Traders Sell Shares of Edison International (EIX) on Strength (EIX)

Investors sold shares of Edison International (NYSE:EIX) on strength during trading hours on Thursday. $33.52 million flowed into the stock on the tick-up and $57.10 million flowed out of the stock on the tick-down, for a money net flow of $23.58 million out of the stock. Of all companies tracked, Edison International had the 0th highest net out-flow for the day. Edison International traded up $0.99 for the day and closed at $62.92

A number of equities analysts have commented on EIX shares. Zacks Investment Research downgraded shares of Edison International from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Edward Jones downgraded shares of Edison International from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. JPMorgan Chase & Co. started coverage on shares of Edison International in a report on Friday, January 12th. They issued a “neutral” rating and a $67.00 price objective for the company. Citigroup reaffirmed a “hold” rating and issued a $66.00 price objective on shares of Edison International in a report on Monday, January 22nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Edison International in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. Edison International has a consensus rating of “Hold” and a consensus target price of $76.86.

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The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $20,500.04, a P/E ratio of 36.14, a PEG ratio of 2.73 and a beta of 0.20.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.17. Edison International had a net margin of 5.59% and a return on equity of 10.86%. The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the business earned $1.02 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. equities analysts expect that Edison International will post 4.16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be paid a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Wednesday, March 28th. Edison International’s dividend payout ratio is currently 140.70%.

Several hedge funds and other institutional investors have recently modified their holdings of EIX. Cerebellum GP LLC bought a new stake in shares of Edison International during the fourth quarter valued at about $116,000. Captrust Financial Advisors bought a new stake in shares of Edison International during the fourth quarter valued at about $126,000. Amica Retiree Medical Trust bought a new stake in shares of Edison International during the third quarter valued at about $138,000. First Command Financial Services Inc. bought a new stake in shares of Edison International during the fourth quarter valued at about $154,000. Finally, Advisory Services Network LLC raised its stake in shares of Edison International by 1,842.3% during the fourth quarter. Advisory Services Network LLC now owns 2,661 shares of the utilities provider’s stock valued at $168,000 after purchasing an additional 2,524 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

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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.

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