Edison International $EIX Holdings Raised by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its stake in shares of Edison International (NYSE:EIX) by 57,446.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,075 shares of the utilities provider’s stock after buying an additional 31,021 shares during the period. Fulcrum Asset Management LLP’s holdings in Edison International were worth $1,664,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Edison International during the second quarter valued at $26,000. Provenance Wealth Advisors LLC purchased a new stake in Edison International during the 3rd quarter worth about $27,000. Groupe la Francaise acquired a new position in Edison International in the 1st quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Edison International in the 2nd quarter valued at about $30,000. Finally, Bell Investment Advisors Inc purchased a new position in Edison International in the 2nd quarter valued at about $31,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EIX has been the topic of several analyst reports. UBS Group raised their price target on shares of Edison International from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. Wells Fargo & Company cut their price objective on shares of Edison International from $62.00 to $59.00 and set an “underweight” rating for the company in a research report on Friday, October 30th. Morgan Stanley upped their price objective on shares of Edison International from $60.00 to $62.00 and gave the company an “underweight” rating in a research note on Wednesday, October 21st. Truist Financial decreased their target price on shares of Edison International from $63.00 to $62.00 and set a “hold” rating on the stock in a research report on Monday, October 12th. Finally, Bank of America lowered shares of Edison International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $81.00 to $51.00 in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $60.58.

Insider Transactions at Edison International

In related news, Director Peter Taylor sold 500 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $55.56, for a total value of $27,780.00. Following the completion of the sale, the director directly owned 33,212 shares in the company, valued at approximately $1,845,258.72. The trade was a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Edison International Stock Performance

NYSE EIX opened at $60.20 on Wednesday. The business’s 50-day moving average price is $56.34 and its 200 day moving average price is $67.69. Edison International has a twelve month low of $51.10 and a twelve month high of $81.62. The company has a market capitalization of $23.17 billion, a PE ratio of 6.40, a price-to-earnings-growth ratio of 2.54 and a beta of 0.56. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.01.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Thursday, October 29th. The utilities provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.81 by $0.11. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $5.34 billion. Edison International had a return on equity of 14.17% and a net margin of 20.50%. The firm’s revenue was down 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.34 EPS. On average, research analysts predict that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Investors of record on Wednesday, October 7th were given a $0.8775 dividend. The ex-dividend date of this dividend was Wednesday, October 7th. This represents a $3.51 annualized dividend and a dividend yield of 5.8%. Edison International’s dividend payout ratio (DPR) is currently 37.30%.

Edison International Profile

Edison International is a holding company focused on electric power generation and delivery. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that serves homes and businesses across much of central and Southern California. SCE operates and maintains the electric grid, including transmission and distribution infrastructure, and works to support the region’s shift to cleaner energy. Edison International also provides energy advisory and management services through its Edison Energy business.