Edison International Common Sto (NYSE:EIX) has been the object of insider selling activity recently. Gaddi H. Vasquez, Sr VP let go of $203,750 worth of shares at a price of $81.50 on Thu the 8th. The Sr VP now owns $310,434 of the stock per an SEC filing yesterday. W. Brett White, Director disclosed the sale of 2,500 shares of EIX stock. The shares were sold on June 7th for an average price of $81.67. The Director now owns $0 of the stock according to the SEC filing.
Pres. Edison Energy Group, Inc Ronald L. Litzinger sold 26,035 shares at an average price of $78.85 on May 15th. That brings the Pres. Edison Energy Group, Inc’s holdings to $0 as reported to the SEC.
Edison International, launched on April 20, 1987, 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..
Here are a few additional firms who have increased or decreased their stake in (EIX). As of the end of the quarter Cpcm, LLC had acquired 336 shares growing its holdings by 9.8%. The value of the total investment in Edison International Common Sto increased from $247,000 to $273,000 increasing 10.5% quarter over quarter. As of quarter end Hm Payson & Co had bought a total of 104 shares growing its stake by 0.3%. The value of the investment in Edison International Common Sto went from $2,263,000 to $2,511,000 a change of 11.0% quarter to quarter.
As of quarter end Proficio Capital Partners LLC had bought a total of 4 shares growing its position 4.9%. The value of the investment in EIX went from $6,000 to $7,000 a change of $1,000 since the last quarter. Brookfield Asset Management Inc. grew its position by buying 1,116,880 shares an increase of 127.9% in the quarter. Brookfield Asset Management Inc. owns 1,989,977 shares worth $158,422,000. The total value of its holdings increased 152.0%.
On May 17 the stock rating was downgraded to “Hold” from “Buy” by analysts at UBS. October 4 investment analysts at Citigroup made no change to the company rating of “Neutral” and moved down the price target from $79.00 to $76.00.
September 26 investment analysts at SunTrust Robinson Humphrey kept the company rating at “Buy” and moved up the price target from $74.00 to $84.00. On July 29 Jefferies held the company rating at “Hold” and raised the price expectation to $77.00 from $72.00.
July 29 investment analysts at Deutsche Bank left the stock rating at “Hold” but moved up the price target from $71.00 to $77.00. July 20 investment analysts at Citigroup held the stock rating at “Neutral” but raised the price target from $65.00 to $79.00.
The company is so far trading down by -0.16 percent from yesterday’s close. The company announced a dividend which will be paid on Monday the 31st of July 2017. The dividend payment will be $0.543 per share for the quarter which is $2.17 annualized. This dividend amount will represent a yeild of $2.65. The ex-dividend date is set for Wednesday the 29th of March 2017.
Company shares last traded at $81.29 barely above the 50 day moving average of $79.87 and which is a tad above the 200 day moving average of $76.18. The 50 day moving average was up $1.42 or +1.77% whereas the 200 day moving average was up $5.11 or +6.70%.
The most current P/E ratio is 19.25 and market capitalization is 26.49B. As of the last earnings report the EPS was $4.22 and is estimated to be $4.21 for the current year with 325,811,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $1.40 with next year’s EPS projected to be $4.30.