Edison International (NYSE:EIX) Shares Sold by Trilogy Capital Inc.

Trilogy Capital Inc. reduced its stake in Edison International (NYSE:EIX) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 35,853 shares of the utilities provider’s stock after selling 1,630 shares during the quarter. Trilogy Capital Inc.’s holdings in Edison International were worth $3,122,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in Edison International by 43.9% during the 1st quarter. GAMMA Investing LLC now owns 1,026 shares of the utilities provider’s stock worth $73,000 after buying an additional 313 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Edison International in the 1st quarter valued at $52,000. Gulf International Bank UK Ltd raised its holdings in shares of Edison International by 0.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 31,626 shares of the utilities provider’s stock valued at $2,236,000 after purchasing an additional 285 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in shares of Edison International in the 1st quarter valued at $28,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Edison International in the 1st quarter valued at $2,367,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Edison International

In related news, CEO J Andrew Murphy sold 28,995 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $78.43, for a total value of $2,274,077.85. Following the completion of the sale, the chief executive officer now directly owns 19,660 shares in the company, valued at approximately $1,541,933.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO J Andrew Murphy sold 28,995 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $78.43, for a total value of $2,274,077.85. Following the completion of the sale, the chief executive officer now directly owns 19,660 shares in the company, valued at approximately $1,541,933.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Natalie K. Schilling sold 2,341 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $80.00, for a total transaction of $187,280.00. Following the completion of the sale, the vice president now owns 6,338 shares of the company’s stock, valued at approximately $507,040. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,099 shares of company stock worth $7,223,342 over the last ninety days. 1.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of Edison International from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Evercore ISI increased their target price on shares of Edison International from $82.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Morgan Stanley increased their target price on shares of Edison International from $68.00 to $72.00 and gave the company an “underweight” rating in a research report on Wednesday, September 25th. Argus increased their target price on shares of Edison International from $82.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Finally, Bank of America began coverage on shares of Edison International in a research report on Thursday, September 12th. They issued a “buy” rating and a $95.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Edison International currently has an average rating of “Moderate Buy” and a consensus target price of $87.55.

Edison International Stock Performance

Shares of NYSE EIX opened at $85.43 on Monday. The company has a market cap of $32.87 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. Edison International has a 12 month low of $61.64 and a 12 month high of $88.77. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.03 and a quick ratio of 0.96. The company has a 50-day simple moving average of $85.31 and a 200-day simple moving average of $77.84.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.12 billion. Edison International had a net margin of 6.60% and a return on equity of 13.01%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 earnings per share. On average, equities analysts anticipate that Edison International will post 4.97 earnings per share for the current year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, October 7th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, October 7th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.65%. Edison International’s dividend payout ratio (DPR) is presently 136.84%.

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.