Robeco Institutional Asset Management B.V. Increases Holdings in Edison International (NYSE:EIX)

Robeco Institutional Asset Management B.V. increased its holdings in shares of Edison International (NYSE:EIX) by 117.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 781,736 shares of the utilities provider’s stock after acquiring an additional 422,752 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Edison International were worth $68,081,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new stake in Edison International during the 3rd quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC purchased a new position in Edison International during the second quarter valued at $27,000. Eastern Bank bought a new stake in Edison International in the 3rd quarter valued at $27,000. Country Trust Bank purchased a new stake in Edison International in the 2nd quarter worth $29,000. Finally, Farmers & Merchants Investments Inc. boosted its holdings in shares of Edison International by 53.8% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 400 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Insider Activity

In related news, CEO J Andrew Murphy sold 1,362 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $85.00, for a total value of $115,770.00. Following the transaction, the chief executive officer now owns 19,850 shares of the company’s stock, valued at $1,687,250. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Adam S. Umanoff sold 25,619 shares of the stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO J Andrew Murphy sold 1,362 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $85.00, for a total value of $115,770.00. Following the transaction, the chief executive officer now owns 19,850 shares in the company, valued at $1,687,250. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,877 shares of company stock valued at $4,285,341. 1.03% of the stock is currently owned by company insiders.

Edison International Price Performance

EIX stock opened at $81.00 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 1.96. Edison International has a 12 month low of $62.21 and a 12 month high of $88.77. The stock has a market cap of $31.36 billion, a PE ratio of 23.75, a P/E/G ratio of 1.92 and a beta of 0.92. The company has a 50-day moving average price of $85.31 and a 200 day moving average price of $78.98.

Edison International (NYSE:EIX) last released its earnings results on Tuesday, October 29th. The utilities provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.13. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the prior year, the firm posted $1.38 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Equities research analysts anticipate that Edison International will post 4.94 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 7th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $3.12 annualized dividend and a dividend yield of 3.85%. Edison International’s dividend payout ratio (DPR) is 91.50%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EIX. Argus lifted their target price on Edison International from $82.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Royal Bank of Canada lifted their price objective on Edison International from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. UBS Group increased their target price on Edison International from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Bank of America started coverage on shares of Edison International in a report on Thursday, September 12th. They issued a “buy” rating and a $95.00 target price for the company. Finally, Wells Fargo & Company upped their price target on shares of Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $88.36.

About Edison International

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.