Oakbrook Investments LLC Has $1.15 Million Holdings in Edison International (NYSE:EIX)

Oakbrook Investments LLC lowered its position in shares of Edison International (NYSE:EIX) by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,262 shares of the utilities provider’s stock after selling 450 shares during the quarter. Oakbrook Investments LLC’s holdings in Edison International were worth $1,151,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Edison International by 111.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 8,763,168 shares of the utilities provider’s stock valued at $590,725,000 after acquiring an additional 4,625,141 shares during the period. Boston Partners raised its holdings in shares of Edison International by 1.0% during the second quarter. Boston Partners now owns 4,644,506 shares of the utilities provider’s stock valued at $313,199,000 after acquiring an additional 44,140 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Edison International by 87.2% during the second quarter. Bank of New York Mellon Corp now owns 4,420,925 shares of the utilities provider’s stock valued at $298,013,000 after acquiring an additional 2,059,350 shares during the period. Pictet Asset Management Ltd. raised its holdings in shares of Edison International by 62.9% during the second quarter. Pictet Asset Management Ltd. now owns 2,504,575 shares of the utilities provider’s stock valued at $168,833,000 after acquiring an additional 966,848 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Edison International by 48.3% during the second quarter. Invesco Ltd. now owns 2,437,403 shares of the utilities provider’s stock valued at $164,304,000 after acquiring an additional 794,237 shares during the period. Institutional investors and hedge funds own 77.93% of the company’s stock.

A number of equities research analysts have recently issued reports on EIX shares. Wells Fargo & Co set a $73.00 price target on shares of Edison International and gave the company a “hold” rating in a report on Friday, July 26th. Royal Bank of Canada boosted their price target on shares of Edison International to $79.00 and gave the company an “outperform” rating in a report on Monday, September 30th. They noted that the move was a valuation call. Morgan Stanley boosted their price target on shares of Edison International from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, August 16th. Citigroup restated a “buy” rating and set a $81.00 price target (up previously from $78.00) on shares of Edison International in a report on Wednesday, September 18th. Finally, Mizuho cut their price target on shares of Edison International from $86.00 to $84.00 and set a “buy” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Edison International has an average rating of “Hold” and a consensus price target of $74.09.

Edison International stock opened at $70.52 on Monday. The firm’s 50 day moving average price is $72.90 and its two-hundred day moving average price is $67.56. Edison International has a twelve month low of $45.50 and a twelve month high of $76.45. The firm has a market cap of $24.97 billion, a PE ratio of 16.99, a P/E/G ratio of 2.85 and a beta of 0.10. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.64 and a current ratio of 0.69.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.43. Edison International had a negative net margin of 1.21% and a positive return on equity of 12.15%. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the business posted $0.85 EPS. Equities analysts anticipate that Edison International will post 4.69 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a dividend of $0.613 per share. This is a positive change from Edison International’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.45 annualized dividend and a dividend yield of 3.48%. Edison International’s dividend payout ratio is 59.04%.

About Edison International

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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