Edison International (NYSE:EIX) was the recipient of unusually large options trading on Wednesday. Traders bought 1,826 call options on the company. This represents an increase of approximately 619% compared to the typical volume of 254 call options.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tiedemann Advisors LLC lifted its stake in shares of Edison International by 11.8% in the 1st quarter. Tiedemann Advisors LLC now owns 24,326 shares of the utilities provider’s stock valued at $1,563,000 after purchasing an additional 2,574 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Edison International by 4.6% in the 4th quarter. Deutsche Bank AG now owns 3,415,561 shares of the utilities provider’s stock valued at $215,994,000 after purchasing an additional 150,064 shares in the last quarter. MML Investors Services LLC lifted its stake in shares of Edison International by 67.3% in the 4th quarter. MML Investors Services LLC now owns 8,779 shares of the utilities provider’s stock valued at $555,000 after purchasing an additional 3,533 shares in the last quarter. Guggenheim Capital LLC lifted its stake in shares of Edison International by 10.6% in the 4th quarter. Guggenheim Capital LLC now owns 689,628 shares of the utilities provider’s stock valued at $43,613,000 after purchasing an additional 66,141 shares in the last quarter. Finally, Financial Advocates Investment Management acquired a new position in shares of Edison International in the 4th quarter valued at about $369,000. Institutional investors own 82.06% of the company’s stock.
Get Edison International alerts:A number of analysts recently commented on the company. ValuEngine cut Edison International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Citigroup lifted their price objective on Edison International from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Tuesday, May 1st. SunTrust Banks set a $72.00 price objective on Edison International and gave the stock a “buy” rating in a research report on Monday, March 19th. Zacks Investment Research upgraded Edison International from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $70.00 price objective on shares of Edison International in a research report on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. Edison International has a consensus rating of “Hold” and a consensus price target of $76.36.
EIX opened at $65.28 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.59. The stock has a market capitalization of $20.98 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 2.74 and a beta of 0.16. Edison International has a 12 month low of $57.63 and a 12 month high of $83.38.
Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, May 1st. The utilities provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.11). The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Edison International had a net margin of 4.38% and a return on equity of 10.22%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. sell-side analysts forecast that Edison International will post 4.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Monday, July 2nd will be issued a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Friday, June 29th. Edison International’s dividend payout ratio (DPR) is 53.78%.
Edison International Company Profile
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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