Edison International $EIX Stock Bought by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators grew its holdings in shares of Edison International (NYSE:EIX) by 11.0% during the third quarter, Holdings Channel.com reports. The firm owned 235,362 shares of the utilities provider’s stock after buying an additional 23,348 shares during the quarter. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Edison International were worth $12,646,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Fifth Third Bancorp increased its stake in Edison International by 1.7% during the 3rd quarter. Fifth Third Bancorp now owns 59,231 shares of the utilities provider’s stock valued at $3,182,000 after buying an additional 972 shares during the period. Ritholtz Wealth Management lifted its stake in shares of Edison International by 11.9% in the 3rd quarter. Ritholtz Wealth Management now owns 6,002 shares of the utilities provider’s stock worth $322,000 after acquiring an additional 639 shares during the period. Jacobi Capital Management LLC lifted its stake in shares of Edison International by 153.0% in the 3rd quarter. Jacobi Capital Management LLC now owns 8,937 shares of the utilities provider’s stock worth $480,000 after acquiring an additional 5,404 shares during the period. First Command Advisory Services Inc. lifted its stake in shares of Edison International by 193.6% in the 3rd quarter. First Command Advisory Services Inc. now owns 1,706 shares of the utilities provider’s stock worth $92,000 after acquiring an additional 1,125 shares during the period. Finally, Keybank National Association OH boosted its holdings in shares of Edison International by 17.3% in the third quarter. Keybank National Association OH now owns 9,469 shares of the utilities provider’s stock valued at $509,000 after acquiring an additional 1,397 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Price Performance

Shares of NYSE EIX opened at $60.02 on Friday. Edison International has a twelve month low of $51.10 and a twelve month high of $81.62. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.01. The company has a market capitalization of $23.10 billion, a price-to-earnings ratio of 6.38, a PEG ratio of 2.54 and a beta of 0.56. The firm has a 50-day moving average of $56.45 and a two-hundred day moving average of $67.68.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, October 29th. The utilities provider reported $1.92 earnings per share 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 analyst estimates of $5.34 billion. Edison International had a net margin of 20.50% and a return on equity of 14.17%. The business’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.34 EPS. As a group, analysts expect that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Weiss Ratings cut shares of Edison International from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, September 10th. JPMorgan Chase & Co. dropped their target price on Edison International from $61.00 to $59.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. Morgan Stanley upped their target price on Edison International from $60.00 to $62.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 21st. Truist Financial cut their target price on Edison International from $63.00 to $62.00 and set a “hold” rating for the company in a research report on Monday, October 12th. Finally, Bank of America lowered Edison International from a “buy” rating to a “neutral” rating and decreased their price target for the company from $81.00 to $51.00 in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $60.58.

Insider Buying and Selling

In related news, Director Peter Taylor sold 500 shares of the firm’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 transaction 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. This trade represents a 1.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by corporate insiders.

Edison International Company 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.