CHURCHILL MANAGEMENT Corp Has $6.46 Million Stock Holdings in Edison International (NYSE:EIX)

CHURCHILL MANAGEMENT Corp increased its stake in shares of Edison International (NYSE:EIX) by 6.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 80,908 shares of the utilities provider’s stock after acquiring an additional 5,011 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Edison International were worth $6,460,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Lake Street Advisors Group LLC boosted its stake in Edison International by 4.3% during the 3rd quarter. Lake Street Advisors Group LLC now owns 3,015 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 124 shares during the period. Baker Tilly Wealth Management LLC boosted its position in shares of Edison International by 2.8% in the third quarter. Baker Tilly Wealth Management LLC now owns 4,779 shares of the utilities provider’s stock valued at $416,000 after acquiring an additional 129 shares during the period. SFE Investment Counsel grew its stake in shares of Edison International by 0.3% in the third quarter. SFE Investment Counsel now owns 42,730 shares of the utilities provider’s stock worth $3,721,000 after acquiring an additional 130 shares during the last quarter. Assetmark Inc. increased its position in Edison International by 32.9% during the third quarter. Assetmark Inc. now owns 634 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 157 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its stake in Edison International by 2.1% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 7,697 shares of the utilities provider’s stock valued at $670,000 after purchasing an additional 159 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Edison International from $74.00 to $72.00 and set an “underweight” rating on the stock in a report on Friday, November 22nd. Barclays lowered their price target on Edison International from $84.00 to $76.00 and set an “overweight” rating on the stock in a research note on Monday. Jefferies Financial Group assumed coverage on Edison International in a research report on Thursday, November 7th. They issued a “buy” rating and a $93.00 target price for the company. LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective on the stock in a research note on Wednesday. Finally, Wells Fargo & Company lifted their price target on shares of Edison International from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.96.

Edison International Price Performance

Shares of EIX stock opened at $61.31 on Thursday. Edison International has a 52-week low of $55.27 and a 52-week high of $88.77. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.81 and a current ratio of 0.88. The stock has a market cap of $23.74 billion, a PE ratio of 17.98, a PEG ratio of 1.34 and a beta of 0.93. The firm’s 50 day moving average price is $80.71 and its two-hundred day moving average price is $81.62.

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

Edison International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 7th will be given a $0.8275 dividend. The ex-dividend date is Tuesday, January 7th. This is a positive change from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 annualized dividend and a dividend yield of 5.40%. Edison International’s payout ratio is currently 97.07%.

Insider Buying and Selling

In other news, VP Adam S. Umanoff sold 25,619 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $83.05, for a total value of $2,127,657.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

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.