ORG Partners LLC Sells 250 Shares of Edison International (NYSE:EIX)

ORG Partners LLC trimmed its position in Edison International (NYSE:EIX) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,287 shares of the utilities provider’s stock after selling 250 shares during the period. ORG Partners LLC’s holdings in Edison International were worth $422,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Lake Street Advisors Group LLC increased its holdings in shares of Edison International by 4.3% during the third quarter. Lake Street Advisors Group LLC now owns 3,015 shares of the utilities provider’s stock valued at $263,000 after acquiring an additional 124 shares in the last quarter. Baker Tilly Wealth Management LLC grew its position in Edison International by 2.8% in the 3rd 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 during the period. SFE Investment Counsel increased its stake in Edison International by 0.3% during the 3rd quarter. SFE Investment Counsel now owns 42,730 shares of the utilities provider’s stock valued at $3,721,000 after purchasing an additional 130 shares in the last quarter. Assetmark Inc. raised its holdings 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 buying an additional 157 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in Edison International by 2.1% during the third quarter. Dynamic Advisor Solutions LLC now owns 7,697 shares of the utilities provider’s stock worth $670,000 after buying an additional 159 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Adam S. Umanoff sold 25,619 shares of Edison International 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by insiders.

Edison International Stock Performance

Shares of EIX stock opened at $65.00 on Friday. 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 cap of $25.16 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 1.96 and a beta of 0.93. Edison International has a 52 week low of $63.15 and a 52 week high of $88.77. The firm’s 50-day simple moving average is $81.66 and its two-hundred day simple moving average is $81.68.

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

Edison International Increases Dividend

The company also recently declared 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 is an increase 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 dividend yield of 5.09%. Edison International’s dividend payout ratio is presently 97.07%.

Analysts Set New Price Targets

EIX has been the subject of several recent research reports. Jefferies Financial Group started coverage on shares of Edison International in a research report on Thursday, November 7th. They set a “buy” rating and a $93.00 target price for the company. Wells Fargo & Company boosted their price objective on Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Barclays upgraded Edison International from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $91.00 to $84.00 in a report on Thursday, January 2nd. Royal Bank of Canada upped their price target on Edison International from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Finally, UBS Group dropped their price objective on Edison International from $96.00 to $87.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.00.

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.