Vident Investment Advisory LLC raised its holdings in Edison International (NYSE:EIX) by 20.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 18,340 shares of the utilities provider’s stock after acquiring an additional 3,139 shares during the period. Vident Investment Advisory LLC’s holdings in Edison International were worth $1,160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Murphy Capital Management Inc. increased its stake in shares of Edison International by 13.9% in the second quarter. Murphy Capital Management Inc. now owns 7,366 shares of the utilities provider’s stock worth $466,000 after purchasing an additional 900 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of Edison International by 0.5% in the first quarter. Baillie Gifford & Co. now owns 197,370 shares of the utilities provider’s stock worth $12,564,000 after purchasing an additional 910 shares in the last quarter. Horizon Investment Services LLC increased its stake in shares of Edison International by 10.7% in the first quarter. Horizon Investment Services LLC now owns 9,879 shares of the utilities provider’s stock worth $629,000 after purchasing an additional 958 shares in the last quarter. Employees Retirement System of Texas increased its stake in shares of Edison International by 2.6% in the first quarter. Employees Retirement System of Texas now owns 40,000 shares of the utilities provider’s stock worth $2,546,000 after purchasing an additional 1,000 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its stake in shares of Edison International by 10.9% in the first quarter. IFM Investors Pty Ltd now owns 10,320 shares of the utilities provider’s stock worth $657,000 after purchasing an additional 1,018 shares in the last quarter. Hedge funds and other institutional investors own 81.80% of the company’s stock.

Several equities analysts have recently weighed in on EIX shares. ValuEngine upgraded shares of Edison International from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 28th. Bank of America lifted their target price on shares of Edison International from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research upgraded shares of Edison International from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Argus raised their price objective on shares of Edison International to $75.00 and gave the company a “buy” rating in a research report on Monday, July 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Edison International from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, June 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $73.71.

EIX stock opened at $68.43 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.66 and a quick ratio of 0.61. Edison International has a 12 month low of $57.63 and a 12 month high of $83.38. The company has a market capitalization of $22.26 billion, a PE ratio of 15.21, a PEG ratio of 2.86 and a beta of 0.09.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, July 26th. The utilities provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.01. Edison International had a net margin of 4.34% and a return on equity of 10.27%. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same period last year, the business earned $0.85 earnings per share. Edison International’s revenue was down 5.1% compared to the same quarter last year. equities research analysts predict that Edison International will post 4.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, September 28th will be given a $0.605 dividend. The ex-dividend date is Thursday, September 27th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 3.54%. Edison International’s dividend payout ratio (DPR) is currently 53.78%.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.

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

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