Guardian Financial Partners LLC Acquires 686 Shares of Edison International (NYSE:EIX)

Guardian Financial Partners LLC increased its stake in Edison International (NYSE:EIX) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,571 shares of the utilities provider’s stock after purchasing an additional 686 shares during the quarter. Guardian Financial Partners LLC’s holdings in Edison International were worth $1,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Edison International during the 3rd quarter valued at approximately $1,387,000. Stifel Financial Corp grew its holdings in shares of Edison International by 5.2% in the third quarter. Stifel Financial Corp now owns 309,716 shares of the utilities provider’s stock valued at $26,973,000 after purchasing an additional 15,181 shares in the last quarter. Baker Avenue Asset Management LP purchased a new stake in Edison International during the third quarter valued at $2,291,000. Swedbank AB lifted its position in Edison International by 13.5% during the third quarter. Swedbank AB now owns 506,819 shares of the utilities provider’s stock valued at $44,139,000 after purchasing an additional 60,182 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Edison International by 1.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,688 shares of the utilities provider’s stock worth $1,802,000 after buying an additional 389 shares in the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Edison International

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

Edison International Stock Performance

NYSE EIX opened at $62.08 on Thursday. The stock has a 50-day simple moving average of $80.71 and a two-hundred day simple moving average of $81.62. 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 firm has a market capitalization of $24.03 billion, a P/E ratio of 18.21, a PEG ratio of 1.34 and a beta of 0.93. Edison International has a fifty-two week low of $55.27 and a fifty-two week high of $88.77.

Edison International (NYSE:EIX) last posted its earnings results on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $5.01 billion. During the same period in the previous year, the business posted $1.38 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. On average, equities analysts forecast that Edison International will post 4.94 earnings per share for the current year.

Edison International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th will be paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 5.33%. This is an increase from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date is Tuesday, January 7th. Edison International’s dividend payout ratio is presently 97.07%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Royal Bank of Canada increased their price target on shares of Edison International from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Jefferies Financial Group started coverage on Edison International in a report on Thursday, November 7th. They issued a “buy” rating and a $93.00 target price for the company. UBS Group lowered their price target on Edison International from $96.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. LADENBURG THALM/SH SH upgraded shares of Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price objective on the stock in a research report on Wednesday. Finally, Wells Fargo & Company raised their target price on shares of Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Edison International has an average rating of “Moderate Buy” and an average target price of $84.96.

Edison International 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.