Dynamic Advisor Solutions LLC Sells 2,634 Shares of Edison International (NYSE:EIX)

Dynamic Advisor Solutions LLC lowered its stake in Edison International (NYSE:EIX) by 34.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 and hedge funds have also bought and sold shares of the stock. Lake Street Advisors Group LLC lifted its holdings in shares of 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 worth $263,000 after acquiring an additional 124 shares during the period. Baker Tilly Wealth Management LLC raised its position in Edison International by 2.8% during the third quarter. Baker Tilly Wealth Management LLC now owns 4,779 shares of the utilities provider’s stock valued at $416,000 after purchasing an additional 129 shares in the last quarter. SFE Investment Counsel lifted its stake in Edison International by 0.3% during the third quarter. SFE Investment Counsel now owns 42,730 shares of the utilities provider’s stock worth $3,721,000 after purchasing an additional 130 shares during the last quarter. Assetmark Inc. lifted its stake 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 purchasing an additional 157 shares during the last quarter. Finally, Centennial Wealth Advisory LLC boosted its holdings in shares of Edison International by 3.3% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 5,378 shares of the utilities provider’s stock valued at $468,000 after purchasing an additional 172 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Insider Buying and Selling at Edison International

In other news, VP Adam S. Umanoff sold 25,619 shares of the business’s stock in a transaction dated 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 filing with the SEC, which can be accessed through this link. Insiders own 1.03% of the company’s stock.

Edison International Price Performance

Shares of EIX opened at $57.51 on Tuesday. The business has a 50-day moving average of $77.19 and a 200-day moving average of $80.98. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.88 and a quick ratio of 0.81. The company has a market capitalization of $22.26 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 1.20 and a beta of 0.93. Edison International has a 1 year low of $55.27 and a 1 year high of $88.77.

Edison International (NYSE:EIX) last released 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. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the business earned $1.38 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Edison International will post 4.94 earnings per share for the current year.

Edison International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 7th will be issued a $0.8275 dividend. This is a positive change from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date is Tuesday, January 7th. This represents a $3.31 annualized dividend and a yield of 5.76%. Edison International’s payout ratio is presently 97.07%.

Analyst Ratings Changes

Several brokerages recently weighed in on EIX. Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. UBS Group dropped their target price on shares of Edison International from $87.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Morgan Stanley decreased their price target 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. LADENBURG THALM/SH SH raised shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective for the company in a research note on Wednesday, January 15th. Finally, Barclays decreased their target price on shares of Edison International from $76.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.