Banco Santander S.A. Has $3.39 Million Position in Edison International (EIX)

Banco Santander S.A. reduced its stake in shares of Edison International (NYSE:EIX) by 1.7% during the first quarter, Holdings Channel reports. The institutional investor owned 42,454 shares of the utilities provider’s stock after selling 734 shares during the period. Banco Santander S.A.’s holdings in Edison International were worth $3,389,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EIX. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Edison International during the fourth quarter valued at approximately $363,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Edison International by 1.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,172 shares of the utilities provider’s stock valued at $1,524,000 after buying an additional 323 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Edison International by 24.6% in the fourth quarter. Van ECK Associates Corp now owns 2,387 shares of the utilities provider’s stock valued at $172,000 after buying an additional 472 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Edison International by 11.7% in the fourth quarter. Private Advisor Group LLC now owns 4,340 shares of the utilities provider’s stock valued at $313,000 after buying an additional 455 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Edison International by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 573,347 shares of the utilities provider’s stock valued at $41,277,000 after buying an additional 12,022 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

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

Shares of Edison International (NYSE:EIX) traded up 0.15% during midday trading on Tuesday, reaching $82.02. 326,610 shares of the company were exchanged. The stock’s 50-day moving average price is $80.04 and its 200-day moving average price is $76.83. The company has a market capitalization of $26.72 billion, a PE ratio of 19.43 and a beta of 0.23. Edison International has a 52-week low of $67.44 and a 52-week high of $82.82.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Monday, May 1st. The utilities provider reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.21. Edison International had a net margin of 12.82% and a return on equity of 10.78%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the firm posted $0.82 EPS. The firm’s revenue was up .9% compared to the same quarter last year. Analysts anticipate that Edison International will post $4.21 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be paid a dividend of $0.5425 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $2.17 dividend on an annualized basis and a yield of 2.65%. Edison International’s dividend payout ratio (DPR) is 50.94%.

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Several equities analysts have commented on EIX shares. Royal Bank Of Canada reissued a “buy” rating and issued a $84.00 price target on shares of Edison International in a research report on Friday, February 24th. Deutsche Bank AG raised their price target on shares of Edison International from $79.00 to $81.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Mizuho reissued a “buy” rating and issued a $91.50 price target on shares of Edison International in a research report on Wednesday, April 19th. Barclays PLC reissued an “equal weight” rating and issued a $84.00 price target (up previously from $78.00) on shares of Edison International in a research report on Sunday, April 23rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $83.00 price target (up previously from $80.00) on shares of Edison International in a research report on Tuesday, May 2nd. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $82.41.

In other Edison International news, Director W Brett White sold 2,500 shares of the stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $81.67, for a total transaction of $204,175.00. Following the transaction, the director now directly owns 2,500 shares in the company, valued at approximately $204,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ronald L. Litzinger sold 26,035 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $78.85, for a total transaction of $2,052,859.75. The disclosure for this sale can be found here. Insiders have sold a total of 34,692 shares of company stock worth $2,752,845 over the last quarter. 0.41% of the stock is currently owned by insiders.

Edison International Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EIX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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