Atomi Monetary Group Inc. elevated its holdings in Edison Worldwide (NYSE:EIX – Free Report) by 6.7% through the third quarter, in line with its most up-to-date disclosure with the SEC. The institutional investor owned 4,360 shares of the utilities supplier’s inventory after shopping for a further 275 shares through the interval. Atomi Monetary Group Inc.’s holdings in Edison Worldwide had been value $380,000 as of its most up-to-date SEC submitting.
A variety of different institutional buyers and hedge funds additionally just lately made modifications to their positions within the enterprise. Dynamic Advisor Options LLC raised its place in shares of Edison Worldwide by 2.1% within the third quarter. Dynamic Advisor Options LLC now owns 7,697 shares of the utilities supplier’s inventory value $670,000 after shopping for a further 159 shares within the final quarter. Diversified Belief Co bought a brand new stake in shares of Edison Worldwide within the third quarter value $528,000. GAMMA Investing LLC raised its place in shares of Edison Worldwide by 21.7% within the third quarter. GAMMA Investing LLC now owns 2,607 shares of the utilities supplier’s inventory value $227,000 after shopping for a further 464 shares within the final quarter. Czech Nationwide Financial institution raised its place in shares of Edison Worldwide by 7.3% within the third quarter. Czech Nationwide Financial institution now owns 78,668 shares of the utilities supplier’s inventory value $6,851,000 after shopping for a further 5,350 shares within the final quarter. Lastly, Handelsbanken Fonder AB bought a brand new stake in shares of Edison Worldwide within the third quarter value $2,137,000. Hedge funds and different institutional buyers personal 88.95% of the corporate’s inventory.
Edison Worldwide Inventory Up 0.7 %
EIX opened at $83.61 on Friday. The inventory has a market cap of $32.17 billion, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. Edison Worldwide has a fifty-two week low of $61.64 and a fifty-two week excessive of $88.77. The corporate has a debt-to-equity ratio of two.04, a fast ratio of 0.96 and a present ratio of 1.03. The agency’s fifty day shifting common is $84.91 and its 200 day shifting common is $77.10.
Edison Worldwide (NYSE:EIX – Get Free Report) final introduced its quarterly earnings outcomes on Thursday, July twenty fifth. The utilities supplier reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. The enterprise had income of $4.34 billion for the quarter, in comparison with analysts’ expectations of $4.12 billion. Edison Worldwide had a internet margin of 6.60% and a return on fairness of 13.01%. The enterprise’s quarterly income was up 9.4% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the earlier 12 months, the corporate earned $1.01 EPS. On common, sell-side analysts forecast that Edison Worldwide will submit 4.97 earnings per share for the present fiscal 12 months.
Edison Worldwide Proclaims Dividend
The corporate additionally just lately declared a quarterly dividend, which can be paid on Thursday, October thirty first. Buyers of report on Monday, October seventh can be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, October seventh. This represents a $3.12 annualized dividend and a yield of three.73%. Edison Worldwide’s payout ratio is 136.84%.
Analyst Scores Modifications
A variety of analysis analysts just lately commented on the corporate. Financial institution of America assumed protection on Edison Worldwide in a analysis observe on Thursday, September twelfth. They issued a “purchase” ranking and a $95.00 goal value on the inventory. Argus elevated their goal value on Edison Worldwide from $82.00 to $97.00 and gave the corporate a “purchase” ranking in a analysis observe on Wednesday, September eleventh. Barclays elevated their goal value on Edison Worldwide from $80.00 to $91.00 and gave the corporate an “equal weight” ranking in a analysis observe on Wednesday, September 4th. Royal Financial institution of Canada elevated their goal value on Edison Worldwide from $94.00 to $100.00 and gave the corporate an “outperform” ranking in a analysis observe on Friday, October 4th. Lastly, Guggenheim elevated their goal value on Edison Worldwide from $80.00 to $83.00 and gave the corporate a “purchase” ranking in a analysis observe on Friday, July twenty sixth. One analyst has rated the inventory with a promote ranking, 5 have issued a maintain ranking and 7 have assigned a purchase ranking to the corporate. Primarily based on information from MarketBeat.com, the inventory presently has a mean ranking of “Maintain” and a mean goal value of $86.67.
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Insider Exercise at Edison Worldwide
In associated information, CEO J Andrew Murphy offered 28,995 shares of the corporate’s inventory in a transaction dated Friday, July twenty sixth. The shares had been offered at a mean value of $78.43, for a complete transaction of $2,274,077.85. Following the transaction, the chief govt officer now straight owns 19,660 shares within the firm, valued at roughly $1,541,933.80. This represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the SEC, which is accessible via this hyperlink. In different Edison Worldwide information, VP Natalie Okay. Schilling offered 2,341 shares of the corporate’s inventory in a transaction dated Wednesday, July thirty first. The shares had been offered at a mean value of $80.00, for a complete worth of $187,280.00. Following the transaction, the vice chairman now straight owns 6,338 shares within the firm, valued at $507,040. This represents a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is out there at this hyperlink. Additionally, CEO J Andrew Murphy offered 28,995 shares of the corporate’s inventory in a transaction dated Friday, July twenty sixth. The inventory was offered at a mean value of $78.43, for a complete transaction of $2,274,077.85. Following the completion of the transaction, the chief govt officer now owns 19,660 shares within the firm, valued at $1,541,933.80. This represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale may be discovered right here. Within the final ninety days, insiders have offered 89,099 shares of firm inventory value $7,223,342. Insiders personal 1.03% of the corporate’s inventory.
About Edison Worldwide
Edison Worldwide, via its subsidiaries, engages within the technology and distribution of electrical energy. The corporate provides and delivers electrical energy to roughly 50,000 sq. mile space of southern California to residential, business, industrial, public authorities, agricultural, and different sectors.
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