B. Metzler seel. Sohn & Co. Holding AG acquired a brand new place in Edison Worldwide (NYSE:EIX – Free Report) within the third quarter, in response to its most up-to-date 13F submitting with the Securities and Trade Fee. The institutional investor acquired 15,923 shares of the utilities supplier’s inventory, valued at roughly $1,387,000.
A number of different institutional buyers and hedge funds have additionally just lately modified their holdings of the inventory. Highline Wealth Companions LLC bought a brand new place in shares of Edison Worldwide through the third quarter valued at about $26,000. Ashton Thomas Non-public Wealth LLC purchased a brand new stake in Edison Worldwide through the 2nd quarter valued at roughly $27,000. Jap Financial institution bought a brand new place in shares of Edison Worldwide through the third quarter price roughly $27,000. Nation Belief Financial institution purchased a brand new place in shares of Edison Worldwide within the 2nd quarter price roughly $29,000. Lastly, Farmers & Retailers Investments Inc. lifted its stake in shares of Edison Worldwide by 53.8% within the 2nd quarter. Farmers & Retailers Investments Inc. now owns 400 shares of the utilities supplier’s inventory valued at $29,000 after buying a further 140 shares through the interval. 88.95% of the inventory is owned by hedge funds and different institutional buyers.
Analyst Upgrades and Downgrades
Quite a lot of equities analysts have issued stories on the corporate. Jefferies Monetary Group initiated protection on Edison Worldwide in a report on Thursday, November seventh. They issued a “purchase” ranking and a $93.00 worth goal for the corporate. Barclays elevated their worth goal on shares of Edison Worldwide from $89.00 to $91.00 and gave the inventory an “equal weight” ranking in a analysis word on Wednesday, October thirtieth. UBS Group boosted their worth goal on shares of Edison Worldwide from $86.00 to $89.00 and gave the inventory a “impartial” ranking in a analysis word on Wednesday, September 4th. Argus raised their goal worth on shares of Edison Worldwide from $82.00 to $97.00 and gave the corporate a “purchase” ranking in a analysis word on Wednesday, September eleventh. Lastly, Royal Financial institution of Canada boosted their worth goal on Edison Worldwide from $94.00 to $100.00 and gave the inventory an “outperform” ranking in a analysis report on Friday, October 4th. One equities analysis analyst has rated the inventory with a promote ranking, 4 have issued a maintain ranking and eight have given a purchase ranking to the corporate’s inventory. In line with knowledge from MarketBeat.com, Edison Worldwide has a consensus ranking of “Average Purchase” and a mean worth goal of $88.75.
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Edison Worldwide Buying and selling Down 0.7 %
Shares of NYSE:EIX opened at $86.51 on Friday. Edison Worldwide has a 1 12 months low of $63.15 and a 1 12 months excessive of $88.77. The inventory’s fifty day shifting common worth is $84.64 and its 200-day shifting common worth is $80.08. The corporate has a market cap of $33.49 billion, a P/E ratio of 25.37, a PEG ratio of two.05 and a beta of 0.92. The corporate has a debt-to-equity ratio of 1.96, a present ratio of 0.88 and a fast ratio of 0.81.
Edison Worldwide (NYSE:EIX – Get Free Report) final introduced its quarterly earnings outcomes on Tuesday, October twenty ninth. The utilities supplier reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.13. Edison Worldwide had a internet margin of 8.52% and a return on fairness of 13.17%. The agency had income of $5.20 billion for the quarter, in comparison with the consensus estimate of $5.01 billion. Throughout the identical quarter final 12 months, the agency posted $1.38 EPS. The enterprise’s quarterly income was up 10.6% in comparison with the identical quarter final 12 months. Promote-side analysts count on that Edison Worldwide will put up 4.95 earnings per share for the present 12 months.
Edison Worldwide Broadcasts Dividend
The corporate additionally just lately declared a quarterly dividend, which was paid on Thursday, October thirty first. Stockholders of file on Monday, October seventh had been issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, October seventh. This represents a $3.12 annualized dividend and a dividend yield of three.61%. Edison Worldwide’s payout ratio is 91.50%.
Insider Transactions at Edison Worldwide
In different Edison Worldwide information, CEO J Andrew Murphy bought 23,896 shares of the inventory in a transaction that occurred on Monday, August twenty sixth. The shares had been bought at a mean worth of $85.45, for a complete worth of $2,041,913.20. Following the transaction, the chief govt officer now immediately owns 19,850 shares within the firm, valued at roughly $1,696,182.50. This commerce represents a 54.62 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is accessible via this hyperlink. Additionally, VP Adam S. Umanoff bought 25,619 shares of the enterprise’s inventory in a transaction on Thursday, October thirty first. The shares had been bought at a mean worth of $83.05, for a complete transaction of $2,127,657.95. The disclosure for this sale may be discovered right here. Insiders have bought a complete of 49,516 shares of firm inventory price $4,169,652 within the final ninety days. Insiders personal 1.03% of the corporate’s inventory.
Edison Worldwide Firm Profile
Edison Worldwide, via its subsidiaries, engages within the era and distribution of electrical energy. The corporate provides and delivers electrical energy to roughly 50,000 sq. mile space of southern California to residential, industrial, industrial, public authorities, agricultural, and different sectors.
Featured Tales
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