Parametric Portfolio Associates LLC Has $77.29 Million Holdings in Edison International (EIX)

Parametric Portfolio Associates LLC grew its position in Edison International (NYSE:EIX) by 1.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,001,557 shares of the utilities provider’s stock after acquiring an additional 12,967 shares during the period. Parametric Portfolio Associates LLC owned about 0.31% of Edison International worth $77,290,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of EIX. Dupont Capital Management Corp raised its position in shares of Edison International by 5.2% during the 2nd quarter. Dupont Capital Management Corp now owns 21,399 shares of the utilities provider’s stock worth $1,673,000 after purchasing an additional 1,054 shares during the last quarter. BB&T Securities LLC raised its position in shares of Edison International by 32.5% during the 2nd quarter. BB&T Securities LLC now owns 5,464 shares of the utilities provider’s stock worth $427,000 after purchasing an additional 1,340 shares during the last quarter. Jennison Associates LLC raised its position in shares of Edison International by 0.6% during the 2nd quarter. Jennison Associates LLC now owns 1,569,527 shares of the utilities provider’s stock worth $122,721,000 after purchasing an additional 8,946 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Edison International during the 2nd quarter worth about $3,341,000. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Edison International by 0.9% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 493,388 shares of the utilities provider’s stock worth $38,578,000 after purchasing an additional 4,433 shares during the last quarter. Institutional investors and hedge funds own 81.36% of the company’s stock.

Edison International (NYSE:EIX) traded up $0.42 during trading on Monday, hitting $69.71. 4,531,600 shares of the stock traded hands, compared to its average volume of 1,895,185. Edison International has a twelve month low of $67.28 and a twelve month high of $83.38. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.51. The stock has a market cap of $22,712.29, a PE ratio of 15.88, a price-to-earnings-growth ratio of 2.53 and a beta of 0.23.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.10. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Edison International had a net margin of 13.18% and a return on equity of 10.84%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 EPS. research analysts forecast that Edison International will post 4.33 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be given a dividend of $0.605 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 3.47%. This is a boost from Edison International’s previous quarterly dividend of $0.54. Edison International’s dividend payout ratio (DPR) is presently 48.98%.

EIX has been the subject of a number of recent research reports. SunTrust Banks reiterated a “buy” rating and issued a $85.00 price objective on shares of Edison International in a report on Thursday, December 7th. BidaskClub upgraded shares of Edison International from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Goldman Sachs Group set a $70.00 price objective on shares of Edison International and gave the company a “hold” rating in a report on Friday. Citigroup increased their price objective on shares of Edison International from $84.00 to $87.00 and gave the company a “neutral” rating in a report on Tuesday, October 17th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $84.00 price objective on shares of Edison International in a report on Sunday, September 17th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company. Edison International currently has an average rating of “Hold” and a consensus target price of $82.79.

In related news, insider Ronald L. Litzinger sold 224,718 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $82.00, for a total transaction of $18,426,876.00. Following the completion of the transaction, the insider now owns 14,121 shares of the company’s stock, valued at approximately $1,157,922. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.

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Edison International Profile

Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.

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Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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