Sentry Funding Administration LLC decreased its stake in Edison Worldwide (NYSE:EIX – Free Report) by 17.0% within the 2nd quarter, based on the corporate in its most up-to-date disclosure with the Securities and Trade Fee. The agency owned 1,662 shares of the utilities supplier’s inventory after promoting 341 shares throughout the interval. Sentry Funding Administration LLC’s holdings in Edison Worldwide have been price $119,000 as of its most up-to-date submitting with the Securities and Trade Fee.
A variety of different hedge funds additionally not too long ago made adjustments to their positions in EIX. Capital Analysis International Traders raised its holdings in Edison Worldwide by 1.7% throughout the 1st quarter. Capital Analysis International Traders now owns 20,344,752 shares of the utilities supplier’s inventory price $1,438,984,000 after buying an extra 345,189 shares over the past quarter. Pzena Funding Administration LLC elevated its place in shares of Edison Worldwide by 2.3% throughout the first quarter. Pzena Funding Administration LLC now owns 13,605,080 shares of the utilities supplier’s inventory price $962,287,000 after shopping for an extra 305,459 shares throughout the interval. Capital Worldwide Traders raised its stake in Edison Worldwide by 6.4% throughout the first quarter. Capital Worldwide Traders now owns 13,297,917 shares of the utilities supplier’s inventory price $940,562,000 after shopping for an extra 795,950 shares over the past quarter. Wellington Administration Group LLP lifted its holdings in Edison Worldwide by 4.4% within the fourth quarter. Wellington Administration Group LLP now owns 10,276,016 shares of the utilities supplier’s inventory valued at $734,632,000 after shopping for an extra 433,845 shares throughout the interval. Lastly, Norges Financial institution purchased a brand new stake in Edison Worldwide throughout the fourth quarter valued at $210,327,000. 88.95% of the inventory is at the moment owned by institutional traders.
Analyst Upgrades and Downgrades
A number of analysis corporations have not too long ago weighed in on EIX. Barclays lifted their value goal on Edison Worldwide from $80.00 to $91.00 and gave the inventory an “equal weight” ranking in a analysis report on Wednesday, September 4th. Morgan Stanley boosted their value goal on Edison Worldwide from $62.00 to $68.00 and gave the corporate an “underweight” ranking in a analysis observe on Friday, August twenty third. Evercore ISI lifted their value goal on shares of Edison Worldwide from $82.00 to $88.00 and gave the corporate an “outperform” ranking in a analysis observe on Wednesday, August 14th. Mizuho elevated their goal value on shares of Edison Worldwide from $75.00 to $85.00 and gave the inventory a “purchase” ranking in a analysis observe on Friday, Could seventeenth. Lastly, Financial institution of America assumed protection on shares of Edison Worldwide in a analysis observe on Thursday. They issued a “purchase” ranking and a $95.00 value goal for the corporate. One analysis analyst has rated the inventory with a promote ranking, 5 have issued a maintain ranking and 7 have issued a purchase ranking to the corporate’s inventory. Primarily based on information from MarketBeat, the corporate presently has a median ranking of “Maintain” and a median value goal of $84.67.
Learn Our Newest Analysis Report on Edison Worldwide
Edison Worldwide Inventory Efficiency
Shares of EIX opened at $84.60 on Friday. The agency has a market capitalization of $32.67 billion, a P/E ratio of 37.11 and a beta of 0.91. Edison Worldwide has a 52 week low of $58.82 and a 52 week excessive of $88.77. The inventory has a 50 day transferring common value of $80.80 and a two-hundred day transferring common value of $74.71. The corporate has a debt-to-equity ratio of two.04, a fast ratio of 0.96 and a present ratio of 1.03.
Edison Worldwide (NYSE:EIX – Get Free Report) final launched its quarterly earnings outcomes on Thursday, July twenty fifth. The utilities supplier reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The enterprise had income of $4.34 billion throughout the quarter, in comparison with analyst estimates of $4.12 billion. Edison Worldwide had a return on fairness of 13.01% and a internet margin of 6.60%. Edison Worldwide’s quarterly income was up 9.4% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the agency posted $1.01 EPS. Equities analysts forecast that Edison Worldwide will put up 4.96 earnings per share for the present fiscal yr.
Edison Worldwide Dividend Announcement
The corporate additionally not too long ago declared a quarterly dividend, which was paid on Wednesday, July thirty first. Traders of file on Monday, July eighth have been issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of three.69%. The ex-dividend date was Monday, July eighth. Edison Worldwide’s dividend payout ratio (DPR) is presently 136.84%.
Insiders Place Their Bets
In different Edison Worldwide information, CEO J Andrew Murphy offered 1,362 shares of Edison Worldwide inventory in a transaction that occurred on Friday, August twenty third. The shares have been offered at a median value of $85.00, for a complete transaction of $115,770.00. Following the transaction, the chief govt officer now owns 19,850 shares of the corporate’s inventory, valued at roughly $1,687,250. The transaction was disclosed in a authorized submitting with the SEC, which is accessible via this hyperlink. In different Edison Worldwide information, VP Natalie Ok. Schilling offered 2,341 shares of Edison Worldwide inventory in a transaction dated Wednesday, July thirty first. The shares have been offered at a median value of $80.00, for a complete worth of $187,280.00. Following the sale, the vice chairman now owns 6,338 shares of the corporate’s inventory, valued at $507,040. The sale was disclosed in a authorized submitting with the SEC, which is accessible via this hyperlink. Additionally, CEO J Andrew Murphy offered 1,362 shares of the inventory in a transaction that occurred on Friday, August twenty third. The shares have been offered at a median value of $85.00, for a complete transaction of $115,770.00. Following the transaction, the chief govt officer now immediately owns 19,850 shares of the corporate’s inventory, valued at $1,687,250. The disclosure for this sale could be discovered right here. Within the final ninety days, insiders offered 89,099 shares of firm inventory valued at $7,223,342. Company 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, industrial, industrial, public authorities, agricultural, and different sectors.
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