,015,988 shares of the utilities provider’s stock worth $360,198,000 after buying an additional 24,834 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Edison International by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,340,116 shares of the utilities provider’s stock worth $203,801,000 after buying an additional 28,240 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Insider Transactions at Edison International

In other news, VP Adam S. Umanoff sold 25,619 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $83.05, for a total value of $2,127,657.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on EIX shares. Royal Bank of Canada increased their price target on shares of Edison International from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Jefferies Financial Group initiated coverage on shares of Edison International in a report on Thursday, November 7th. They set a “buy” rating and a $93.00 target price on the stock. LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price on the stock in a report on Wednesday, January 15th. Barclays reduced their target price on shares of Edison International from $76.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Morgan Stanley reduced their target price on shares of Edison International from $74.00 to $72.00 and set an “underweight” rating on the stock in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Edison International presently has a consensus rating of “Moderate Buy” and an average target price of $82.88.

Edison International Trading Up 2.5 %

Shares of EIX opened at $58.71 on Monday. The stock has a market capitalization of $22.73 billion, a P/E ratio of 17.22, a PEG ratio of 1.20 and a beta of 0.93. 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 firm has a fifty day simple moving average of $77.19 and a two-hundred day simple moving average of $80.92. Edison International has a twelve month low of $55.27 and a twelve month high of $88.77.

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

Edison International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th will be given a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 5.64%. This is a boost from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date is Tuesday, January 7th. Edison International’s dividend payout ratio (DPR) is currently 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.