1 week Ago By ABMN Staff
Ballentine Partners LLC lifted its stake in Edison International ( NYSE:EIX – Free Report ) by 18.6% during the fourth quarter, Holdings Channel reports. The fund owned 2,733 shares of the utilities provider’s stock after acquiring an additional 428 shares during the quarter.
Ballentine Partners LLC’s holdings in Edison International were worth $218,000 as of its most recent filing with the SEC. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Edison International by 0.
7% in the third quarter. State Street Corp now owns 32,549,936 shares of the utilities provider’s stock valued at $2,834,774,000 after purchasing an additional 224,337 shares during the period. FMR LLC raised its holdings in 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 acquiring an additional 1,741,835 shares during the period. Geode Capital Management LLC lifted its position in Edison International by 2.
2% during the 3rd quarter. Geode Capital Management LLC now owns 9,620,520 shares of the utilities provider’s stock worth $835,142,000 after acquiring an additional 210,461 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Edison International by 0.
5% during the second quarter. Clearbridge Investments LLC now owns 5,015,988 shares of the utilities provider’s stock valued at $360,198,000 after acquiring an additional 24,834 shares during the period. Finally, Charles Schwab Investment Management Inc.
grew its position in shares of Edison International by 1.2% in the third quarter. Charles Schwab Investment Management Inc.
now owns 2,340,116 shares of the utilities provider’s stock valued at $203,801,000 after purchasing an additional 28,240 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Edison International In other Edison International news, VP Adam S. Umanoff sold 25,619 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $83.
05, for a total transaction of $2,127,657.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link .
1.03% of the stock is currently owned by corporate insiders. Analysts Set New Price Targets Check Out Our Latest Report on Edison International Edison International Price Performance Edison International stock opened at $58.
71 on Friday. Edison International has a 52 week low of $55.27 and a 52 week high of $88.
77. The firm has a market cap of $22.73 billion, a P/E ratio of 17.
22, a P/E/G ratio of 1.20 and a beta of 0.93.
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 business’s fifty day moving average is $77.19 and its two-hundred day moving average is $80.
86. Edison International ( NYSE:EIX – Get Free Report ) last issued its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.
51 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.13.
Edison International had a net margin of 8.52% and a return on equity of 13.17%.
The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.01 billion.
During the same quarter in the prior year, the firm earned $1.38 EPS. The company’s revenue was up 10.
6% on a year-over-year basis. Equities research analysts forecast that Edison International will post 4.94 earnings per share for the current fiscal year.
Edison International Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th will be paid a $0.8275 dividend.
This is a boost from Edison International’s previous quarterly dividend of $0.78. This represents a $3.
31 annualized dividend and a dividend yield of 5.64%. The ex-dividend date of this dividend is Tuesday, January 7th.
Edison International’s dividend payout ratio (DPR) is 97.07%. Edison International Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding EIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Edison International ( NYSE:EIX – Free Report ).
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