Jump Financial LLC Buys Shares of 17,000 Edison International (NYSE:EIX)

Jump Financial LLC bought a new stake in Edison International (NYSE:EIX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,000 shares of the utilities provider's stock, valued at approximately $1,215,000.

A number of other large investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC raised its stake in shares of Edison International by 1.5% in the 3rd quarter. Pzena Investment Management LLC now owns 13,316,887 shares of the utilities provider's stock valued at $842,826,000 after purchasing an additional 197,259 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Edison International by 3.3% during the 3rd quarter. Wellington Management Group LLP now owns 9,842,171 shares of the utilities provider's stock worth $622,911,000 after buying an additional 317,297 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Edison International by 8.9% in the 3rd quarter. Clearbridge Investments LLC now owns 6,830,749 shares of the utilities provider's stock valued at $432,318,000 after acquiring an additional 558,351 shares during the last quarter. Legal & General Group Plc raised its position in shares of Edison International by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 5,590,765 shares of the utilities provider's stock valued at $353,840,000 after acquiring an additional 108,138 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Edison International by 3.9% during the third quarter. Northern Trust Corp now owns 4,428,725 shares of the utilities provider's stock worth $280,294,000 after purchasing an additional 165,734 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EIX has been the topic of several research reports. TheStreet lowered shares of Edison International from a "b" rating to a "c+" rating in a research note on Thursday, February 22nd. StockNews.com upgraded shares of Edison International from a "sell" rating to a "hold" rating in a research report on Saturday, February 24th. Wells Fargo & Company upgraded shares of Edison International from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $72.00 to $86.00 in a research report on Tuesday. The Goldman Sachs Group assumed coverage on shares of Edison International in a research report on Wednesday, April 10th. They issued a "neutral" rating and a $78.00 target price for the company. Finally, Barclays lifted their price target on Edison International from $72.00 to $75.00 and gave the company an "equal weight" rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $75.10.

Insider Transactions at Edison International

In other Edison International news, CEO J Andrew Murphy sold 9,794 shares of the company's stock in a transaction on Monday, May 13th. The stock was sold at an average price of $75.07, for a total value of $735,235.58. Following the transaction, the chief executive officer now owns 19,660 shares of the company's stock, valued at $1,475,876.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.03% of the company's stock.

Edison International Price Performance

EIX traded up $0.44 during trading on Friday, reaching $76.30. The stock had a trading volume of 1,294,342 shares, compared to its average volume of 2,132,682. The stock has a 50 day moving average of $70.67 and a two-hundred day moving average of $68.61. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $29.36 billion, a price-to-earnings ratio of 33.47 and a beta of 0.95. Edison International has a 1-year low of $58.82 and a 1-year high of $76.39.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.01. Edison International had a return on equity of 12.48% and a net margin of 6.14%. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The company's revenue was up 2.8% on a year-over-year basis. As a group, equities analysts anticipate that Edison International will post 4.92 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were given a dividend of $0.78 per share. The ex-dividend date was Wednesday, March 27th. This represents a $3.12 annualized dividend and a dividend yield of 4.09%. Edison International's dividend payout ratio (DPR) is 136.84%.

Edison International Profile

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.