Chevy Chase Trust Holdings Inc. increased its stake in shares of Edison International (NYSE:EIX) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 287,162 shares of the utilities provider’s stock after buying an additional 3,143 shares during the quarter. Chevy Chase Trust Holdings Inc. owned 0.09% of Edison International worth $22,160,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Wetherby Asset Management Inc. lifted its position in shares of Edison International by 0.3% during the 2nd quarter. Wetherby Asset Management Inc. now owns 3,824 shares of the utilities provider’s stock worth $299,000 after buying an additional 12 shares during the period. HL Financial Services LLC raised its position in Edison International by 2.7% in the 2nd quarter. HL Financial Services LLC now owns 2,681 shares of the utilities provider’s stock valued at $210,000 after purchasing an additional 70 shares during the last quarter. Cutter & CO Brokerage Inc. raised its position in Edison International by 1.6% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 4,635 shares of the utilities provider’s stock valued at $362,000 after purchasing an additional 75 shares during the last quarter. Veritable L.P. raised its position in Edison International by 0.8% in the 2nd quarter. Veritable L.P. now owns 10,853 shares of the utilities provider’s stock valued at $849,000 after purchasing an additional 84 shares during the last quarter. Finally, Synovus Financial Corp raised its position in Edison International by 2.7% in the 2nd quarter. Synovus Financial Corp now owns 5,502 shares of the utilities provider’s stock valued at $427,000 after purchasing an additional 144 shares during the last quarter. Institutional investors and hedge funds own 81.36% of the company’s stock.

Several equities analysts have issued reports on the company. SunTrust Banks reiterated a “buy” rating and issued a $85.00 price objective on shares of Edison International in a research report on Thursday. Deutsche Bank cut their price objective on Edison International to $78.00 and set a “hold” rating for the company in a research report on Wednesday, December 6th. Mizuho downgraded Edison International from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 6th. ValuEngine downgraded Edison International from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Bank of America reiterated a “buy” rating and issued a $86.00 price objective on shares of Edison International in a research report on Tuesday, October 24th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $84.54.

In other news, insider Ronald L. Litzinger sold 224,718 shares of Edison International stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $82.00, for a total value of $18,426,876.00. Following the completion of the sale, the insider now directly owns 14,121 shares of the company’s stock, valued at approximately $1,157,922. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is currently owned by company insiders.

Edison International (NYSE EIX) traded up $0.03 during midday trading on Monday, hitting $71.80. The stock had a trading volume of 5,823,800 shares, compared to its average volume of 1,818,037. The firm has a market cap of $23,386.76, a PE ratio of 16.35, a P/E/G ratio of 2.60 and a beta of 0.23. Edison International has a one year low of $67.80 and a one year high of $83.38. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.47.

Edison International (NYSE:EIX) last released its earnings results on Monday, October 30th. The utilities provider reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.10. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Edison International had a return on equity of 10.84% and a net margin of 13.18%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the firm earned $1.29 EPS. equities research analysts forecast that Edison International will post 4.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be paid a $0.605 dividend. This is a boost from Edison International’s previous quarterly dividend of $0.54. This represents a $2.42 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Thursday, December 28th. Edison International’s dividend payout ratio (DPR) is 48.98%.

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Edison International Profile

Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.

Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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