37,000 Shares in Edison International (EIX) Purchased by Bp Plc
Bp Plc bought a new stake in Edison International (NYSE:EIX) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 37,000 shares of the utilities provider’s stock, valued at approximately $2,340,000.
A number of other institutional investors also recently modified their holdings of the business. Teacher Retirement System of Texas increased its holdings in Edison International by 23.9% in the fourth quarter. Teacher Retirement System of Texas now owns 229,677 shares of the utilities provider’s stock valued at $14,525,000 after buying an additional 44,344 shares in the last quarter. BT Investment Management Ltd grew its position in shares of Edison International by 43.6% in the fourth quarter. BT Investment Management Ltd now owns 276,673 shares of the utilities provider’s stock valued at $17,497,000 after purchasing an additional 84,037 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Edison International by 3.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 50,567 shares of the utilities provider’s stock valued at $3,173,000 after purchasing an additional 1,802 shares during the last quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund grew its position in shares of Edison International by 32.6% in the fourth quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund now owns 244,000 shares of the utilities provider’s stock valued at $15,431,000 after purchasing an additional 60,000 shares during the last quarter. Finally, First Mercantile Trust Co. acquired a new stake in shares of Edison International in the fourth quarter valued at approximately $402,000. 80.09% of the stock is owned by institutional investors.
In related news, insider Ronald L. Litzinger sold 224,718 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $82.00, for a total transaction of $18,426,876.00. Following the sale, the insider now owns 14,121 shares in the company, valued at $1,157,922. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by company insiders.
Shares of Edison International (EIX) opened at $58.94 on Friday. Edison International has a 1 year low of $57.63 and a 1 year high of $83.38. The stock has a market cap of $19,490.00, a P/E ratio of 13.46, a P/E/G ratio of 2.14 and a beta of 0.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.51.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were given a dividend of $0.605 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.42 dividend on an annualized basis and a yield of 4.11%. This is a positive change from Edison International’s previous quarterly dividend of $0.54. Edison International’s dividend payout ratio (DPR) is 55.25%.
Edison International Profile
Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.
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