MGO One Seven LLC boosted its stake in Edison International (NYSE:EIX – Get Rating) by 4.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,774 shares of the utilities provider’s stock after buying an additional 332 shares during the period. MGO One Seven LLC’s holdings in Edison International were worth $495,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of EIX. Invesco Ltd. grew its position in Edison International by 36.8% in the 1st quarter. Invesco Ltd. now owns 5,732,894 shares of the utilities provider’s stock valued at $401,877,000 after buying an additional 1,541,989 shares in the last quarter. Vanguard Group Inc. grew its position in Edison International by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 46,704,150 shares of the utilities provider’s stock valued at $2,642,521,000 after buying an additional 1,250,820 shares in the last quarter. Prudential Financial Inc. grew its position in Edison International by 116.6% in the 2nd quarter. Prudential Financial Inc. now owns 1,904,395 shares of the utilities provider’s stock valued at $120,433,000 after buying an additional 1,025,096 shares in the last quarter. State Street Corp lifted its holdings in Edison International by 2.9% in the 2nd quarter. State Street Corp now owns 28,703,577 shares of the utilities provider’s stock valued at $1,815,214,000 after acquiring an additional 814,769 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Edison International by 110.8% in the 3rd quarter. Jennison Associates LLC now owns 1,251,924 shares of the utilities provider’s stock valued at $70,834,000 after acquiring an additional 658,091 shares during the last quarter. Institutional investors own 87.19% of the company’s stock.
Insider Transactions at Edison International
In other news, SVP J Andrew Murphy sold 22,471 shares of the stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $72.03, for a total value of $1,618,586.13. Following the completion of the sale, the senior vice president now directly owns 12,989 shares of the company’s stock, valued at $935,597.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.03% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Edison International Price Performance
EIX stock opened at $72.56 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.74. Edison International has a one year low of $54.45 and a one year high of $73.32. The firm has a market capitalization of $27.76 billion, a PE ratio of 45.35, a P/E/G ratio of 5.01 and a beta of 0.80. The firm has a 50-day moving average of $67.95 and a two-hundred day moving average of $64.59.
Edison International (NYSE:EIX – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.07. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.61 billion. Edison International had a net margin of 4.48% and a return on equity of 12.05%. During the same period in the prior year, the firm earned $1.16 earnings per share. On average, analysts forecast that Edison International will post 4.72 earnings per share for the current year.
Edison International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Friday, March 31st will be given a $0.7375 dividend. This represents a $2.95 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Thursday, March 30th. Edison International’s dividend payout ratio (DPR) is 184.38%.
Edison International Profile
Edison International is a renewable energy company, which through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies. The company was founded on July 4, 1886, and is headquartered in Rosemead, CA.
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