Dynamic Advisor Solutions LLC Has $404,000 Stock Holdings in Edison International (NYSE:EIX)

Dynamic Advisor Solutions LLC reduced its stake in Edison International (NYSE:EIX) by 34.2% in the 4th quarter, HoldingsChannel reports. The firm owned 5,063 shares of the utilities provider’s stock after selling 2,634 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Edison International were worth $404,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EIX. State Street Corp increased its position in Edison International by 0.7% in the 3rd quarter. State Street Corp now owns 32,549,936 shares of the utilities provider’s stock valued at $2,834,774,000 after buying an additional 224,337 shares in the last quarter. FMR LLC increased its holdings in shares of Edison International by 8.7% during the third quarter. FMR LLC now owns 21,800,874 shares of the utilities provider’s stock valued at $1,898,638,000 after acquiring an additional 1,741,835 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Edison International by 2.2% during the third quarter. Geode Capital Management LLC now owns 9,620,520 shares of the utilities provider’s stock worth $835,142,000 after purchasing an additional 210,461 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Edison International by 0.5% in the 2nd quarter. Clearbridge Investments LLC now owns 5,015,988 shares of the utilities provider’s stock worth $360,198,000 after purchasing an additional 24,834 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Edison International by 1.2% in the 3rd 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 period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Insider Activity

In other news, VP Adam S. Umanoff sold 25,619 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $83.05, for a total value of $2,127,657.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.03% of the company’s stock.

Edison International Stock Performance

NYSE EIX opened at $57.51 on Tuesday. The company has a market capitalization of $22.26 billion, a PE ratio of 16.86, a price-to-earnings-growth 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. Edison International has a 52-week low of $55.27 and a 52-week high of $88.77. The company has a 50-day simple moving average of $77.19 and a 200 day simple moving average of $80.98.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.13. The company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.01 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. Edison International’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 EPS. On average, research analysts predict that Edison International will post 4.94 EPS for the current year.

Edison International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date is Tuesday, January 7th. Edison International’s payout ratio is currently 97.07%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EIX. Royal Bank of Canada raised their price objective on shares of Edison International from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target for the company in a research note on Wednesday, January 15th. Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their target price on Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Barclays lowered their price target on Edison International from $76.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.88.

Edison International Company Profile

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.