ORG Partners LLC Trims Position in Edison International (NYSE:EIX)

ORG Partners LLC trimmed its position in Edison International (NYSE:EIX) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,287 shares of the utilities provider’s stock after selling 250 shares during the quarter. ORG Partners LLC’s holdings in Edison International were worth $422,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EIX. CWA Asset Management Group LLC lifted its stake in Edison International by 22.6% in the 4th quarter. CWA Asset Management Group LLC now owns 18,956 shares of the utilities provider’s stock worth $1,513,000 after purchasing an additional 3,495 shares in the last quarter. Pensionfund Sabic raised its position in shares of Edison International by 30.6% in the fourth quarter. Pensionfund Sabic now owns 19,200 shares of the utilities provider’s stock worth $1,533,000 after buying an additional 4,500 shares in the last quarter. Centre Asset Management LLC raised its position in shares of Edison International by 8.1% in the fourth quarter. Centre Asset Management LLC now owns 2,656 shares of the utilities provider’s stock worth $212,000 after buying an additional 199 shares in the last quarter. GAMMA Investing LLC boosted its stake in Edison International by 30.8% during the fourth quarter. GAMMA Investing LLC now owns 3,410 shares of the utilities provider’s stock valued at $272,000 after buying an additional 803 shares during the period. Finally, Versant Capital Management Inc grew its position in Edison International by 171.5% during the fourth quarter. Versant Capital Management Inc now owns 448 shares of the utilities provider’s stock worth $36,000 after buying an additional 283 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Stock Performance

Shares of EIX stock opened at $65.00 on Friday. The company has a market capitalization of $25.16 billion, a P/E ratio of 19.06, a PEG ratio of 1.96 and a beta of 0.93. Edison International has a fifty-two week low of $63.15 and a fifty-two week high of $88.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The stock has a 50 day moving average price of $81.66 and a two-hundred day moving average price of $81.68.

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

Edison International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th will be issued a $0.8275 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $3.31 annualized dividend and a yield of 5.09%. This is a boost from Edison International’s previous quarterly dividend of $0.78. Edison International’s dividend payout ratio (DPR) is 97.07%.

Insider Transactions at Edison International

In related news, VP Adam S. Umanoff sold 25,619 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EIX. Wells Fargo & Company raised their price target on Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Morgan Stanley dropped their target price on shares of Edison International from $74.00 to $72.00 and set an “underweight” rating for the company 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 research report on Thursday, December 19th. Jefferies Financial Group started coverage on shares of Edison International in a research report on Thursday, November 7th. They issued a “buy” rating and a $93.00 target price for the company. Finally, Barclays raised Edison International from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $91.00 to $84.00 in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

About Edison International

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.