ERTS Wealth Advisors LLC Trims Stock Holdings in Edison International (NYSE:EIX)

ERTS Wealth Advisors LLC trimmed its holdings in Edison International (NYSE:EIX) by 10.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,419 shares of the utilities provider’s stock after selling 414 shares during the quarter. ERTS Wealth Advisors LLC’s holdings in Edison International were worth $273,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its holdings in shares of Edison International by 1.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 31,406 shares of the utilities provider’s stock valued at $2,507,000 after purchasing an additional 524 shares during the period. Atomi Financial Group Inc. raised its position in Edison International by 6.0% during the 4th quarter. Atomi Financial Group Inc. now owns 4,620 shares of the utilities provider’s stock worth $369,000 after buying an additional 260 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Edison International by 1.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 19,579 shares of the utilities provider’s stock worth $1,563,000 after acquiring an additional 350 shares during the period. Ballentine Partners LLC boosted its holdings in shares of Edison International by 18.6% in the fourth quarter. Ballentine Partners LLC now owns 2,733 shares of the utilities provider’s stock valued at $218,000 after acquiring an additional 428 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its holdings in Edison International by 54.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 27,200 shares of the utilities provider’s stock worth $2,172,000 after purchasing an additional 9,612 shares in the last quarter. Institutional investors and hedge funds 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 firm’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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

Edison International Price Performance

EIX stock opened at $62.24 on Wednesday. The stock has a market capitalization of $24.10 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 1.29 and a beta of 0.93. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. Edison International has a 52-week low of $55.27 and a 52-week high of $88.77. The stock’s fifty day simple moving average is $79.08 and its 200-day simple moving average is $81.35.

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

Edison International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 7th will be paid a dividend of $0.8275 per share. The ex-dividend date is Tuesday, January 7th. This represents a $3.31 dividend on an annualized basis and a yield of 5.32%. This is an increase from Edison International’s previous quarterly dividend of $0.78. Edison International’s dividend payout ratio (DPR) is currently 97.07%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EIX. Jefferies Financial Group assumed coverage on Edison International in a report on Thursday, November 7th. They issued a “buy” rating and a $93.00 price objective on the stock. Barclays cut their price target on shares of Edison International from $84.00 to $76.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Royal Bank of Canada boosted their price target on Edison International from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. LADENBURG THALM/SH SH raised Edison International from a “sell” rating to a “neutral” rating and set a $56.50 target price on the stock in a report on Wednesday, January 15th. Finally, Wells Fargo & Company lifted their price target on Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Edison International currently has a consensus rating of “Moderate Buy” and an average target price of $83.58.

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.