Atomi Financial Group Inc. Has $369,000 Stock Holdings in Edison International (NYSE:EIX)

Atomi Financial Group Inc. raised its position in Edison International (NYSE:EIX) by 6.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,620 shares of the utilities provider’s stock after purchasing an additional 260 shares during the period. Atomi Financial Group Inc.’s holdings in Edison International were worth $369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new stake in shares of Edison International during the 3rd quarter worth $26,000. Groupama Asset Managment grew its holdings in shares of Edison International by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 237 shares in the last quarter. Eastern Bank acquired a new stake in shares of Edison International during the 3rd quarter worth $27,000. Larson Financial Group LLC grew its holdings in shares of Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 195 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Edison International during the 3rd quarter worth $32,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Edison International

In other news, VP Adam S. Umanoff sold 25,619 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $83.05, for a total transaction of $2,127,657.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EIX shares. Jefferies Financial Group started coverage on Edison International in a report on Thursday, November 7th. They set a “buy” rating and a $93.00 target price on the stock. Morgan Stanley dropped their price objective on Edison International from $74.00 to $72.00 and set an “underweight” rating for the company in a research report on Friday, November 22nd. Wells Fargo & Company upped their price objective on Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Barclays dropped their price objective on Edison International from $76.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Guggenheim downgraded Edison International from a “buy” rating to a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.88.

Edison International Price Performance

Edison International stock opened at $58.71 on Friday. Edison International has a 12 month low of $55.27 and a 12 month high of $88.77. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $22.73 billion, a PE ratio of 17.22, a P/E/G ratio of 1.20 and a beta of 0.93. The stock has a 50-day moving average price of $77.19 and a two-hundred day moving average price of $80.86.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.13. Edison International had a return on equity of 13.17% and a net margin of 8.52%. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period last year, the company earned $1.38 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. Analysts expect that Edison International will post 4.94 EPS for the current year.

Edison International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 7th will be given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 5.64%. This is an increase from Edison International’s previous quarterly dividend of $0.78. The ex-dividend date is Tuesday, January 7th. Edison International’s dividend payout ratio (DPR) is 97.07%.

Edison International Company 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.